59 total views, 2 views today
Cryptocurrencies are typically considered to be high-risk investments for millennial. However, amidst this hype and speculation, one must not forget that most of the decentralized digital currencies, such as bitcoin, were created with a broader vision that aimed to disrupt the status quo and so have a wide variety of powerful use cases. Here are some:
- Low-cost money transfers
The low fees associated with transaction using cryptocurrencies such as litecoin (LTC), stellar (XLM) or bitcoin cash (BCH) make them excellent payment options for international money transfers.
- A censorship-resistant alternative store of wealth
Cryptocurrencies, are censorship-resistant alternative store of wealth that can never be frozen by the authorities. Only a user can access his own wealth.
- Invest in innovative early-stage startups
The emergence of cryptocurrencies, anyone with an Internet connection can become an investor and provide new startup ventures with much-needed seed capital e.g. Initial coin offerings(ICOs).
- Make private transactions
Privacy-centric digital currrencies such as Monero (XMR), Zcash (ZEC), and PIVX (PIVX) allows users to make anonymous financial transaction without having to profer any explanation to any authority.
- Send non-cash remittances
Another very legitimate use case for cryptocurrencies is non-cash remittances.
- Get paid to post content
Publishers can now receive financial remunerations and rewards in the form of cryptocurrency for posting or uploadind contents.
- Rent your spare hard drive space to the cloud
Some decentralized blockchain-based cloud storage solutions are allowing users to earn cryptocurrency in exchange for renting out their hard drive storage space on a peer-to-peer basis.
- Travel the world
Due to the immense popularity of cryptocurrencies, it is now possible to travel the world with cryptocurrency as travel agents have began to accept bitcoin as a payment method to book flights, car rentals, and accommodations.
- Travel into space
A reputed commercial space travel company had announced that would be accepting bitcoin payments for space travel bookings.
Our friends at Bitcoinfy.net developed an interesting infographic on Bitcoin and Blockchain Technology for all the beginners who want to know more about Cryptocurrencies.
Bitcoinfy.net is a #1 Bitcoin Casino site presenting Trusted and Genuine Bitcoin Casino Reviews for all the online casino players who want to start gambling with Bitcoins. Please check the following infographic, and share your thoughts.