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.
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