People still do not grasp the many uses cryptocurrency has. While some countries have adopted it wholeheartedly and have even begun to use it in payment for public services, others remain wary of it.
Yet crypto can be used for a plethora of different services, from entertainment to shopping, and brings a range of benefits. Below, we provide some alternative uses for your cryptocurrency.
Crypto Casinos
Cryptocurrency as a method of payment offers a lot of positives to the online gambling industry. Quick payments, added security and minimal fees for transactions over borders are all advantageous to it.
Yet it has taken a while for some casinos to accept crypto as a currency method, and even then it was taken up fairly slowly. Now there are plenty of casinos online that accept it, though they are not all created equal.
Some will take your money and convert it to fiat. After this, you operate as any member of the community would do, accessing games and bonuses. Others have built their whole organisation around crypto and as a result, are much more adept at dealing with those who prefer to play this way.
As well as accepting a host of different currencies, they also have a wide range of games. Some are well-known popular casino titles, while others are dedicated crypto casino games available only for people who play using cryptocurrency.
One of the most cutting-edge and innovative uses of crypto in casinos is live dealer gaming. These titles blend the convenience of playing casino games at home with the interaction of a live croupier.
The player connects to the table, and a dealer in the studio operates the game. Their actions are then live-streamed, so everything from the spinning of a roulette wheel to the dealing of cards is viewable. Players can also interact using chat functions.
In some cases, new hybrid games have developed from this. Slot games are now beginning to incorporate live dealer technology that allows them access to gameshow-style bonus rounds. Connecting to a host in the studio, they then play to win extra cash and multipliers.
Travel
One of the most attractive ways to spend your crypto is to use it to travel. The world is now becoming more accessible to crypto users and even the journey can be financed using Bitcoin and other currencies.
Booking directly with major airlines is still impossible, and with the fluctuating price of fuel and crypto, it is easy to see why. However, some third-party bookers such as Cheapair will accept it to book everything from flights to hotels.
Bitcoin ATMS are now available in more major cities. If you have a mobile device, you can move your money around without the hassle of converting fiat at dubious roadside cashiers. Simply locate the nearest Bitcoin ATM and take out the cash for the next leg of your journey.
Not only is this great for travelling, but it is also a massive help to digital nomads. People are now working from a laptop more often, allowing them freedom unfound before. Digital nomads are those people, who choose to work as they travel the globe.
There are some great opportunities online that you can use to work as you travel and earn crypto at the same time. Steemit is one of these platforms, which will pay you for upvoting the content of others and posting content for them.
Make enough and you could reach for the stars, quite literally. Virgin Galactic is in the process of taking bookings for its commercial spaceflights. While they only reach space by US standards (The Karman line is the international definition of space) they do offer advanced bookings payable in crypto.
Invest
Buying cryptocurrency itself does not have to be an investment. Once you have this, you can invest it in other areas. Although they lost some traction during the crypto collapse, Initial Coin Offerings, also known as IPOs are a way to speculate using crypto. They allow early backers of a coin to trade established crypto for their currency, which then rises in value as it is launched and put on the market.
Other methods of raising capital involve yield farming. This involves lending your crypto to certain platforms for an interest rate. How this works exactly depends on the platform. Usually, in exchange for deposits rewards are given in the platform’s token.
There are hundreds of other uses for your crypto. From buying NFT artwork to collectable sports memorabilia, crypto is becoming more widely available. It will not be long before stores and more online platforms accept it.
Yet with this will come a period of stability, and crypto may lose the volatility that once made it exciting. Who knows if you should save or spend it now? All that can be certain is that crypto is here to stay.
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