Towards a Digital World
5 Ways of Using Cryptocurrencies in 2019 and Beyond
19:12 19 June 2019
Many have been waiting for a currency without government interference or regulation. During the year when Bitcoin was launched, it looked like this was it. Soon, many other cryptocurrencies followed suit, trying to replicate its success. Unfortunately, despite all of this, opportunities to spend your crypto-coins were somewhat limited, since not a lot of vendors were willing to accept them as a valid form of payment.
Luckily, this has all started to change in the recent times, especially in 2019. Without a doubt, the future looks bright for the crypto-enthusiasts among us, and the following ways you can use your crypto-coins in the modern times prove this times and times again:
- Online retailers
Who doesn’t love shopping? It may just be our nation’s favorite pastime activity, especially in the female population. That being said, not every vendor on the planet will accept cryptocurrencies. Even those that do, will rarely venture beyond the safety net and familiarity of Bitcoin. In any case, looking at what’s happening in the recent times, tech vendors almost certainly accept it nowadays without exception. But since Bitcoin is becoming ever more popular, be on the lookout for its trademark symbol every time you visit an online store; its presence indicates that it’s supported as a valid form of payment.
- Investment platforms
The internet has changed so many things in our society, most of which for the better. For one thing, everyone with a great-enough idea and the know-how to make it a reality can now become an inventor. The trick is being able to present your idea in a way to make it appealing to the potential backers. Whether you’re an inventor or an inventor, most of these platforms now support either Bitcoin or Ethereum without issues. These are known as initial coin offerings (or ICOs for short).
- Casino websites
Because gambling is still frowned upon in certain social circles and regions, many gambling enthusiasts still need to hide their favorite hobby, which is rather unfortunate. Societal pressures are one thing, but if the government in the country you live in has explicitly outlawed it, you can even face jail-time if they catch you doing it. To make a stand against this, online casino websites like Bitcasino.io are popping up all the time. Since the nature of cryptocurrencies is to ensure your privacy at all times (no names are shown in the transaction history), this is a fantastic solution.
Coupled with other security measures like using a VPN, as long as you’re not hurting anyone, what you do online can and should remain nobody’s business but your own. In other words, hiding your identity with a VPN and funneling payments through a crypto-wallet is the best way to make a stand against government censorship and protect your rights.
- Travel agents
Ever fantasized about booking a flight or renting a limousine with your crypto-coins? In 2019, this is now a reality. Travel agents such as Destinia and CheapAir now support this payment option, and there are new platforms popping up all the time that are very much liberal in terms of payment options as well. CryptoCribs, for example, is a website that allows you to book an apartment and pay with cryptocurrencies. How awesome is that? Once you’ve reached your destination, head on to the nearest crypto ATM (hint: every major city should have one), and you can exchange your digital coins for cold hard cash you can spend in any way you want.
- Peer-to-peer lending
Sitting on a pile of cryptocoins that you don’t know what to do with? Why not utilize the world’s most popular peer-to-peer lending platforms and multiply your stack? Letting it sit and collect dust is just about the worst thing you can do if you’re not going to be cashing out any time soon. Naturally, security would probably be one of the most pressing concerns holding you back from taking the leap, and it’s completely understandable. But with all the metrics available, you can let the algorithm make calculated risks for you and split up the funds in smaller particles to minimize the risk. In other words, you’ll be lending money to multiple people to minimize the risk, and this is just one of the many security measures that are put in place by the operating platform.
These are only a couple of ideas on what you can do with your crypto-coins. As time goes on, the industry experts expect these to be embraced even more than they are in 2019, so this is a great time to be excited about the new digital era we’ve entered already and the possibilities that are yet to come.