Cryptocurrencies are a popular method of payment and investment that gains recognition and approval all around the world. However, most often they are implemented and adopted by companies and business partners rather than individual users. Cryptocurrency might come in handy even in more personal, everyday situations. Find out what you can actually do with it as an individual user.
Cryptocurrency — what can you gain?
If you are still at the stage of wondering whether cryptocurrency might actually benefit you or not, here are a few advantages you can gain through its use. The biggest pro that attracts the greatest number of people is the anonymity or some kind of it, that is provided to the payers. Besides, it’s a direct, peer-to-peer method that does not involve any bank or official financial institution, so your payments are off the record. Cryptocurrencies are available to everyone, and they enable making payments from any place in the world. These advantages are often enough for large companies and commercial entities to choose this form of payment over any other. However, these benefits are what attract individual users as well. What can they use cryptocurrency for?
What can you buy with cryptocurrency?
As it turns out, cryptocurrency is not as unpractical as many people believe it to be. You can actually use it to pay for a great number of services or products.
E-commerce and technology
As cryptocurrency is all about technology and the digital world, it’s not a surprise that you can use it to pay for various services and products in the e-commerce and technology sectors. Among the most popular companies from this branch that allow people to pay with Bitcoins and other cryptocurrencies are Microsoft, Newegg, AT&T, and Shopify. This means that you can use your digital money to pay for the latest technological innovations available for private and commercial use or simply go shopping on such platforms as Rakuten, or already mentioned Shopify.
Cars
Even car dealers are now on the list of companies that accept payments in cryptocurrency. Not all, of course, but their number is growing. Car dealers all around the world offer a variety of vehicles, including luxurious Lamborghini or more accessible Subaru.
Expensive jewelry
Cryptocurrency is not yet widely popular among the general public, so it comes as no surprise that the majority of products that can be bought with it are rather luxurious. Among the most common products bought with Bitcoins, you will find expensive watches and jewelry. You might choose a store that can offer you a Rolex, or Patek Philippe watch and pay for it with the use of cryptocurrency.
Entertainment
Some branches that allow people to use cryptocurrencies and pay with them are more accessible and available to a wider group of people. The sector of online entertainment is now open to those players who wish to pay with Bitcoin for their games or additional features. In some cases, it’s even advisable to use this method of payment as it’s way more anonymous and convenient than other forms. It’s especially popular in casinos online, as many official banking institutions do not operate on these platforms. The use of cryptocurrency in this type of entertainment makes it no less safe and secure than if you were paying with “real” money. When you choose reliable sites, such as Vegas Slots Online, you can be sure that all the winnings that you wish to withdraw will go directly to you. As online casinos are available everywhere, all around the world, the use of cryptocurrency makes it even safer in places where gambling is banned.
Insurance and news media
With the use of cryptocurrency, mostly Bitcoin, you can pay for your monthly news media subscription. Some platforms give their readers an option to pay in Bitcoin. An example might be the Chicago Sun-Times or the Time Inc. publisher. Cryptocurrency is gaining popularity in other, surprising, branches, like the insurance industry. Even though major insurance policies, such as life insurance, are still unavailable for cryptocurrency users, some premium payments or other products can be bought with digital money. One such company is a well-known Swiss insurance provider, AXA.
