TOP 5 USES OF CRYPTOCURRENCIES

POSTED ONBY VIKASH KUMAR DAS

Top 5 Exceptional Uses of Cryptocurrencies

If you are wondering what are the uses of cryptocurrencies across various domains, you have landed on the right page. Let’s explore some of the exceptional use cases of cryptocurrencies.  



Table of Contents

  • Overview 
  • Incredible Uses of Cryptocurrencies
  • Money Transfer 
  • Luxury Hotels that Accept Cryptocurrencies 
  • Alternative Store of Wealth
  • De-Corrupting Charities
  • Gaming 
  • Wrapping Up

Overview

Cryptocurrency has risen exponentially over the past few years due to its attraction to individuals seeking to use this digital asset as an alternate capital. It all started back in 2009 by an unknown person using the alias Satoshi Nakamoto, and since then, cryptocurrencies have been surrounded by a buzz because of their high potential.

Despite such fame, crypto assets are thought of as high-risk investments for millennials. But those who have realized its potential know that they have the potential to revolutionize the world.

So let’s delve deep and explore some of the incredible use of cryptocurrencies across various domains that you probably haven’t thought of.

Incredible Uses of Cryptocurrencies

It’s no surprise that cryptocurrencies are exciting. Let’s enlist top uses that will surprise you.

  • Money Transfer

Sending and accepting payments at low cost and high speed is one of the most well-known applications of cryptocurrency that almost everyone is aware of. The increased interest is shown by retail banking clients, fintech, venture capital funds, and institutional investors in this financial vehicle and distributed ledger technology. 

This is because the cryptocurrency payment system is Peer-to-Peer(P2P), meaning users can instantly send and receive payments all across the globe without requiring approval from any external source. Moreover, there is no banking fee, no overdraft charges, no returned deposit fees, etc.

Can you afford to ignore this opportunity?

  • Luxury Hotels that Accept Cryptocurrencies 

Yes, you read that right. Various lavish hotels around the globe have started accepting digital payments like cryptocurrencies. The five-star Dolder Grand Hotel located in Zurich now accepts Bitcoin as payment for various purposes such as overnight visits, food, and beverages, etc. Also, the Sandman group has opted for modern upgrades in their hotels, such as accepting cryptocurrencies as a form of payment to offer a high-end experience.

Last month, Airbnb declared an interest in tokenization, cryptocurrencies, and Blockchain technology. Moreover, a Blockchain-based travel booking platform named Travala announced that it allows its users to book holiday homes using more than 30 kinds of cryptocurrencies

Dragonchain.com/case-studies