Cryptocurrency came into existence just a couple decades ago, but now, it is already possible to see that it is aimed to change the global economy completely. When Bitcoin was launched, nobody knew about it. Now, the number of countries that legalize cryptocurrency is growing exponentially, as well as the number of companies that accept one or another cryptocurrency as a way to pay for goods and services.
What Can You Do With Crypto
Now, one can exchange cryptocurrency, Dash to BTC or any other coins, anywhere, on any cryptocurrency exchange.You can store coins, buy and sell them, pay with them for goods, services, content, storage space, or whatever. There are some coins that allow you to participate in taking solutions about blockchains and coin networks.
The ways to apply cryptocurrency in the crypto world and in the real world are expanding.
Cryptocurrency in Everyday Life
There are still not many applications for cryptocurrency in the everyday life of people. You can buy crypto with credit card online and then, once you’ve done that, you can pay for some goods, such as coffee in some Starbucks outlets, and some services. Really, however, the application of crypto-coins is still mostly limited to trading, exchanging crypto or buying and storing it. All these operations can be performed on the platform of any instant cryptocurrency exchange online.
Cryptocurrency in the World of Finance
The world of finance is being changed actively by cryptocurrency.
- So, Ripple has already introduced a network to facilitate the international funds transfers. In the Ripple network, financial institutions can send even big sums of money instantly with almost no fee. Needless to mention that major banks and financial institutions got interested in the project. They are already using the Ripple network and the further implementation is on the way.
- In the field of micropayments, there are several projects already to facilitate transfers of small sums easily and with the lowest fees.
- So, Bitcoin introduced the Lightning network to enable multiple payments off the blockchain. Users pay only for the first and the last transaction.
- Stellar Lumens is a protocol launched to facilitate and speed-up cross-border transfers.
Cryptocurrency in the World of Entertainment
The entertainment industry is adopting cryptocurrency massively. So, the Tron project was developed for this specific field. First, it was used for tipping users, and now, it has grown to being a fully-functional coin with all the perks that a crypt-coin can give its users.
Bottom Line
Cryptocurrency is already here. It doesn`t even matter whether you want it or not, whether you trust it or not but it has been already changing the world for a while. Everything started when Bitcoin appeared. It showed the world that funds can be anonymous and transparent, that transfers can be fast and cheap.
In this context, we cannot leave such technology as blockchain without attention. While cryptocurrency is mostly limited to the financial world, blockchain is already applied in many projects and fields. Even if cryptocurrency fails blockchain will stay to serve the world with its top transparency and reliability.
I’m a 20-something stay-at-home mother and wife. I have an amazing husband, a beautiful daughter, two loving dogs, and a lazy cat. I wouldn’t change my life for anything! I love to read, listen to music, cook and blog!
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