Just What Can Cryptocurrency Be Used for?

The rise of cryptocurrency has completely changed the way that many people look at finances and investment. It has been shown that, among younger generations especially, cryptocurrency is one of the most popular forms of investments. In America alone, 40% of the adult population are either already investing or looking to invest in various forms of cryptocurrency.

However, with any new phenomenon, many people remain skeptical. This isn’t really a bad thing, as approaching anything with a dose of skepticism is, usually, a good thing. So, for those who remain skeptical, and claim that cryptocurrency is useless, and can’t be used for anything, in this article, we are going to look through a few of the ways that people can actually use their cryptocurrency in 2022.

Crypto Trading

The most common, and popular way of using crypto, is the crypto trading market. In many ways, cryptocurrencies work like stocks. They can be bought, sold, and kept until they accumulate in value. Various crypto trading sites exist, that make crypto trading easier for even the freshest trader. Many of these sites incorporate the latest in encryption technology to keep their users safe and secure, they offer tutorials to help newbies make better decisions, and offer a wide variety of cryptocurrencies to trade. But, many people might still remain skeptical, as there is no tangible gain from crypto trading. Let us take a look at one way that you can use cryptocurrency and get a tangible result.

Crypto Casinos

The online gambling industry has experienced quite a bit of a revolution thanks to cryptocurrency. The rise of so-called crypto casinos has completely changed the way many people play and make deposits at online casinos. There are online casinos, that completely focus on accepting cryptocurrencies as deposits, and offer only cryptocurrency-base withdrawals.

However, for those who want to make crypto-based deposits, but get FIAT money in return, fret not, for many online casinos (and betting sites), offer that option as a possibility. In quite a number of reputable, licensed, and regulated casinos, players can make deposits in Bitcoin, Ether, and other cryptocurrencies, and withdraw their winnings in FIAT currency. This is just one of the ways that cryptocurrency can be used in modern society.

However, what to do if you are not interested in gambling, betting, or any similar risks? Is there any reason to get cryptocurrency then?

Crypto Shopping

Cryptocurrencies, like Bitcoin and Ether, have now become an everyday part of mainstream society. This has opened the doors, for many reputable businesses to start accepting Bitcoin-based payments in exchange for their product. Just last year, in 2021, one of the biggest, if not the biggest, coffee shop franchise in the world, Starbucks, began accepting crypto-based payments in their shops around the world. Crypto-traders can now walk into a Starbucks and purchase a mocha latter without the need to carry any cash around whatsoever.

It isn’t just Starbucks that operates with crypto, however. Whole Foods, one of the biggest supermarket chains in the United States, has partnered up with the Flexa platform, in order to make it possible for their shops to accept Bitcoin-based payments.

But it isn’t just companies that have embraced the new phenomenon. Celebrities, musicians, artists, and directors have begun to embrace the concept. Snoop Dogg is a known supporter of cryptocurrency, making many of his albums available for purchase through crypto. Many directors have made their films available as crypto-purchases, and one of the most famous examples is 50 Cent’s album Animal Ambition, which made the star a crypto-millionaire.