Fun and Interesting Ways to Spend Your Cryptocurrencies
By Space Coast Daily // February 7, 2020
The use of cryptocurrencies is now seen as the future of online payments. This makes sense as more and more people are becoming keener to converting their money into cryptos like Bitcoin, Ethereum, Ripple, and Litecoin.
Bitcoin remains to be the most popular cryptocurrency as it is, after all, considered as the father of all cryptocurrencies. This cryptocurrency has been created in 2008 by an unknown person or group of people named Satoshi Nakamoto.
Initially, Bitcoin was created as rewards for a process known as mining. The coins can then be exchanged to other currencies, products, and services. It was in 2009 when this was made available to the public for online transactions.
The first public Bitcoin transaction recorded was a Papa John’s Pizza purchase on May 22, 2010. A programmer purchased two large pizzas that’s worth 10,000 Bitcoins. This was worth around 30 US dollars as Bitcoin was, during that time, was only worth around a dollar or even less.
Definitely, Bitcoin has come a long way and is valued more than it was. It was mainly in 2017 when it made quite a noise as a Bitcoin was worth 20,000 US dollars at some point in that year.
With that, more people and businesses have seen its potential and adapted the use of cryptocurrencies to their online transactions.
As many people and businesses begin to use cryptocurrencies, this simply means that there are now many ways for you to spend your Bitcoin, Litecoin, or any other altcoins that you’ve been keeping. Here are some of the interesting and fun ways for you to spend your cryptocurrencies.
• Charity and Crowdfunding
One of the best ways to utilize your money is to give back and if you only have cryptocurrencies to spend, then this is very convenient as many charity groups and organizations are now accepting donations through cryptocurrencies.
Some of these organizations are WikiLeaks that focuses on publishing leaked document that are deemed unethical, immoral, or illegal. Red Cross also accepts cryptos which they could use to help people deal with crisis like natural disasters worldwide.
• Online casino gaming
If you’d like to have fun while spending your Bitcoin, then you’re in luck. Crypto-gambling is a sector of the casino industry that is becoming bigger. Many online casinos that offer table games like blackjack, poker, and other games like slot machines and roulette now accept cryptocurrencies for you to make a deposit.
Mars Casino is one of the crytpo casinos that offer many game varieties like craps, blackjack, and baccarat. It accepts cryptos like Bitcoin, Bitcoincash, Dogecoin, Ethereum, and Litecoin. It’s one of the online casinos that are dedicated to cryptocurrency users, and so you can take advantage of the deals that they have for BTC users.
• Travel expenses
Even the travel industry is benefitting from the growth of the users of cryptocurrencies. You can now book flights, hotel rooms, and cruise ships. Booking sites that accept cryptos are Expedia, Cheap Air, and BTCtrip.
What’s nice is that more and more hotels are now extending their payment options to crypto users. Also, in some countries, many local establishments are now accepting cryptos as mode of payments. Restaurants, pubs, bars, and coffee shops are now accepting cryptos too.
• Investments or Supporting startups
This may be one of the most common transactions made with cryptocurrencies. Many startups would fund their businesses by looking for Bitcoin investors who’d like to buy tokens or shares from them.
If you’re someone who’d want to spend your cryptos but still want to make more, money then this is what you should do. Just know the risks and make sure that you’ve seen the startup’s business plan before spending anything.
• Buying products
Many online shops now accept Bitcoins too. Overstock.com is one of the biggest online retail stores that adapted into this mode of payment. It is one of the biggest retailers in the world that accepted Bitcoin in 2014. This is a site where you can buy furniture, jewelry, clothes, kitchenware, and many more.
If you’re fond of using the services of Amazon or Ebay to purchase products, then you can give Forra a try. It’s an e-commerce platform that is dedicated to crypto users.
This is mainly beneficial for sellers as you can sell items here for free. You can also have food delivered and paid through cryptos. Pizza for Coins is a site where you can order pizza from local places. This site gives you over 50 cryptocurrency options to make your payment.
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