When Satoshi Nakamoto first made Bitcoin, he never thought of it as a currency. He was inventing a peer-to-peer electronic cash system. Today, in 2018, cryptocurrency is common, in which Bitcoin, Ether etc leading the way. Cryptocurrencies are actually limited entries in a database, which can only be changed by fulfilling specific conditions. Like paper currency, they are not centralized, and this is what makes it fascinating. Last year saw a surge and drop pattern in Bitcoin and other crypto currencies. And so, people started investing in it.

So, where actually can you use these currencies? Check below :

1● Invest in new & exciting start-ups

A new form of fundraising is ICOs or Initial Coin Offerings. Through this, startups can raise capital by selling digital token to early backers or investors in exchange for cryptocurrencies such as Bitcoin and Ether. It has helped in raising over $ 12 Billion in 18 months of its launch.

Now, anyone with an internet connection can become an investor through ICOs.

2● Send money without paying heavy transaction fee

Probably, cryptocurrencies are mainly used for this purpose. The transaction fee of Bitcoin Cash, Litecoin, Stellar, Ether, etc is so low, that it makes them the best method for international money transfer. Through exchange like, Coinbase and Gemini you can even change cryptocurrency to USD, EURO or any other currency.

3● Travel using Cryptocurrency

Why pay in cash, when you can use cryptocurrency! CheapAir and Expedia are two big names in Travel Industry, who accept cryptocurrency. Both accept only Bitcoin for their accommodation and flight bookings. They provide luxury flights across the globe.

Expedia provides complete holiday packages as well complete with car rental, accommodations etc.

4● Make private non-censored transactions

There are currencies such as Zcash (ZEC), Monero (XMR), and PIVX (PIVX) which focus on privacy. They enable their users to make anonymous financial transactions.

So, without getting into complex bank’s rules, unnecessary bureaucratic process, and without explaining source of fund, one can transfer a large amount of money.

5● Buy a sports Car or any other luxury product

Da Louvois, also called Bitcoin luxury supermarket, lets you buy high-end Super sports car. This includes Bitcoin Rich’s status symbol Lamborghini too.

It also offers a range of luxury products which include Aircrafts, Fine Arts, Antiques, Old Wine, and even Real Estate!

Now even you can use cryptocurrency XVG, to watch P*rn :D

Cryptocurrency is the future, though it will not become a real currency in near future. Still, it allows investing and growth. With more technological advancements, and countries like Dubai are already bringing their own Blockchain based cryptocurrencies, Bitcoins and others will compete for the better good of users.

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