New Trends in Cryptocurrency Use

With the advancement of blockchain technology, cryptocurrency will become even more relevant for online banking and voting. Even as it stands, the potential for practical use of cryptocurrencies is no longer such a vague idea. Aside from simple online shopping, cryptocurrencies are a viable solution for consumers who want to buy almost anything from a major retailer, including Microsoft and Starbucks. Here is a rundown of the trends in the use of cryptocurrency.

The online game

You don’t even have to think twice before pointing to online games as the walking ground for cryptocurrency enthusiasts. Playing BTC blackjack games it is one of the hottest trends. Online, paying with cryptocurrencies has almost everything working in your favor, except perhaps the trade-off that regulation isn’t that strict. If you know how to moderate and how to do your due diligence, you can enjoy playing for real money with BTC, ETH and Dogecoin, among other tokens.

Purchase of software and technology

Microsoft was one of the first visionaries to start supporting cryptocurrency payments in exchange for games, software, and other products on their online store. Indeed, Microsoft’s move to adopt Ethereum payments was one of the things that skyrocketed. Additionally, Microsoft plays with the idea of ​​integrating ETH technology to fight piracy.

Subscription to news media

You know how many times this happens – you read an excerpt and proceed to scroll down to read the rest of the article, only to find that you need to earn that privilege by becoming a subscriber. Well now it’s super easy to do if you have a Bitcoin wallet. In general, cryptocurrency news publishers have always accepted payments in BTC and ETH, including BlockTelegraph and Grit Daily. There is a trend, however, that the mainstream media accept Bitcoin subscription payments, which only scratches the surface of the things you can buy with Bitcoin.

Buy merchandise online

Overstock, the online retailer that can settle for literally anything, enabled Bitcoin withdrawals in 2014. You can find offers of all kinds on the site. An interesting case is Etsy, which has yet to start accepting Bitcoin payments. Most users seem to be content with contacting sellers directly and asking them if they accept crypto payments. This seems like a developing trend, particularly relevant in the artist community.

Buy NFT

What are NFTs, besides a record in creating confusion? The non-fungible token system using blockchain technology is very useful for transferring ownership of digital or physical assets. The art community is particularly fond of creating NFTs for the purpose of selling them to collectors, including implementations on VaynerNFT, Magic Eden, and ViciNFT. It doesn’t matter if you’re a collector or an artist, it’s only worth trying after you’ve done your research.

Cryptocurrencies as an investment

With prices so volatile, you never know when will be a good time to hold your assets before better days come. The famous “hodl” mindset may not be for you, but it’s worth putting things into perspective. If there has ever been a time when no one in the investment world can multiply their money, it is now. Any altcoin has that potential, but it’s a bet; there are no two ways to do this. Either way, many people rely on Bitcoin, even more valuable than it is now and happily getting rid of BTC tokens.

Lower transaction fees for businesses

Way back in the year 2014 (due to the short history of blockchain as a concept), PayPal leapt deep and started advocating for the use of cryptocurrency for businesses. Only recently has the payment processor enabled the “Checkout with Crypto” option. By opting for a crypto payment, the user’s assets are sold and converted into fiat currency, which is then used to process the payment. However, the processor tells us that not all purchases are eligible for this option, but it is a big step forward for proponents of blockchain technology.

A continuously improving technology

Amid allegations that supporting the blockchain would have caused an ecological disaster, prices have dropped and users have been strongly discouraged from buying software with Bitcoin. Taking a page from TRON – the ecological blockchain, many other cryptocurrency companies have made a substantial effort to migrate to a more energy-saving ecosystem. Some key players are not out of the woods yet, but are slowly adapting to the requirements for greener technologies.

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