7 Real World Applications of Cryptocurrency

Despite the volatility and turbulence in the cryptocurrency market, cryptocurrency has been ruling several verticals besides peer-to-peer payments.

Having said that, it has innumerable real-world applications. It won't really come as a surprise if cryptocurrency takes over every industry in the nearest future considering the current growth and expansion.

Cryptocurrency Beyond Peer-to-Peer Payments

Cryptocurrency Beyond Peer-to-Peer Payments

According to a well known cryptocurrency entrepreneur and crypto evangelist, cryptocurrency has opened new doors for him.

He says, “What cryptocurrency did is something interesting. It helped me contextualize my life, it opened new semantics for many business ideas. I could now connect dots and see the common strand of all the ventures I did earlier”.

Cryptocurrency has changed the life of not just one but many.

Let's have a glimpse of a few industries that are already transacting in cryptocurrency.

1. Real Estate : Blockchain has made buying property with cryptocurrency possible. Propy.com is one such website which facilitates the buy and sale of property with cryptocurrency.

Moreover, MyCoinRealty.com is another website which advertises homes that can be bought with bitcoin. Many people across the globe have set examples by buying their homes and land at different nook and cranny of the world with bitcoin.

2.

Travel Industry : This is also one of the most exciting realms where cryptocurrency is accepted. As an example, we can consider Cheapair.com which has been accepting bitcoins since 2013 for the booking of hotels, flights, cruises, and car rentals. Therefore, a bitcoin sponsored tour is no longer impossible now.

3. Education : The education industry is also not left behind in terms of accepting cryptocurrency as a form of payment. The University of Nicosia in Cyprus has been accredited as the first educational institution to accept tuition fee and other fees in bitcoin through Bitpay.

Eventually, The King's College in New York, the University of Cumbria in the UK, and the European School of Management and Technology in Berlin joined the league. Lucerne University of Applied Sciences and Arts in Switzerland and FPT University in Vietnam are the two recent additions.

4. Gaming Industry : مستقبل عملة كاردانو Cryptocurrency has unveiled new possibilities for game developers and publishers. While some online games accept transactions in cryptocurrency, games like ORB project enables its players to transfer their in-game cash into digital assets.

5. Retail : The retail industry has also started accepting cryptocurrency for its transactions. Overstock, a renowned online shopping center accepts Bitcoin as a mode of payment for the goods that it sells.
6.

Restaurants : Fast food restaurants are also actively promoting the acceptance of cryptocurrency. Subway, a major fast food chain, is accepting cryptocurrency as a form of payment. Likewise, in Downtown Toronto, you can have a cup of coffee at Snakes and Lattes by paying your bill amount in Bitcoin. Pizzaforcoins is yet another company that accepts crypto payments- they accept almost 50 types of cryptocurrencies which is quite amazing.

7. Social Media : Gone are the days when all you could do on social media is express your thoughts and feelings. You can do beyond that. Currently, social media has progressed to an extent that you can even earn here, whether jobless or looking for an extra income.

There are many such social media websites. Vanywhere is a platform which utilizes blockchain technology. It is a gig monetizing platform that uses the blockchain technology to connect users having specialized skills to the users who are in need of that skill-set. Transactions on this platform are done through cryptocurrencies only.

Besides the ones mentioned above, there are other industries too which have gained traction to the crypto arena. We do have a clear picture now that cryptocurrency has uses that not only benefit the cryptocurrency entrepreneurs or crypto evangelists but also the crypto community as a whole.

Hemant Jadhav is a crypto and blockchain writer with an expertise in technological content.

Besides being a and an avid learner, he is an excellent content marketer. He wrote this article to educate his readers about Cryptocurrency Beyond Peer-to-Peer Payments..

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