Peculiar Uses of Cryptocurrency

Since digital currency exploded into the world with Bitcoin in 2009, people from all corners of the planet have been gaining a firmer grasp on what cryptocurrency is, how it works, and most importantly, what it can be used for. It is safe to say that cryptocurrencies such as the aforementioned Bitcoin, Ethereum, Litecoin, and Dogecoin are very much part of the financial fabric that governs our everyday lives. It remains to be seen if, and when, cryptocurrency will play a more prominent part in society, but there are already many uses for digital currency.

Papa pizza history

On 22^nd May 2010, the first ever cryptocurrency transaction was carried with Bitcoin. Laszlo Hanyecz paid 10,000BTC for two Papa John’s pizzas, and in doing so, became the first person to make a crypto payment. Back in 2010, pizza was a harmless item to purchase with a currency that barely anyone understood. However, since then, the use of cryptocurrency has evolved wildly and extended its use to larger industries such as automobile and real estate. High value items such as sports cars and luxury property can be purchased with cryptocurrency. Or why not try and get yourself a ticket to space with Virgin Galactic and crypto.

Uses you probably did not think of…

While cryptocurrency has gained a strong foothold in the purchases of every day and mainstream items (we are not saying that space travel is mainstream though), like high streets shops and e-commerce stores, there are other uses of cryptocurrency that do not appear in everyday scenarios. The wide spectrum of interests exuded by individuals around the world is replicated in the greater uses of cryptocurrency. See if any of these take your fancy.

Online casino

The crypto craze is fuelled by a society that is becoming ever increasingly digitalised, and the same can be said for the online casino industry. It is still possible to step into one of the many land-based casinos located up and down the UK, but online casinos are emerging in their droves and offering a more convenient alternative for casino action on classic games such as blackjack, roulette, and poker.

Where does cryptocurrency fit into this you ask? The digital nature of cryptocurrency lends itself perfectly to power online outlets such as online casinos. With secure and rapid blockchain technology, casino enthusiasts can play with a range of cryptocurrencies and even receive certain incentives and bonuses linked to use of a particular currency. Binance at Cloudbet is an example of a dedicated channel for this particular coin that offers the full range of casino games, sports betting options, and even Esports markets.

Owning cats with crypto

Remember Tamagotchis? The little egg-shaped devices that allowed you to breed and take care of digital pets. Nowadays, people can breed, customise, dress up, and play games with CryptoKitties by using cryptocurrency to buy cute accessories, new hair styles, or outrageous outfits. The concept of cryptocurrency was initially popular due to the feeling of ownership. With the ability to take advantage of blockchain technology’s ability to create gaming experiences, as well as make purchases for your furry friend, cryptocurrency is extending its benefits of ownership to digital feline owners. CryptoKitties has emerged as a hugely popular use of cryptocurrency and is also a strong indication of the potential of digital currency and the ideas it can create in the online world.