Where Cryptocurrency is used?


Since I am new to cryptocurrency and came to know about it from a friend in the UK, I wish to know where is cryptocurrency used? What is cryptocurrency used for?

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Moris Johnsons 3 months 1 Answer 67 views 0

Answer ( 1 )

  1. To most people, cryptocurrencies are typically thought of as high-risk investments for millennials and Silicon Valley insiders.

    However, what is getting somewhat lost amid the hype and speculation is that most decentralized digital currencies, such as bitcoin, were created to ‘do something’ and so have a wide range of powerful use cases. Here are some of the uses of cryptocurrencies:

    Low-Cost Money Transfers
    A censorship-resistant alternative store of wealth
    Invest in innovative early-stage startups
    Make Private Transactions
    Send Non Cash Remittances
    Get Paid to Post Content
    Rent out Your Spare Hard Drive to the Cloud
    Travel the World
    Buy a Lamborghini or a House

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