The 5 Most Practical Uses For Crypto in 2018
Cryptocurrency is all the buzz… But what can you actually do with it?
By now, theres a large chance that anyone reading this, has at least heard of cryptocurrencies. You’ve probably heard of bitcoin, the rise and fall of the market, people becoming millionaires, and people becoming, well, broke.
However, amidst all this confusion and buzz, what can you actually do with cryptocurrencies?
Mainstream cryptocurrencies like Bitcoin, Ethereum, Litecoin and many more have seen loads of adoption cases.
Shopping online, buying lambos, traveling the world, retail purchases, and more are all different use cases for crypto that have been publicized in some way.
For the beginner investor and “HODLER” though, it can be easy to get overwhelmed. In this article, we’ll be discussing 5 practical and easy ways to use your cryptocurrency in 2018.
1. Low Cost Money Transfers
One of the most efficient and practical uses of cryptocurrencies, is the access to low cost money transfers.
Never in the world of banking has it been faster and cheaper to send $$ across the internet. Users sending or receiving cryptocurrencies such as Litecoin or Bitcoin can expect transfers completed in seconds, with tiny fees compared to bank and PayPal transfers.
Will sending cash through crypto become a norm? Maybe, but not yet. Until mainstream financial applications adopt it, it will remain niche, but very useful and affordable nonetheless.
2. Invest in Exciting ICO Startups
Initial Coin Offering startups and projects are building the foundation for future blockchain companies. Talented developers and product managers are joining together to continue to use blockchain to revolutionize different industries.
The route that most of these blockchain startups have been taking to get funding, is not through a typical seed investment round — but through ICO’s.
Initial Coin Offerings are the publics way to get in early on exciting projects. By buying tokens or coins, you’re not only supporting the ICO and it’s project, but you’re securing a potential investment for yourself later down the road.
3. Send Private Transactions
What drives some people to use crypto instead of regular cash/credit?
Anonymity. While all cryptocurrency transactions are public information available on ledgers, the transfers themselves are kept completely private.
This level of security and anonymity gives customers a sense of trust and confidence when making large purchases or purchases with fraud/identity theft risk.
4. Get Paid in Crypto!
For creators, developers, freelancers and more, there are dozens of ways you can get paid in cryptocurrency.
In fact, there are dedicated platforms and websites set up, allowing you to already to just that. Platforms like Steemit and Brave utilizes decentrilization and allows it’s creators (including you!) to be able to share and gain publicity on their work, and get paid for it in, in crypto of course.
Apart from these dedicated platforms, more and more clients are open to accepting specific cryptocurrencies as payment because of it’s low fees, fast transfer speeds, and growth potential.
5. Investing/Holding
The most popular current usage of cryptocurrency is simply investing and/or holding it.
Crypto’s rise to fame in the past couple of years, is due mostly to it’s incredible and exponential growth runs.
If you’re willing to withstand the lows, and be smart about which coins you choose to invest in, there can be enormous growth potential.
Conclusion
Cryptocurrencies are still in their infant stages at this point. There is so much growth and innovation ahead that it can be tough to look in the moment about what crypto can provide us with.
Even if you’re completely new to cryptocurrencies, or overwhelmed by the complicated buying/sending processes, take it slow and give it a shot.
You’d be surprised by how much crypto can become a daily part in all of our lives.
CryptoLaunchPad.io is a rapidly growing service agency for ICO’s and Cryptocurrency Companies, providing ICO advisory, independent due diligence, investment banking, and marketing services.
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