I’m sure that you have heard about Bitcoin and Crypto currency, right? Some of you might be wondering why other people invest a lot in this kind of “unstable business”. Well, allow me to enlighten you with the uses of crypto currency.
The Uses of Crypto Currency
1. De-corrupting for Charities
It can’t be denied that some charities are being corrupted by some people. With crypto currency, it is safe for people to send money to charities without the fear of being corrupted. Some charities use block chain in order to distribute donations to the needy.
2. Travel and Education
Using bitcoin for payments is not just limited to trading. It could also be used to pay for travel tickets and education. There are selected websites which accepts bitcoin as payment as well as some online academies which offers bitcoin as a method for paying tuition fees.
3. Wealth Management
This is the most usual reason why people go for crypto currency nowadays. People are investing and trading bitcoins because of its big value. There was even a time that one bitcoin was equivalent to $10,000. Big amount? I know right. In order to gain wealth through Bitcoin, one must not be afraid to invest. Yes, this involves investment. You have to spend money first to buy bitcoins and trade them if you want. But for this, you have to be very careful when trading or else you’ll find yourself crying because you lost a lot of money.
4. Safe to Use
It is fast and easy to use. Using cash requires time and effort to be sent to different people especially when you’re from different countries. Now, this crypto currency makes the task easier and more convenient. Internet is already becoming a necessity for people around the globe. With this, you can send bitcoins to your loved ones or to different merchants even without leaving your seat. It is also safe because the Government can’t take it away from you — corruption-free.
With Bitcoin usage skyrocketing, it may be a bit scary to invest a huge sum of money. But when you really think about it, crypto currency has a lot of uses. These are just some of the most common uses why people invest on it. There are still more when you dig deeper into it.