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Cryptocurrency is often used to help money grow and to be cashed out at the opportune moment, which, as you can well imagine, can be a key point in an individual's financial journey. However, as the popularity of cryptocurrency is increasing, so are its uses. It can be used in a huge number of ways and therefore has more potential to grow as a universal currency.
#1 Online gaming
Cryptocurrencies can be accepted as a form of payment for some apps that offer in-app purchases. This can be used in a huge amount of games, too, potentially at a real money online casino in the US. As well as possibly being used to play slots and table games, they can make transactions easier and make playing suitable for everyone who might not have access to other payment methods.
#2 Cars
You can use cryptocurrency to pay for cars. While this might seem like very good news, this is a bit of a risk for both you and the dealer. This is because as crypto prices change very frequently, it might turn out that you spent a lot of money on the car and the dealer got a huge paycheck out of it, or it might end up that you pay less for your vehicle and the dealership loses out, depending on how the markets turn out.
#3 You can transfer large amounts of money without needing a bank
You can move cryptocurrency around without needing to use a bank. This can be a great way to move large amounts of money on a worldwide scale, which can be transferred into any currency or kept the same at the other end of the transaction. This can be great if you live a long way from your family and you need to get some money quickly.
#4 You can buy all sorts of luxury items
Holidays can be paid for with crypto, and another huge market jumping onto the crypto market is timepieces. You can pay for all sorts of watches using cryptocurrency, which can be great for all parties involved. It helps the business with transactions, and it helps them attract more customers from all over the world, provided they have updated their checkout process to accept digital currencies.
#5 You can have a crypto debit card
Of course, for all of this, you might want a secure place to keep some of your balance. You can use a crypto debit card that you can fill up when you are running low out of your eWallet to help make transitions easier. This can be good if you spend a lot of money in big chunks, as it can help you manage your wealth more effectively.
Final thoughts
There is a lot you can use your crypto for besides investments. This can be paying for things using a crypto debit card, such as cars, luxury timepieces, and online gaming. Or it can be to transfer large amounts of money securely to people all over the world, without the need for a bank.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.