With so much interest being focused on cryptocurrency, people are asking wondering what it can be used for. Of course, as many have proven, it can be used for investment purposes.
The world of business is slowly waking up to the idea of accepting various types of cryptocurrency for payment for products and services, although this doesn’t mean that every business is now willing to accept it or recognize it as a source of currency. However, there are ways in which you can enjoy the cryptocurrency that you have while still holding on to some as an investment.
#1 Purchase gift cards
You can, for instance, purchase gift cards to spend with brands such as Uber, Hotels.com, and Home Depot. This means that you do not have to worry about cash or card transactions. All you will need is a BitPay or Coingate account and to download the app to your cell phone. BitPay and Coingate deal with a large selection of cryptocurrencies as well as offer gift cards for a large number of businesses.
Of course, there are more than just these two companies mentioned here, and it is totally up to you which you select to use to make your purchases. This will provide you with plenty of opportunities to make full use of your cryptocurrency in your dUsay-to-day living.
#2 Buy certain vehicles
With this in mind, you will also find that you can purchase certain makes of vehicles, either by using the aforementioned BitPay or Coingate or by purchasing from a local garage or showroom. In fact, you can purchase cars such as Lamborghini, BMW, Porsche, and Chrysler straight from your local dealers, although, of course, there are other makes and models available to you.
If you are looking to use your cryptocurrency in this way, you should research your options thoroughly before making your final decision.
#3 Play at online casinos
You can also enjoy your leisure time by using your cryptocurrency to play in online crypto casinos. However, you will have to be aware of your location. For instance, there are some states of America where it is illegal to play in casinos, either online or land-based, and crypto casinos are illegal across the country.
Not only this, but even in the states where gambling is legal, you will also have to keep in mind that some online casinos are not regulated, unlike land-based ones. So long as online gambling is legal in your state and you choose a reputable licensed online casino, you’re in good hands. As such, when choosing to play in a real money online casino, you should choose a casino that is licensed in the state that you are currently living in.
So, to wrap it all up
So, as you can see, there are ways in which you can spend your cryptocurrency should you wish to whether you choose to use it for practical reasons such as DIY purchases, treats as in vacation bookings, or enjoying your leisure time either by owning a fantastic new car or spending time in an online crypto casino – of course, so long as it’s legal where you live.