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The Different Uses of Crypto

There is a reason as to why many people are very much drawn to using cryptocurrencies. With its impressive values, people have started to invest in crypto that they may keep inside their digital wallets.

Among the reasons why it has grown so popular, aside from it being new, is the fact that it is really useful. With that, let us guide you through a quick list of the most popular uses of crypto which you can also enjoy!

Investment

Throughout the years, crypto’s popularity has been on the rise, making its value grow exponentially. Although some forms of crypto have a low value, some like Bitcoin and Ethereum have a really high monetary value that is worth it if you watch it grow more valuable.

Non-cash remittances

With crypto, you can send money to places which are across the globe in just a span of a few minutes. Considering that it is digitized and decentralized, you can definitely expect your money transfers to be finished quickly and efficiently.

Another great thing when doing remittances is the fact that the transaction fees are very low (sometimes, there’s even none!). This is very much unlike sending money through financial intermediaries where the fees are high and the process of money transfer really takes a long time.

Private transactions

Aside from fast processing, crypto also allows you to keep your transactions private. One great thing about crypto is that although all transactions are kept clean in the blockchain, your personal details may actually be kept anonymous.

So, if you’re planning to send a great amount of money without wanting to answer questions like the reasons behind your transactions, you should use crypto. Here, all of your transactions can take place instantly as you’ll no longer have to undergo some minutes of interviews from the bank.

Play games

Crypto can also help you enjoy your free time! With the rising popularity of crypto came the existence of several online sites and apps that enables its players to actually play a myriad of games while lett

These type of sites also tend to give its users their own digital wallet to help the players store the winnings that they have earned by playing more games.

Mode of payment

Of course, crypto was not called a crypto asset without any valid reason. Considered as an asset, crypto may actually be used to pay for your transactions. As its existence becomes more normalized, more and more establishments tend to accept crypto as a form of payment.

Gladly, crypto may now be used to pay for your groceries, for your online orders, for your plane tickets, or for your new car. Although some businesses have yet to accept crypto as a form of payment, there are already a lot which has openly embraced the use of this rising digital asset to further cope with modern advancements.

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