2023-06-30 19:37:56
Cryptocurrencies started as an idea to allow friends to quickly and digitally share money with Bitcoin. However, the enthusiasm for the proposed economic model was such that we now have hundreds of cryptocurrencies traded on global trading markets.
Four New Ways to Use Your Cryptos in 2023
The use of these new currencies as means of payment remained quite marginal, until very recently. It is now possible to use your cryptos in many areas, and it goes from being able to order a pizza to placing crypto sports betting.
Here are 4 new ways to use your cryptos in 2023.
1 – The purchase of video games
The video game industry is one of the first to have negotiated the dematerialized shift, in particular because as early as the 90s, PC games already existed without physical support, like the first Doom, for example. Thus, indie games or even big games like Alan Wake 2 which will be released without physical media, may only be available on Steam or other online game services.
As a result, it is no longer rare to find sites that allow you to buy video games using crypto-currencies. It goes even further, as some crypto projects are created for a game like Sandbox. So the items in the games themselves have financial value, one player even spent $450,000 to be Snoop Dogg’s neighbor in a metaverse game.
2 – Online gambling
Whether for sports betting or online casino games, it has been possible for a few years to find sites that accept deposits and withdrawals with various cryptos. Crypto represents a real gold mine for these sites, as they can offer their customers instant transactions with larger amounts and therefore satisfy their players.
In addition to transactions, the online casino sector has developed games specifically designed for use with cryptos. This is the case of Provably Fair games, whose RNG (the random results generator) is publicly hosted on a Blockchain network (usually that of Ethereum, for Smart Contracts).
Thus, each player can make a request to the network to check the RTP of these games and ensure that the casino is acting transparently. Sports betting is also no stranger to the practice and it is increasingly easy to find offers that only cater to bettors depositing with cryptos, proof that currencies are booming.
3 – The trips
As merchant sites are increasingly diversified and competition is fierce, some are trying to stand out and in this regard airlines and tour operators have quickly rushed into the breach. Expedia or Destinia allow you to book your entire stay from the flight to the residence with cryptos. Airlines such as Air Lituanica quickly followed suit to seduce a portion of travelers who did not know how to use their cryptos.
4 – Real estate
The real estate sector is also increasingly open to cryptocurrency, since some companies, especially in the United States, accept them to allow you to buy or rent property. Large real estate groups like Caruso or Arte Surfside have taken the plunge. If these are companies that do multi-million deals, this move might pave the way for smaller deals in the future.
Bitcoin is not the only currency to use
If the best known crypto is Bitcoin, because it is the first, possible online and physical payments are not limited to this single currency. This is a good thing, since Bitcoin is less accessible than other cryptos in terms of price.
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