When you hear anyone talk about cryptocurrencies, it’s easy to assume that the person in question is a crypto “bro” or someone who is otherwise deeply involved in the world of digital currencies. After all, crypto is very much one of those topics which seems to divide people into true believers and arch skeptics. There doesn’t seem to be much middle ground. And yet, the existence of crypto is somewhat reliant on it spreading out beyond a narrow crowd of people and finding other use cases. Quietly, it does seem to have done precisely this, appealing to a wider range of people for everyday uses you may not have expected.
In years to come, the success or failure of crypto will be decided not by those of us who trade it as a commodity or believe it is a replacement for fiat currencies. It is likely to be the use of, and the attitude towards, crypto that will decide how it performs in the wider world. And it is therefore worth looking more specifically at the ways it is used by everyday people before we truly judge whether crypto is going to have its part to play in the future of humanity.
Crypto betting
As betting grows across the world, more and more people are beginning to see it as a pastime with a lot going for it. However – not unlike crypto – betting is a subject that divides people, and bettors are reasonably keen to protect their privacy and anonymity. Many of the casinos you’ll find at wishcasinos.com offer crypto payment methods and general betting in crypto. This means there is no need for betting transactions to end up on your bank statement, if you would rather they didn’t. In addition, crypto payments are much faster and safer than any other form.
Peer-to-Peer transactions
Sending money to friends and family is something that will always need to happen. Whether it’s a loved one in trouble, or just a gift for a family member, the world is full of transactions that happen across miles and continents. Increasingly, this is something that is happening using crypto, especially in places where it is often hard to get access to banking in the conventional sense. Many countries that exist under sanctions, for example, have unreliable banking systems, and crypto allows people to circumvent those systems.
In a lot more places than you’d think
In truth, the supposed lack of usability that people claim for crypto really isn’t as critical as it’s cracked up to be. There is a surprising list of places where you can pay using crypto, which includes Microsoft marketplaces, Starbucks and AMC movie theaters. Sure, there will be some lag until such time as it is useable everywhere, but crypto is already more useable than people tend to believe. That’s something that is only going to expand as years go by, particularly if there continues to be pressure on fiat currencies from what is an increasingly unstable geopolitical landscape.