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With Coinbase and Visa launching their cryptocurrency debit card next year in the US and PayPal allowing the world to buy, store and sell crypto on their platform in 2021. The possibilities of what you could buy and do are endless, but here are the top 7 things you could do using cryptocurrency:
1. Video Games
The video game industry shares many similarities to cryptocurrency, such as people’s refusal to accept it as a legitimate industry when it first became mainstream. Along with video games having their own in-game currency which mimics cryptocurrency.
Buying video games or the new game consoles like the PlayStation 5 or Xbox Series X would be a great way to start spending your cryptocurrency.
2. VR Headsets
VR technology is growing at an amazingly fast rate, and just recently the industry made a tremendous step forward. Last month Facebook released their latest headset, the Oculus Quest 2. The Quest 2 has not only blown away the expectations of the public, but Facebook was incredibly surprised by the number of people wanting to buy their headset.
VR is the future of both gaming and working, so getting in on the market now is a great way to make sure you are not left behind.
3. Petrol
Petrol is something everyone needs in this day and age. Hence, it makes sense that this would be one of the things people would use their cryptocurrency to buy. Especially with the rewards you can earn by using the Visa crypto debit card.
4. Car Registration
A common concern people have is paying their car rego which depending on what car you drive and your license history, it can run pretty high. Paying for your rego with cryptocurrency would be fast and straightforward compared to traditional currency.
5. Food
The weekly shopping trip is something every household does. Still, the most annoying thing that can happen is being stuck behind someone at the checkouts that is taking forever to pay with cash. If they were using cryptocurrency, the payment would be instantaneous and get you out of there and home much sooner.
6. More Cryptocurrency
One cool thing you can do right now is trade your cryptocurrency for another, and in the future, it will become much easier and faster to do. You can do this if you want to change from say Bitcoin to Ethereum if you feel one will do much better going forward.
7. Gambling
One of the first industries to embrace cryptocurrency was the gambling sector, specifically online gaming casinos. Online casinos love cryptocurrency since it is instantaneous, and they can track where it is being sent to avoid any kind of fraud.
Cryptocurrency is one of the most versatile things in the world, and the uses for it will only grow as more industries start accepting it. Very soon, the world's economy will be digital with CBDCs on the rise and with the mass adoption of cryptocurrency continuing to sweep the world.
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