Cryptocurrencies have taken the world by storm over the last decade, as more and more people seek out new and innovative ways to conduct transactions, store wealth, and explore alternative investment options. While Bitcoin, the world’s first cryptocurrency, may still be the most well-known, a whole host of other digital assets have emerged in recent years, each with their own unique features and use cases. Today, we explore how crypto is being used around the world and what this means for the future of finance and economics.
Payments
Perhaps the most obvious use case for cryptocurrencies is as a means of payment. While some traditional payment methods, such as credit cards and bank transfers, can be slow, costly, and subject to fraud, cryptocurrencies offer a fast, secure, and often cheaper alternative. Merchants around the world are beginning to accept Bitcoin and other cryptocurrencies as a form of payment, and some even offer discounts to customers who pay with digital assets.
