The Most Popular Ways People Are Using Crypto In Their Daily Lives [In the News]

This article was featured on nairobiwire.com in October 2022.

Cryptocurrencies have made their way into our daily lives. They are no longer something that only a small group of people use, but it’s something that more and more people are investing in and buying on a daily basis. 

Crypto has become a big part of our life and there are now several things that one can buy using bitcoin and other cryptocurrency.

Let’s have a look at the things you can purchase!

Buy A Yacht To Take Your Friends And Family On

OK, when I said ‘have a look at the things you can purchase’, I didn’t mean that you would necessarily be able to afford these items. Sure, you can definitely buy a yacht using crypto, but you need to have sufficient funds for that. 

Let’s for the sake of this article assume we can all afford a yacht, let’s see how we can buy a yacht that will leave everyone jealous!

One company, Denison Yachting, made paying for yachts with bitcoin available to its customers. The president of the company spoke about the advantages that paying with bitcoin had on its customers. 

It allowed for the customers to send him the money any time of the day since there were no restrictions like when transferring money from a bank.

It also provided them with another layer of security over their money as their transactions could not be linked back to them.

Gamble In Online Casinos

The gambling industry has been completely re-invented thanks to cryptocurrency.

Players are seeing the benefits that paying with crypto provides them with, so many have shifted from the traditional modes of payments to paying with bitcoin.

Below are some of the advantages that the greatest bitcoin gambling sites in 2022 are able to offer their customers:

* It’s a decentralized currency – Due to the fact that there is no centralized regulatory authority involved in the system, no one will be able to take your Bitcoins from you or block your ‘crypto account.’ You are in charge of your finances and have ownership of your money.

* Secure transactions – Transactions based on Bitcoin do not require the submission of any personal data, which shields users from the risk of identity theft. There is also no possibility of a chargeback happening because Bitcoin transactions are irreversible once they have been sent. 

This means that the transaction cannot be undone or changed from the way it was logged in Bitcoin’s public ledger. As a result, there are fewer risks for businesses who conduct business using Bitcoin.

* Convenience and comfort – Gambling using cryptocurrency offers a high degree of convenience. The traditional means of gambling can be rather difficult to navigate, particularly if you are trying to play while located in another nation. With cryptocurrencies, on the other hand, all you need is access to the internet and a digital wallet to get started. After that, you are free to bet whenever, wherever, and however you like, regardless of the time of day.

Buy The Hottest Car On The Market

Even though there are not nearly as many ways to buy a car with cryptocurrency as there are with the conventional method of buying a car, it is nevertheless possible to buy a car with cryptocurrency.

By giving customers many ways to pay with virtual currency, automobile manufacturers, such as Tesla, have contributed to the progression of normalizing cryptocurrency as a legit mode of payment.

Have a look at some of the car brands you can purchase:

* Tesla – In the field of car production, Tesla is regarded as a revolutionary company. These vehicles, in contrast to gasoline cars, do not require regular maintenance such as the replacement of spark plugs, fuel filters, oil, or other emission control parts.

* Maserati – Many argue that the Maserati is the perfect ride, and who could argue otherwise? Maserati promises to deliver dynamic driving that is on the more athletic side thanks to its one-of-a-kind driving style and attitude. Maserati continues to tease a new car which is expected to hit the market soon, so start saving!

* Lexus – These high-end playing cards offer a level of perfection and complexity that is unattainable by other automotive manufacturers. In addition, the high-end amenities and beautiful appearance that come standard on Lexus vehicles help to make this brand one of the most sought-after in the automobile market. The Lexus brand offers more than simply an aesthetically pleasing and luxurious ride experience.

Buy A Luxurious House

Once the sale has been agreed upon and all paperwork has been completed, you will be able to transfer the bitcoin equivalent of the home’s price and send it to the seller’s address if the realtor is prepared to accept BTC directly for their property.

You won’t be able to transmit Bitcoin directly to a seller if you locate one who will accept it indirectly in exchange for their goods.

Benefits of buying a house with bitcoin:

* Obtaining a stable asset – the price of bitcoin is known to fluctuate and be unstable. Therefore, you are paying for a more stable asset (the house) with a less stable asset that is at risk of fluctuating (bitcoin).

* Potential discount – should the  realtor be comfortable with accepting bitcoin as payment, they might be willing to give you a price break. It has become increasingly popular for companies that take bitcoin, particularly those that actually retain the digital currency on their accounts, to provide discounts to customers who pay with bitcoin.

Pay For Your Delicious Meal

Finally we have something that the majority of people can definitely afford.

If you want to feel like a millionaire but actually have a couple hundred of thousands in your bank account, you can pay with bitcoin to get that extra edge!

Several restaurants around the world have started accepting crypto as a way of payment.

So, before you head out to eat, do a quick google search to see if the restaurant or establishment accepts cryptocurrency payment!

Concluding Thoughts

With the way the world is progressing, we only need a few more years until bitcoin has solidified its way into our lives.

Just like how our grandparents used to give us money to go buy sweets, they’ll start transferring bitcoins to our accounts to make purchases with!