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Exploring alternative uses for Crypto Currency

For many people, the concept of crypto currency is still somewhat shrouded in mystery. Some view it as an alternative to traditional financial systems, revolutionizing the way we make transactions. Others are more skeptical, viewing it as a volatile and risky investment. However, there are many other potential uses for crypto currency outside of the realm of investing and monetary transactions. In this post, we’ll explore some fascinating alternative uses for crypto currency that you might not have considered.

1. Charity Donations

Crypto currency is an excellent way to make charitable donations. Because it’s decentralized and unregulated, donating crypto cuts out the middleman and gives more control over where your donation goes. It also eliminates fees associated with exchanging fiat currencies. A number of charities now accept crypto donations, such as the American Red Cross and the Water Project.

2. Mobile and Online Gaming

Crypto currency is increasingly becoming integrated into the online gaming world. In particular, blockchain technology allows for the development of digital assets that can be used across multiple games. These assets can often be traded for other crypto currencies or even fiat currency. Some popular blockchain gaming platforms include Enjin and Gods Unchained.

3. Real Estate

Real estate is traditionally a slow-moving market with high transaction fees. This makes it the ideal industry for disruption by crypto currency. By using crypto, real estate deals can be executed more efficiently and quickly, without the need for intermediaries. Additionally, the immutability of the blockchain could help to reduce the risk of fraud.

4. Art and Collectibles

In recent years, we’ve seen many high-profile cases of art and collectibles being sold at astronomic prices, including digital assets such as CryptoKitties. Art can be registered on the blockchain as a unique asset, making it easier to buy, sell, and authenticate. This could potentially revolutionize the art world and make it more accessible to collectors and investors worldwide.

5. Online Identity Verification

Verifying your identity online is often a frustrating and time-consuming process. Crypto currency could offer a solution to this problem by providing a secure digital identity that can be easily verified across different platforms. A number of companies are already working on this concept, including Civic and uPort.

As you can see, the potential uses for crypto currency are numerous and varied. From charity donations and online gaming to real estate and identity verification, crypto could potentially revolutionize a number of industries. Whether you’re a seasoned crypto investor or simply curious about how it could be used in different contexts, there’s no doubt that crypto is an exciting and rapidly evolving field. So, keep an open mind and explore the possibilities!

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