The world’s leading cryptocurrency, Bitcoin, has been making headlines for years due to its continually upsurging value and its claim to represent the future of electronic payments. Whatever you think of these claims, you’d be mad not to get involved in Bitcoin. It’s an incredibly useful, slick and easy-to-use resource that is, more and more, accepted in online marketplaces. This short guide shows you four ways that you’ll be able to use your Bitcoin to enhance your life, streamline your spending, and race towards a future without physical cash money.
The first tip is also the simplest and the most-often given: it’s to buy or mine Bitcoin and sit on it. Everyone’s heard the apocryphal tale of the man who regretfully scrapped his computer only to find out he had $1m of Bitcoin on it. It continues to increase in value, which means that Bitcoin investments are a savvy place to store your liquid assets. There are plenty of reports online to show you how to do this and what to look out for in price fluctuations, but making this investment at this time could make you a good amount of money in a more cryptocurrency-dependent future.
P2P stands for peer-to-peer payments, which are usually small transactions between friends and family. Bitcoin is the perfect medium through which to pay these small debts, removing the need to search for small change or process a bank transfer. All you need is for all parties to own a cryptocurrency wallet and you’ll be able to make P2P payments instantly, whether that be after a meal, to contribute towards a cab, or to pay a friend for gas.
Where once you’d have to link your bank account with a gaming platform that charges, Bitcoin is now replacing integrated banks. One of the big benefits of using Bitcoin is that it’s anonymous, meaning that your expenditure on gaming is discreet. So whether you’re interested playing a little bitcoin dice, or you’re looking to spend some money on mobile apps, you’re able to use Bitcoin to fund the gamer inside you without going down traditional and often laborious channels. Check out the array of Bitcoin games on the internet once you’ve established your wallet. You’ll be surprised how many accept this new form of currency.
If you happen to own a business, a mark of your tech-savvy management will be to accept Bitcoin payments. Doing so will communicate a cutting-edge, with-the-times quality and will also stand you in good stead to accept what is a growing payment method worldwide. As Bitcoin is untethered to global currency rates, it’s a truly international currency in decimals global shoppers understand. Additionally, you won’t lose any money on needless conversions when you accept payments in Bitcoin. It’ll land instantly in your wallet for you to cash in on or spend in your own time.
Bitcoin may well be the future of global payments, so get your wallet sorted today and enjoy the multiple benefits of living with cryptocurrency payments at the touch of a button.