Recent years have seen crypto currency investors snatching headlines as their wealth got multiplied overnight. Many new investors have come to invest in the speculating money making process, but give it another thought due to various hindrances it seems to have. As the investor might lose all his wealth overnight too, they tend to be cautious. On the other hand the investment craze has made it difficult for crypto currency to function as an actual currency as the valuation of the crypto currency doesn’t vary from day to day, but from minute to minute, however this didn’t stop the usage of kripto para as of the payment mediums around the world and has become the best way to spend money.
Some of the ways in which crypto currency is used as medium of transactions are
- Rather than paying cash for the holiday expenses, digital money holders prefer the secure and decentralized way.
- Online retailers also accept crypto currency as a mode of payment
- CLOUD COMPUTING or the computing services delivery accept crypto currency as a medium of getting paid.
- Buying Clean and Green Energy, more and more attention is being invested in environmental friendly projects, which is leading to more and more digital transactions.
- Several music label companies have invested in crypto currency as to support the talented artists who are financially weak.
- Several universities also use crypto currency transaction for their tuition fees
- Buying a house with a virtual currency have started to increase
- Desire of buying a fancy car is also possible with this medium of exchange.
- Crypto currency battles electoral fraud
- Crypto currencies can also be used to encourage ethical business activities
- Wealth management is one of the exciting ways to use a crypto currency
- Crypto currency can also be used to fight corruption in charitable organizations
- Startups can use this medium in raising their funds for the business purpose
There are many popular kripto para, some of them are
- Bit coin
- Doge coin
- Pot coin
Crypto currency is not just about investment and speculation, increasingly there are many who use it for various cases in the whole world. Crypto currency has bought various changes and has been proven to be the safest way of transaction by avoiding many kinds of frauds. The raise of this digital money has started to slowly yet steadily take over.