How You Can Use Cryptocurrency in Your Daily Life
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Cryptocurrency in the Real World: How is it Used in Day-to-Day Transactions?

The current state of cryptocurrencies is a bit shaky. Some people see it as the next big investment and some people think it’s not going anywhere. But what about the other uses of this technology outside of investing? How are merchants, governments, corporations, and even everyday consumers using cryptocurrency?

To find out, I turned to a few sources on the web to highlight and explain some common ways that cryptocurrency is used in today’s day-to-day transactions.

Common Uses of Cryptocurrency in Day-to-Day Life

With most of the world adapting to crypto and what it promises, there are many ways to use it. In most cases, the transactions are almost instantaneous because you receive your cryptocurrency almost immediately when you send it to someone else. Here are a few of the ways that cryptocurrency is used today:

Buying Goods and Services

This is the most common use for cryptocurrency right now. With a Bitcoin calculator, you can quickly find out the actual price of cryptocurrency. Many online businesses accept cryptocurrency as a form of payment, but there are some brick and mortar stores that have jumped on board as well.

Shopify allows some of its merchants to accept cryptocurrency as a form of payment. Overstock was one of the first large retailers to accept all forms of cryptocurrency. They even launched their own coin called the OSTK coin that is issued by the company and can be used to save on purchases at their stores.

Many big brands have their own coins that they offer as a form of payment if you are a part of their loyalty program. This includes Starbucks, Southwest, BP oil, and many others.

Paying for School Tuition

Look for schools accepting crypto for tuition fees. There aren’t many, however, this may be a good option for you if you want to start putting your crypto investments towards future education. There are already some universities that accept cryptocurrency as payment for tuition, including the American University of Paraguay, Lucerne University of Applied Sciences, and FPT University of Vietnam.

Another option is to look into funding your own education. There are many scholarships that you can apply for, and some are worth thousands of dollars. The best way to do this is by checking out ICOs that offer scholarships in exchange for a small investment in their project. The cryptocurrency community has provided scholarships to students who are studying cryptocurrency and blockchain technology. 

As an Investment

Of course, this is the number one reason why most people enter the cryptocurrency game in the first place. To make money. If you are not a trader, however, you may want to invest in cryptocurrency for the long term instead of trading on the day-to-day.

Cryptocurrency is a great way to grow your wealth over time if you use it properly. Look into different projects that you find interesting and invest what you can afford to lose.

The Benefits of Crypto Over Fiat Currency

Cryptocurrency has many benefits over fiat currency. Here are a few of them:

Cryptocurrency Is Much More Secure Than Fiat Currency

You wouldn’t believe how many times someone gets their credit card lifted and then charged for thousands of dollars of shopping and travel. This can happen with cryptocurrency too, but it’s much less likely. Cryptocurrency can be immune to the inflation that we see with traditional fiat currencies. If you have real estate and the value of that drops, you could lose a lot of money. In the same way, cryptocurrency is immune to inflation because it’s not tied to a country’s economy. It’s not tied to any government or central bank. You can use it when no one else will. This includes being able to send it across borders as well as being able to spend it at merchants that don’t accept credit cards.

Cryptocurrency Has No Transaction Fees

This is one of the biggest benefits of cryptocurrency over fiat currency. Most credit card companies charge you a percentage of what you purchase, and this can add up quickly if you are making multiple purchases. However, some crypto wallets allow you to make transactions without any transactional fees—which is great news for anyone who wants to save money in the long run.


Cryptocurrency used to be very hard to get hold of. Not only did it take a lot of time, but you also needed a lot of money to buy into the main cryptocurrency that was available at the time. However, this is no longer the case. There are now hundreds of cryptocurrencies on the market, and you can quickly purchase as many or as few as you want with just a few clicks.

Liquidity on the exchange is one thing, but liquidity when trying to spend your cryptocurrency is another issue entirely.

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