As cryptocurrency evolved, it was assumed that people would use it very much like other forms of currency but one that was decentralized to any particular government or authority. This means that, to the untrained eye, you are doing so without the safety net of a third party controlling any transaction when you deal in cryptocurrency.
Of course, some have met it with uncertainty as with any new thing. Whereas by others, it has been truly embraced to a point where there are now more than 100,000 bitcoin millionaires worldwide, according to CBSNews.
With so many people now having bitcoin wallets, the question is ‘what happens now?’. After all, they were never meant to be a major investment only. They were invented with the idea of being able to spend them like the centralized currency of any country.
Spend cryptocurrency on relaxation
You may want to use the most popular cryptocurrencies to enjoy, relax or unwind, and now it seems that the rest of the world is catching up. There are websites on the internet where you can spend your cryptocurrency and enjoy your spare time, playing games, for instance. A popular game for adults to play online is bitcoin poker. This can be a relaxing pastime to take part in by spending your cryptocurrency.
Spend cryptocurrency in shops
Although there are some shops both online and offline that will accept cryptocurrency as payment for any purchase, the majority will not recognize it as the currency that it was intended to be. This can be frustrating to those that have embraced this new way forward.
However, there is good news. Stores such as Home Depot, one of the largest hardware chain stores in America, will accept Bitcoin as payment via Flexa’s checkout system for their products. Flexa’s checkouts have been installed in their stores for your ease and convenience. This means that potentially you could, if you wish, build your own home using cryptocurrency. All you would need is a plot of land.
Spend cryptocurrency on a house
Well, you can for sure buy real estate with your bitcoin. It has been done before. In fact, there have been real estate sales where the owners have specified that they would only accept bitcoin for their home rather than accept the conventional currency.
There are different reasons why someone would wish to use cryptocurrency to purchase real estate. One reason might be to cash out your cryptocurrency career and retire. Another is you may be able to get discounted rates for buying your future house in cryptocurrency. Finally, the biggest benefit of all is that it will be a faster transaction. Therefore, the house will be in your possession a lot quicker than by using conventional routes.
If you have cryptocurrency and are at a loss of what to use it for other than reinvesting, these three ideas should give you some inspiration. You can buy a house, spend it online or in shops or even use it to play bitcoin poker.