Industries That Are Utilizing Blockchain-Based Crypto Assets Outside the Cross-Border Remittances
The fact that cryptocurrencies are today being used in diverse industries is by itself a very crucial accomplishment. Statistics indicate that there are more than a thousand crypto assets that have been listed in various exchanges across the world. Given the decentralized nature that has come to be attributed to these assets, it should not come as a surprise to note that they tend to have very many uses. The following is a look at some of the industries that have already started using crypto to conduct their business operations:
Traveling using cryptocurrency has proven to be quite thrilling. Various companies in this industry have started to accept crypto payments from travelers looking to pay for cruises, car rentals, hotel rooms, and air tickets.
Game developers have gotten access to new and exciting opportunities thanks to the crypto wave. A good example of this happens to be the ORB project. The game makes it possible for gamers to transfer in-game cash into digital assets.
Today, an artist can easily transact with an art patron or prospective buyer using any of the numerous crypto-backed platforms. It makes it easier for them to buy and sell all kinds of art-related goods.
The emergence of blockchain systems has made it easier for investors to acquire real estate. Examples of this include MyCOINrealty.com and Propy.com. These are two companies in this industry currently accepting Bitcoin payments.
Cryptocurrency and blockchain are being used by many charity organizations across the globe to deal with fund leaks and corruption. These are two issues that are quite rampant in this industry. The WFP is an example of an international organization using crypto to send food relief to areas where it is needed.
Social media continues to grow with every passing day. Websites have started using blockchain infrastructure to link performers and artists to people who possess special skills that they may be looking for. The interesting thing about this industry is that all dealings on these boards are strictly carried out using crypto.
Advertisers and digital publishers have started opting for digital assets. They are doing this with the sole aim of increasing their relevance with their mainstream clients.
Institutions of higher learning, e.g., universities in Germany, Cyprus, the United States, and Switzerland are today accepting digital tokens, e.g., Bitcoin as a payment mode for student bills and course fees.
Some firms, e.g., Brooklyn Microgrid, a firm operating in the clean energy industry is encouraging users to start transitioning to solar-based energy from carbon-based power. They are doing this by adopting cryptocurrencies and encouraging clients to use them when transacting with them.
Many startups have ditched the old fundraising methods and have started fundraising using crypto. They are using crypto to fund their products, services, and ideas. A good illustration of this is Lighthouse, a startup that recently fundraised using Bitcoin.
Overstock is a big web-based online retail portal that accepts digital assets for goods sold on its platform.
The Lamborghini Veloce and a Tesla Model S are good examples of vehicles that have recently been paid for using digital assets.
Fast Food Restaurants
Pizzaforcoins and Subway are some of the companies in the fast food sector accepting cryptocurrency in exchange for their products.