Cryptocurrency is the latest trend in the financial world and its popularity is soaring – most people will be familiar with the original crytpocoin, bitcoin; which has seen huge surges and dips in its value since its birth. These digital currencies are seen by many as volatile investments and high risk gambles but there are many unknown and valuable uses for these decentralized electronic currencies.
Let’s take a look at 5 of the latest and most innovative ways to use cryptocurrency.
- Use it to Travel the World
Bitcoin (BTC) and Ether (ETH) can be used for anything from booking flights, to accommodation and even taking cash out at international ATM’s.
Established travel agents such as Cheapair (www.cheapair.com) and Destinia (www.destinia.com) now accept payments with popular cryptocurrencies.
Now that your flight is booked you obviously need a place to stay, if you wish to use your bitcoin wallet you can book accommodation via Cryptocribs (www.cryptocribs.net).
Such is the rise in cryptocurrency all over the world, there are now specialist bitcoin ATM machines internationally which you can convert you digital balance in to the local currency to spend whilst you travel.
- Forget the World, Travel to Space!
Virgin Galactic – Richard Branson’s space travel company who have yet to successfully launch a commercial space flight have announced that you can now pay with Bitcoin if you want to reserve a seat on their service.
The cost – a cool $250,000 per ticket! Internet entrepreneurs and Cryptocurrency enthusiasts Cameron and Tyler Winklevoss have already signed up to be some of the first passengers, and you guessed it, they used Bitcoin to fund the tickets.