Welp MagazineDespite having been around for circa 13 years and also having gone through a market crash, crypto always feels like it is still relatively new. Investors keep dreaming that they will make big money, despite its high volatility. Up to a few years ago, you could not do much with cryptocurrency. These days, things have changed and people can invest in luxury items, elevating the status of many investors.
With millions of people around the world holding crypto according to figures released by the Financial Conduct Authority (FCA), cryptos are gaining an increasing number of followers. Crypto casino sites are emerging on a regular basis, with many players opting for digital coins instead of traditional currencies.
Cryptocurrencies may have emerged as an alternative form of payment, but while many investors hold on to them, many others know they cannot hold onto them forever and it may be best to use them.
The value of cryptocurrencies has changed and has been boosted over the years. While it tends to get knocked down every once in a while, no one can deny the value that it brings
Many crypto investors will kick off their journey by purchasing major cryptocurrencies, such as Bitcoin and Litecoin. They often look for specific cryptocurrencies that come with certain features, such as heightened security features and higher privacy levels.
In this article, we will be looking at 5 things you can use your cryptos on.
Online gambling
Let’s start off with the most obvious one. Many crypto casino sites are emerging to give players a high degree of anonymity. Players can hide their online gambling activity away from their bank statements and government entities, allowing them to enjoy their leisurely activity in secrecy.
People who fancy themselves as gamblers, can either double their winnings or lose it all. Even so, players are free to use cryptocurrencies at crypto casino sites without any issues.
Travel
One of the benefits of cryptocurrencies is that they are slowly seeping into mainstream culture. People can purchase travel packages as well as tours by paying for them with cryptocurrency.
An increasing number of industries, not just the tourism industry are looking into accepting payment via cryptocurrencies. Airlines, tour operators and even travel aggregators are accepting crypto payments. For example, the UAE carrier has recently announced that it will soon be accepting Bitcoin as a part of the payment.
Latvian airline carrier Air Baltic has also been accepting cryptocurrencies for a long time. Of course, this is only the tip of the iceberg, as an increasing number of airlines will soon begin to follow suit.
Real Estate
Investing in real estate is a potential path for anyone who is looking to garner an international portfolio of property. It can also help you acquire citizenship in various countries.
International real estate has become very crypto-friendly, as an increasing number of real estate investors are now using it to purchase real estate across the planet. For example, Chinese investors are known to be using Bitcoin to buy various properties around Silicon Valley.
Cryptocurrencies come with a few benefits that make them a viable option for both parties. Since there are peer-to-peer transactions, it eliminates the middlemen such as the banks saving buyers and sellers lots of money. Similarly, the cryptocurrency Ethereum which is ultimately created on smart contracts provides the option of creating mortgage contracts.
While you can still buy real estate with cryptocurrencies, the options to purchase property are not as wide-ranging as we would have hoped for as it is not a viable option for everyone. There are still some fiat fees to pay.
A citizenship
Some crypto investors have purchased a second passport with their cryptocurrency allowing them to move abroad more freely. One such option is acquiring a second passport from Vanuatu, which has a liberal citizenship program.
Vanuatu has in recent years simplified its citizenship program making it incredibly smooth to acquire a passport if you have assets. All you have to do is to pay the local agent fee as well as legal fees and make a donation. That’s it.
While it is not the cheapest of options when it comes to investment, you don’t have to worry too much about residency requirements or taxes when you get your new passport. You can pay for it with cryptocurrency.
Private Island
If you have dreamed about living on a private island, you know can with the help of cryptocurrency. The main link between cryptocurrency and private islands seems to have been kicked off by Richard Branson. The entrepreneur held one of the first cryptocurrency summits on his private island way back in 2015. Since then, Branson has continued to host many of these events on an annual basis.
In recent years, a plot of land that is available on Union Island went for a record price of $7 million. The seller would only accept payment in Bitcoin. In the meantime, other sellers for private islands are also accepting payment via Litecoin, Bitcoin and Ethereum.
Finding a private island which you can purchase with cryptocurrency is not that hard at all, especially if you are looking for a spot of solitude.
In conclusion, many crypto investors are looking to the future to see where they can invest their cryptocurrency. They are forward-thinking and internationally minded. For them, there has never been a better time to invest, since there are very few tax and regulatory risks.
Thankfully, the number of agencies that are willing to help investors in any of the above-mentioned investments is increasing making it easy for investors to put their best foot forward.
Whether you already own a property or are looking to invest, cryptocurrency is definitely the future. The volatility may throw off some people, but it can also work in a beneficial manner bringing with it many perks and rewards.
Whether you want to invest in international real estate, a second passport or your own private island, paying with cryptocurrency eliminates a lot of unnecessary costs, like taxes and middlemen.
