Unless we are
averse to the digital world or have taken to Sanyasa Aashram, we would not have
missed hearing about the “Bitcoin”. India, too has a rapidly growing crypto market,
even though the regulatory policy continues to remain behind the bush. While we
have already heard of Laxmicoin and Jiocoin in the pipeline, start-up crypto
exchanges and wallets are making news every day. But does this "online currency" does have possible offline uses? Read on to find out some lesser known
interesting facts about Cryptocurrency :-
o There are over 800 different types of
Cryptocurrency
o Peach Airlines in Japan accepts Bitcoin as a
legal tender- Yes, you can actually buy an airline ticket using cryptocurrency.
Japan has legitimized cryptocurrency in 2017.
o Fidelity Investments allows its clients to use
its website to view their holdings of Bitcoin and other cryptocurrencies held
through digital wallet provider Coinbase [1].
o The founder of this path breaking invention, is
supposedly a Japanese individual called Satoshi Nakamoto. He is the 44th
richest person on earth. While there is dearth of information about his
personal life or whereabouts, his concealed identity and low profile has caused
governments and organizations to raise suspicion about him being linked to some
sort of a terrorist outfit.
o You can buy over hundreds of products using
bitcoin or various other altcoins at www.overstock.com ;
o www.newegg.com
accepts bitcoin as a payment for digital goods;
o You can buy airline tickets from Virgin Atlantic
Airlines using Bitcoin
o www.Expedia.com supports Bitcoin as a payment
method. So, planning your next holiday? You can pay using Bitcoin.
o Dell accepts Bitcoins as a payment option.
o Many developed countries like the USA have ATM machines that support buy/sell and withdrawal of bitcoin. www.coinatmradar.com is a website which
actually shows the location of various bitcoin and other cryptocurrency ATMs
throughout the world;
o There are about 1600 Bitcoin ATMs in the world,
and growing in number every day;
o Monero- is an Altcoin which enables its holder
to conceal his/her identity. It has privacy features unlike other
cryptocurrencies. It’s price spiked when it was listed on the Korean exchange.
o Steem is a unique Altcoin. It has a portal
called Steemit.com which enables users to earn steem coins by writing articles,
blogs or by creating content. It can be traded on any crypto exchange. You can
check out more on – www.STEEMit.com
o Trezor is a hardware wallet which comes handy in
storing Cryptocurrencies in physical form, just like money.
o One can buy/sell cryptocurrency in decimals too.
So. Yes, one can buy 0.0005 BTC (Bitcoin) or 0.09 LTC (Litecoin). We don’t need
to have millions in our kitty to explore this investment arena.
o Websites like Bitcoin Zebra, Moon Bitcoin, Weekend
Bitcoin and Milli are known as Bitcoin ‘faucets’. These websites give out Bitcoin on a regular
basis for free. All one has to do is visit their website and sign up. They
would not be giving out a large amount of Bitcoin, may be a small amount, but they
do this to promote Bitcoin. These website thrive as an Affiliate marketing
tool.
o www.coinworker.com pays their user using Bitcoin
for completing tasks such as filling up surveys, watching videos etc. This is
called microtasking.
o You can get paid with Bitcoin/ Cryptocurrency
instead of fiat currency for offering Bitcoin related services. Example- www.coinality.com. This website contains
posts about cryptocurrency related jobs, for eg. Blockchain developers,
freelance cryptocurrency bloggers, etc. Check the website for more.
P.s :- This
post is purely for study and information purposes and does not promote the buying/
selling of cryptocurrency and/or does not mean to be any investment advise at
all.
[1] https://www.reuters.com/article/us-fidelity-investments-bitcoin/fidelity-allows-clients-to-see-digital-currencies-on-its-website-idUSKBN1AP0AO
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