October 26, 2020 | AtoZ Markets – Do you still confuse names and cryptocurrencies functions? Or you have learned to mine digital currency, but you are bad at spending it? Anyway, this article will be useful for you as you will be able to fill in the knowledge gaps. So, put aside your college task or ask someone, “Help me write my essay,” and devote a few minutes to find out where to spend the cryptocurrency you saved.
ETH Benefits
Etherium is an open-source software platform based on blockchain technology. This platform allows developers to create and deploy decentralized applications.
Bitcoin and Etherium are two leading cryptocurrencies on the world market. People who are deeply involved in cryptocurrencies often mention them in the same context. However, it may be difficult for beginners to distinguish what ETH is and how it differs from digital money.
Ethereum, as any other cryptocurrency, can be transferred safely and to any place in the world with Internet access for a small fee or for free. This currency is much more than just a means of payment.
The Ethereum network uses Blockchain technology to provide an open software platform for everyone. The developers can use the technology and programming language to create smart contracts, so-called self-closing agreements, which can make money transfers simpler, content, property, or anything valuable, provided that the pre-defined parameters.
Ways to Spend ETH Coins
More and more companies around the world accept digital money. You can pay for some goods on Amazon and eBay, pay taxes, pay an essay online, pay for public traffic in some countries, etc. Now it’s high time to dwell upon particular places where you can get everything you need for cryptocurrencies.
- E-commerce Websites
We got a chance to sell and buy everything online, so why not squander your coins on the best commercial websites. There is a wide range of such platforms like Overstock, Chicago Gem Store, Coin Pay Shop, and Digitec Galaxus.
- Travel Companies
These days, booking trips has become much easier. All you need is to choose the appropriate flight and use your e-wallet to pay for tickets. Among such companies, you can find TapJets and More Stamps Global.
Food
You hardly ever can buy foodstuffs on the market, but you can definitely order everything you need in big online malls like 1000 Eco Farms or PizzaFor Coins.
- Clothing and Accessories
Buying fancy outfits without leaving home is a usual thing today. Paying with digital money is becoming an up-to-date habit. You can spend your earned ETH coins in Bitgild, OpenBazaar, Cryptopet, and eGifter.
- Educational Services
Online education involves online money. You can enroll in any suitable course and get an opportunity to pay with Ethereum. As soon as you start googling, “Who can do my homework online?” and get dozens of offers of a crypto payment method.
How to Pay With Cryptocurrencies
As a rule, you can make a digital payment in several ways:
- The QR code, which is enough to scan by a smartphone with the installed system in the required cryptocurrency.
- Transfer coins to the specified wallet.
- Pay by the third-party payment systems, which accept digital money.
If you want to know whether the service supports the possibility of using the digital currency, you may ask a salesperson or a consultant about it. Some companies provide their customers with gift cards that allow you to pay for your goods with cryptocurrencies.
The Internet is full of specialized websites to search for companies that accept digital money. Thus, you have a lot of options to spend your wealth online.
What Will Crypto Future Bring Us?
In 2018, one of the American states got a chance to pay taxes with digital currency, and it made cryptocurrency a recognized means of payment at the state level. All these ways to spend digital money are a small part of what is available on the world market. Their potential is huge and depends only on the users’ imagination and developers.
Most financiers agree that such types of money will be able to compete with the largest payment operators, such as MasterCard and VISA. Have you ever imagined your life without a wallet and a bunch of discount cards? Shortly, we are unlikely to have only our gadgets and nothing more to make purchases. Of course, we use smartphones for payments now, but soon it might become the only way to pay. At least most modern people are sure about it.
Being young and active, you can discover lots of crypto benefits and start mining it right now, postponing all your college issues for later. You can request, “Who will do my statistics homework?”, get immediate answers, and take up mining currency being a student. A few consistent tutorials will teach you and help to develop your skills!