Geoff Williams, Contributor |April 13, 2018, at 4:18 p.m. Some people are using cryptocurrency as a fail-safe against hyperinflation. Reuters The hype surrounding bitcoin may have faded, but cryptocurrencies are still popular among digital cash enthusiasts.
In fact, you could trade your money in for not only bitcoin, but also litecoin, ethereum, ripple and monero, just to name a few cryptocurrencies. And while you hear a lot in the news about investing in cryptocurrencies, not everyone uses the digital currency as an investment.
In fact, there are some unexpected ways that consumers are using these digital assets. Here’s a look at six ways people are leveraging crytocurrencies – beyond building their wealth.
[See: 10 Foolproof Ways to Reach Your Money Goals.] 1. Gambling.
“One of the most unique ways I’ve seen people using cryptocurrency is on decentralized betting. Cryptocup is a betting pool that uses the ethereum blockchain to collect, manage and distribute the earnings all without a central bank or point of failure,” says Chris Castiglione, an adjunct professor at Columbia University in New York City. Read more from money.usnews.com…
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