How to use cryptocurrencies to pay for goods and services( Case study: Nigeria)
Cryptocurrencies are actually in simple term an online money/currency. Some may call it digital money/currency. Whichever you call it its still the same thing.
Lately there has been a sudden widespread of various cryptocurrencies since two years now; judging from my own point of view.
The reason of writing this post is to open your eyes of the new internet horizon. I am going to show you how to make use of certified and widely accepted cryptocurrencies to invest.
Investment here does not point to ponzi schemes, investing with cryptocurrencies could mean using your digital currency to pay for goods and services.
What are the goods and services can I use my cryptocurrencies to buy?
There are various goods and services online you can use a cryptocurrency to pay for. But they can be classified into direct and indirect means.
Paying for a service or goods directly using cryptocurrencies:
The direct goods and services you can pay for using your cryptocurrency includes:
- Online betting e.g 1XBET.COM, (uses almost all the cryptocurrencies), Merrybet (merrybet uses only Perfect money for now to fund account)
- Paying for any form of web hosting and domains ( Most Nigerian web hosting company are yet to integrate it, but using American and European hosting companies, you are assured of using the available cryptocurrency to pay directly for them.
- Forex trading.
Paying for services and goods indirectly using a cryptocurreny
Have you heard? you can make use of the available cryptocurrencies to do the following listed below:
- Buy Facebook voucher ( ad/coupon code)
- Buy Apple’s gift card for iTunes store and all apple products.
To achieve these fits all you need do is open an account with WEBMONEY and fund it with either real cash got from an existing user/vendor, debit/credit cards, Online banking or make use of any virtual currency.
One might ask, how many cryptocurrencies do we have and make use of? apparently there are over 25 acclaimed digital coins but only few are recognized and patronized internationally.
Let me list them thematically for you.
- Game credits,
- Bitcoin cash,
- Ethereum classic,
All the digital coin listed above are the ones you make use of because using any other than these is highly detrimental to your financial situation (I’m still in doubt of TBC).
Having any of the virtual currency is just OK, should you need the other e.g (bitcoin) while you have ethereum you can make use of a crypto-exchanger to swap the preferred.
If you have any other points in mind that could be helpful , we would be happy to modify this post with your ideas, thanks.