How can I use cryptocurrency in the real world? From Appfest to Crypto Credit Cards, Take a Look at Crypto Today
Cryptocurrency has become a huge aspect of today’s financial market and is often discussed both online and offline. The potential crypto holding for the future, from the decentralization of banks to the data storage capacity of the blockchain, means it is poised to continue its growth, and gain even greater uses outside the digital space. [...]
Cryptocurrency has become a huge aspect of today’s financial market and is often discussed both online and offline. The potential crypto holding for the future, from the decentralization of banks to the data storage capacity of the blockchain, means it is poised to continue its growth, and gain even greater uses outside the digital space.
But right now, what can crypto be used for outside the digital space? Sure, investing can make someone real money by transferring them to fiat, but in its tokenized form, what can it be used for in the real world?
From crypto credit cards employed by projects like Exchange Monster (MXCH) to real-world gatherings like Appfest to big brands allowing payments in Dogecoin (DOGE), offline applications for cryptocurrency are vast and continue to expand.
Brands climb the cryptocurrency bandwagon
One notable way to tell how well an idea is accepted by society can be understood by the reaction of corporations. For example, just looking at most brand social media accounts, it is clear that memes have become part of the contemporary vernacular, as brands regularly post them to connect with their audiences.
A similar incident happened with crypto.
There are two main ways in which brands integrate themselves with the crypto space. One is through NFTs, with many brands making use of the NFT craze of the summer of 2021 by creating NFTs of many of their popular products. This was proof that brands accepted and understood crypto and the potential it had, signaling to the audience that crypto was no longer a specific interest.
There are other, and more relevant, brands and shopping places to this topic that adopt cryptocurrency as a legitimate way to shop. Look no further than high fashion brand Gucci, for example, and the adoption of Dogecoin (DOGE) and other crypto tokens as an accepted form of payment.
This was something that came to the fore earlier this year when it was revealed that some Gucci locations in the US would be taking the cryptocurrency as a legitimate payment option, surprisingly the meme tokens Dogecoin (DOGE) and Shiba Inu (SHIB). ) including.
Regarded globally as a world-renowned brand, Gucci’s adoption of crypto can be seen as a big indicator of the future of crypto—that it will become an internationally recognized tender, and in the same way. Can be used to make purchases like fiat currency is used today.
However, this is a future that, for now at least, is only a short distance from the scene.
Appfest and the outdoor community
With the crypto space’s emphasis on community, meetings of crypto enthusiasts in real life settings are astonishing, and yet another example of how crypto is currently interacting and integrating with the physical world.
Take Appfest, for example, where bored app NFT owners come together in a physical, real world, to chat, play games, and revel in their shared adoration for their NFTs.
In materializing a digital community, Appfest allows individuals to meet, make friends and create memories together. And what’s more valuable than that?
Exchange Monster and Crypto Card
Creating physical credit and debit cards linked to an individual’s crypto wallet is not a new concept, however as crypto wallet technology develops, so does the capacity of these physical cards.
Take the Exchange Monster (MXCH) monster wallet and its planned physical card variation.
On Exchange Monster (MXCH), Monster Wallet is a multi-chain, multi-asset wallet. This means that it can hold a wide variety of crypto assets from NFTs to tokens, from gaming rewards earned on the platform to fiat currency. On the platform, all these assets can be easily traded and exchanged, allowing for a fast moving and rewarding economy.
So, for example, an NFT artist is paid the equivalent of $20 for work in the native MXCH token of Exchange Monsters (MXCH). While the process of converting cryptocurrency to fiat is greatly simplified through the Monster Wallet, the artist will still need to transfer this money to a regular, centralized bank account before it can be used .
With physical cards, this won’t be a problem anymore. Centralized banks no longer have to get involved, and instead NFT actors can make purchases directly from their Monster Wallet. This, combined with the fast transfer speed on the Exchange Monster (MXCH), means that in a very short time after a purchase is made, $20 can be spent on a physical item in the real world.
Since this is still a facet of development, but a very promising development nonetheless, it is recommended that you keep your eye on Exchange Monster (MXCH) and its future development.
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