{"id":2527,"date":"2020-10-27T15:01:02","date_gmt":"2020-10-27T15:01:02","guid":{"rendered":"https:\/\/coindataflow.com\/clue\/?p=2527"},"modified":"2020-10-30T12:25:11","modified_gmt":"2020-10-30T12:25:11","slug":"use-of-bitcoin","status":"publish","type":"post","link":"https:\/\/coindataflow.com\/clue\/use-of-bitcoin","title":{"rendered":"3 Options of An Average Person\u2019s Use of Bitcoin"},"content":{"rendered":"\n<p>With 11 years now under bitcoin&#8217;s belt, it has seen a tremendous amount of evolution. Back in the day, bitcoin was the fuel for illicit activity. Now, it&#8217;s providing those unbanked with a financial passport and giving real-use opportunities to people who need them to use. <\/p>\n\n\n\n<!--more-->\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_11 counter-hierarchy counter-decimal ez-toc-transparent\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\"><i class=\"ez-toc-glyphicon ez-toc-icon-toggle\"><\/i><\/a><\/span><\/div>\n<nav><ul class=\"ez-toc-list ez-toc-list-level-1\"><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coindataflow.com\/clue\/use-of-bitcoin#Bitcoin-use-in-today%E2%80%99s-world\" title=\"Bitcoin use in today&#8217;s world\">Bitcoin use in today&#8217;s world<\/a><ul class=\"ez-toc-list-level-3\"><li class=\"ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coindataflow.com\/clue\/use-of-bitcoin#Remittances\" title=\"Remittances\">Remittances<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coindataflow.com\/clue\/use-of-bitcoin#Donation\" title=\"Donation\">Donation<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/coindataflow.com\/clue\/use-of-bitcoin#Arbitrage\" title=\"Arbitrage\">Arbitrage<\/a><\/li><\/ul><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/coindataflow.com\/clue\/use-of-bitcoin#A-new-age-for-Bitcoin\" title=\"A new age for Bitcoin\">A new age for Bitcoin<\/a><\/li><\/ul><\/nav><\/div>\n\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Bitcoin-use-in-today%E2%80%99s-world\"><\/span>Bitcoin use in today&#8217;s world<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Now, more than ever, people are looking at\nsafe-haven assets like bitcoin to get them out of their current financial\nbinds. <\/p>\n\n\n\n<h3><span class=\"ez-toc-section\" id=\"Remittances\"><\/span>Remittances<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Bitcoin remittances (or cryptocurrency\nremittances, in general) are becoming popular options for people around the\nworld, especially in countries that are experiencing economic struggles. They\nwork just like traditional remittances\u2014but faster and cheaper. For people who\nhave trouble accessing bank accounts, bitcoin makes remittances extremely easy\nas they can send and receive money as long as they have access to a stable\ninternet connection. <\/p>\n\n\n\n<p>Compared to traditional methods, bitcoin\nremittances offer more versatility. Traditional banks and MTOs often have\noperating hours and are sometimes closed during holidays and special occasions,\nwhile bitcoin remittances can be done 24\/7. Bitcoin remittances are also more\nflexible in terms of the amount since you can send and receive as much as you\nwant. Transactions with bitcoin are also done in minutes (depending on the\ncongestion of the network). <\/p>\n\n\n\n<h3><span class=\"ez-toc-section\" id=\"Donation\"><\/span>Donation<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Amid the pandemic the world is experiencing\nnow, bitcoin is giving us an alleyway to help our fellow neighbors. <a href=\"https:\/\/cointelegraph.com\/news\/italian-red-cross-launches-bitcoin-fundraiser-to-combat-coronavirus\" target=\"_blank\" rel=\"noopener\">The Italian Red Cross has already begun bitcoin\nfundraisers<\/a> to battle coronavirus and build a medical post in Italy.\n<\/p>\n\n\n\n<p>Why are donations so much more viable through\nbitcoin? There are two main reasons for this. First, bitcoin charities provide\ninstant accountability. Through the blockchain, transactions are easily\ntrackable and traceable. That alone provides a case for multiple donations. If\nyou, as someone donating, see that your contributions are doing good for the\ncause and that it has an immediate impact, then you&#8217;re more likely to give\nagain. This instant accountability provides instant gratification\u2014people see\nthe result of their contributions immediately. There&#8217;s no need to wait for\nquarterly reports as real-time records are available. <\/p>\n\n\n\n<p>This leads us to the second reason\u2014bitcoin\ndonations allow faster delivery of resources. Compared to regular donations,\nbitcoin travels faster. These crypto donations bypass a lot of borders and\nbureaucracies, streamlining the entire process. Through this more efficient\nprocess, we could see real-time changes in the world\u2014for example, <a href=\"https:\/\/builtwithbitcoin.org\/\" target=\"_blank\" rel=\"noopener\">building\nschools funded by bitcoin<\/a>.&nbsp; <\/p>\n\n\n\n<h3><span class=\"ez-toc-section\" id=\"Arbitrage\"><\/span>Arbitrage<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Since the beginning of bitcoin, everyone saw an opportunity for profit. For some, it even became their primary source of income. One of the more common forms of earning an income with bitcoin is through arbitrage. Bitcoin arbitrage refers to <a href=\"https:\/\/paxful.com\/buy-bitcoin\" class=\"rank-math-link\" target=\"_blank\" rel=\"noopener\">buying Bitcoin<\/a> on one exchange\/marketplace, then selling it at a higher price on another exchange\/marketplace. <\/p>\n\n\n\n<p>This method of earning a profit is\nexceptionally time-dependent and requires a keen eye for opportunity. Once\nyou&#8217;ve set up a BTC wallet (for your earnings), you can begin scouting for\nprofit opportunities on various exchanges. This is where the keen eyes come\nin\u2014make sure to not only look at the prices but the reliability and regulatory\nconditions as well. <\/p>\n\n\n\n<p>Aside from arbitrage, there are other forms of\nearning profit with BTC, such as trading and taking advantage of\naffiliate\/referral programs. <\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"A-new-age-for-Bitcoin\"><\/span>A new age for Bitcoin<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The uses mentioned above are just the tip of\nthe iceberg. There are other uses, such as the use of bitcoin for investment,\nsending cross-border payments, and even wealth preservation.<\/p>\n\n\n\n<p>As people begin to understand the benefits of\napplying bitcoin in their daily lives, more real-use opportunities will start\nto sprout. And as <a href=\"https:\/\/wethecryptos.net\/worldwide-bitcoin-adoption-implications\/\" rel=\"nofollow noopener\" target=\"_blank\">bitcoin adoption<\/a> steadily grows, the world\nwill eventually be able to fulfill Satoshi Nakamoto&#8217;s dream of a practical and\nusable &#8220;peer-to-peer electronic cash system.&#8221;<\/p>\n\n\n\n<p><em>This\narticle has been contributed on behalf of Paxful. However, the information provided\nherein is not and is not intended to be, investment, financial, or other\nadvice.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>With 11 years now under bitcoin&#8217;s belt, it has seen a tremendous amount of evolution. Back in the day, bitcoin was the fuel for illicit activity. Now, it&#8217;s providing those unbanked with a financial passport and giving real-use opportunities to people who need them to use.<\/p>\n","protected":false},"author":2,"featured_media":2530,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[16],"tags":[],"modified_by":"Alex","_links":{"self":[{"href":"https:\/\/coindataflow.com\/clue\/wp-json\/wp\/v2\/posts\/2527"}],"collection":[{"href":"https:\/\/coindataflow.com\/clue\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coindataflow.com\/clue\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coindataflow.com\/clue\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/coindataflow.com\/clue\/wp-json\/wp\/v2\/comments?post=2527"}],"version-history":[{"count":2,"href":"https:\/\/coindataflow.com\/clue\/wp-json\/wp\/v2\/posts\/2527\/revisions"}],"predecessor-version":[{"id":2529,"href":"https:\/\/coindataflow.com\/clue\/wp-json\/wp\/v2\/posts\/2527\/revisions\/2529"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coindataflow.com\/clue\/wp-json\/wp\/v2\/media\/2530"}],"wp:attachment":[{"href":"https:\/\/coindataflow.com\/clue\/wp-json\/wp\/v2\/media?parent=2527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coindataflow.com\/clue\/wp-json\/wp\/v2\/categories?post=2527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coindataflow.com\/clue\/wp-json\/wp\/v2\/tags?post=2527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}