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2021-05-11 01:35:52
These Five Unique Platforms Facilitate Crypto Adoption In Everyday Life
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It’s just about impossible to ignore Bitcoin now. The seminal cryptocurrency shot up in value at the end of last year and now rests at price highs in 2021 many believed the coin would never reach.
Legacy financial institutions have also boosted Bitcoin (and other coins) profiles as they begin to slowly admit the digital currency industry might have some value in today’s economic landscape.
In February 2021, Mastercard noted in a blog post they would start supporting select cryptos “directly on our network.” The payment processing giant admitted they noticed a growing number of users take advantage of crypto cards to buy digital assets and convert to fiat.
News at the beginning of the year revealed the Grayscale Bitcoin Trust saw an inflow of almost $2 billion from October 2020 until January 2021.
Crypto adoption is spreading across a wide swath of industries as many come to realize coins have real-world applicability beyond just as an investment tool. A number of projects are working to break down traditional barriers by introducing crypto in new environments and making it as simple as possible for the non crypto-savvy to spend digital coins.
Here’s a list of five platforms and products focused on bringing crypto to traditional industries and revolutionizing how people use virtual currency.
BitcoinWide
BitcoinWide is like a Google search for the cryptocurrency world. The website lets users type in industries and search a map to learn about companies who accept cryptocurrencies like Bitcoin. Each entry has a bit of information about the company or offered product, a location, and details about what specific cryptocurrencies are accepted.
Lucky Gift Cards
Lucky Gift Cards lets users participate in lottery pools with the chance to win Bitcoin. A gift card can be purchased with crypto or fiat and then registered on My.LuckyGiftCards.com after being received via email. Registration opens up the holder to win Bitcoin twice weekly based on the results of the 6aus49 lotto draw. Gift card holders can win jackpots in excess of $30 million. Shares in the lottery pool change as more Lucky Gift Cards are purchased. As lottery pools become more popular, buying a Lucky Gift Card is a unique and easy way to get someone involved in crypto, who doesn’t like gifts?
Metromile
Metromile announced they would purchase $10 million of Bitcoin in Q2 so policy holders could pay and receive approved claims with the cryptocurrency. The decision makes Metromile the first insurance company to pay claims and accept premiums using virtual currency. Metromile offers auto insurance policies priced and billed by the mile.
BillPay
BillPay is one of the more unique ways to participate in the crypto revolution. The project invites people to mail them spare change. BillPay converts coins to virtual currency so everyday people can pay their bills. Users pay a 1.99% transaction fee for up to $9,000 in spare change. Right now, the project only operates in the United States and accepts U.S. coins for crypto conversion. Those who send in coins are also responsible for shipping costs. Overall, BillPay’s concept is pretty simple and an easy way for the average person to start using crypto.
Daisy Payments
Daisy Payments gives small and large businesses an easy way to offer products and subscriptions and receive crypto as payment. Each SKU created through Daisy’s infrastructure can be customized with different prices and billing plans. Instead of crypto billing apps, users harness MetaMask and Web3 to transact. Businesses can download CSV files of transactions, accept multiple cryptocurrencies for a single subscription plan, and create private whitelists and multiple billing tiers.
A wide range of platforms have emerged across multiple industries to harness the popularity and utility of cryptocurrencies.
As digital currency continues to make waves, it’s no surprise traditional industries will continue to be disrupted as crypto becomes more commonly used in everyday life.
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