Cryptocurrencies have hit the headlines plenty since they became mainstream, whether that’s because Elon Musk is talking about a new altcoin or because Bitcoin has hit a new valuation landmark. Stories we often hear about crypto are to do with investment and the rise and fall in the prices of cryptocurrencies, but this doesn’t tell the whole story. Crypto is intended to be used.

Industries that have embraced cryptocurrencies are the best examples of Bitcoin and other tokens actually being used day-to-day, as intended when the technology was introduced as a decentralized alternative banking method.

The Gambling Industry

Gamblers are among the individuals with the best knowledge of cryptocurrencies in a lot of instances, this is because of the fact that crypto has been so widely embraced and used in the industry. Its use makes sense as it enables players to play with more security, anonymity, and a decentralized method of moving their finances around. Traditional banking systems mean there is a middleman or a gatekeeper to the finances, but crypto changes all of this and allows people more power and control.

Estimates show that gambling may be the industry that is most driving acceptance of crypto, and more transactions using crypto take place in this industry than in any other. Loads of modern gambling sites accept crypto as one of their payment methods, so for players who log into a casino Bitcoin might be an option to deposit and withdraw if they have any winnings in the account. Casino gaming has embraced crypto especially fast and many players are used to depositing in this method before spinning the roulette wheel or playing poker online. Gambling is not limited to casinos though and there are also numerous sports betting platforms now accepting crypto as a payment method. Megastars like Drake are known to bet on sporting events using crypto, mainly because they post slips on Instagram showing big-money bets.

Gambling brands may provide players with the choice of using traditional currencies or cryptocurrencies, but there are now plenty of Bitcoin-only casino brands too, fully embracing the extra security level provided by crypto and allowing players to take advantage of decentralized payments.

The Investment Industry

Assets that become available to trade often quickly become part of the investment industry. Blockchain technology might transform the investment industry in a lot of different ways, but cryptocurrency itself is mainly going to change the industry due to the fact people will hold different crypto, and try to buy and sell for profit.

You’ve heard the stories of the people who managed to get in on the ground floor of Bitcoin and have seen significant financial rewards in the process. Nobody can predict exactly what’s likely to happen with the pricing but with any assets like stocks, bonds, and currencies, there is a market for trading.

Plenty of savvy investors do a lot of research regarding crypto including new currencies that are launched and finding altcoins that may potentially be the next to take the industry by storm. Companies launching cryptocurrencies are often using new and novel approaches such as tying their crypto to other assets which is another interesting proposition.

The Education Industry

Cryptocurrency’s scale should not be understated, it has gone from a brand new concept launched in the 21st century to something virtually everyone’s heard of and millions of people hold the currencies too. Some dabble with small amounts, others have a lot tied into their top currencies, and you may have even heard the stories of people choosing to take their salaries in crypto, something some companies now facilitate.

Education companies and even universities have now latched on and realized that with such a growth industry there needs to be education, and courses on blockchain technology and even specifically cryptocurrency courses are cropping up around the world.

Blockchain, the technology driving crypto, has uses far beyond just finance, and is useful for security and record-keeping, for instance, so people who study this area end up with a highly transferrable skill that they can use. Predictions that blockchain will be utilized in virtually every aspect of daily life in the future means that students are cleverly incorporating it into their studies as a useful skill for future employment or launching their own businesses.

Universities and other educational establishments have to be able to adapt and with an industry as big as crypto, it is inevitable that more courses find their way onto the curriculum.

Conclusion

Crypto’s ripple effect certainly has made waves in many different industries, for instance, the car industry. When Elon Musk announced Tesla would take crypto people were shocked, but some people were able to purchase their Tesla vehicle using Bitcoin before he reversed the decision – rumor has it, the company is getting ready to take Bitcoin again, along with plenty of other huge companies in other industries.