While watching the price charts can be fun, if we focus too much on the value of cryptocurrencies, we run the risk of failing to notice the bigger picture of how these tokens are getting more widely used in a variety of ways. What are some of the ways these digital currencies are changing the world that are starting to affect us, but that most people haven’t yet noticed?
It’s Created a New Type of Bitcoin Treasury Company
Not long ago, the phrase Bitcoin treasury company wouldn’t have made any sense. Yet, we’re now at a stage where this way of operating has become hugely popular all over the planet. It all began with Strategy’s bold plan to give their shareholders exposure to Bitcoin and has led to many huge companies buying massive amounts of the token to hold.
Metaplanet, Semler Scientific, and Solidion Technology are among the list of firms that have each spent millions or billions of dollars buying BTC, even though their main business doesn’t have anything to do with cryptocurrencies. Their strategies all vary to some degree, from borrowing to aggressively buy tokens to simply using cash reserves to get hold of some Bitcoin. However, what they all have in common is that they see the currency as a store of value that could protect them against inflation and potentially give better shareholder returns.
It’s Making Online Games More Convenient
While playing games doesn’t move the global economy in the same way as the last point, it’s now a major industry and has become part of many people’s lives. Cryptocurrencies haven’t been as heavily integrated into video games as we once expected them to be, although tokens such as Axie Infinity, Hamster Kombat, and Gunz are all linked to major gaming ecosystems and give hope that this sector will grow.
The impact can be seen more clearly when we look at crypto casinos where slots and other games can be played using digital tokens. This online blackjack BTC page has different versions, like American Blackjack, Blackjack Lucky Ladies, and Multihand Blackjack. Bitty’s Blackjack Pro adds a crypto theme, but these games are largely what you’d expect to see from any online version of the game, with the goal of trying to get a hand with a total that’s closer to the magic number of 21 than the dealer’s. Online blackjack has been given a refresh, but the heart of the game hasn’t changed.
The key difference is that you fund your playing chips using various tokens, including Bitcoin, Bitcoin Cash, Litecoin, and the fun Dogecoin meme token. This means that the speed and security of digital cash are used to enhance the online casino experience without greatly changing the way that games are played. With almost instant transactions and greater anonymity, it’s a modern way of playing that makes sense to a lot of players.
This look by mBit Casino at some crazy crypto facts shows us that there’s a village where Bitcoin is the main currency and that there’s a crypto that’s backed by whiskey, so perhaps we shouldn’t be surprised to see Dogecoin Blackjack and Litecoin Blackjack!
It’s Removed the Borders of the Financial World
Bitcoin has entered our lives in so many ways, yet it could be argued that the most useful purpose is the one that it was originally intended to fulfill. This token was designed to allow peer-to-peer cash transactions, with a decentralized network of computer nodes used to ensure fairness and security. This effectively removed the borders from financial transactions, as we can send cash to anyone, anywhere on the planet instantly, with no fuss. The blockchain doesn’t differentiate between a transfer to someone in the same city or someone half a world away.
However, the emergence of other tokens has made it even easier to send money around the world. Litecoin was one of the first altcoins, based on Bitcoin’s code but with some tweaks to make it easier and faster to use. Since then, stablecoins have emerged as an even more flexible option that lets you send money in the same way, but without the volatility of Bitcoin and altcoins. Tokens like Tether are now widely used, with 2024’s total cryptocurrency transfer volume of over $27 trillion, higher than Visa and MasterCard’s combined numbers.
It’s Changing the Way We Think About Money and Inflation
The final point is more difficult to define with numbers and examples than the previous areas. Bitcoin was designed to be the first deflationary currency in history, since it only has a total supply of 21 million tokens, and mining gets increasingly difficult over time. This contrasts with fiat currencies like the dollar and euro, which suffer inflationary rises as new notes are printed.
The widespread appeal of cryptos has encouraged millions of people to take time and think more carefully about money and their relationship with it. Can we take greater control of our financial lives by deciding which currencies to buy and how to use them? If the crypto revolution causes us to take a new approach to money, then it will have provided a lasting impact that could change the world more than anyone ever expected.
