Cryptocurrency is more popular today than it has ever been and this means that many more of us want to embrace the asset class. This is especially true because cryptos are not only profitable but have a myriad of use cases for us to take advantage of.
If you’re in Arizona, you’re in luck, because there’s a myriad of things you can do with cryptocurrency, both business-related and for leisure. We’ll break down some of the best ways to use cryptocurrency, as well as some of the best places to spend it.
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Savings and Investment
One of the most obvious ways that cryptocurrency can be used is as an investment vehicle. This comes as no surprise given the fact that Bitcoin was voted the highest-performing asset of the 2010s and many altcoins continue to deliver record returns. If you’re in Arizona looking to use cryptocurrency, you should consider buying and selling tokens speculatively. This can easily be done through exchanges like Binance and Coinbase and the tokens should be held in a secure wallet. For investments and every other use of cryptocurrency, you’ll need to keep crypto wallet security at the forefront of your mind. Ideally, you should use the best new crypto wallet that you can get your hands on, make sure your password and recovery phrases are set up, and all these sensitive details are kept safe.
Besides investing in cryptocurrency for a profit, you can also choose to save some of your money in the form of crypto. Crypto has been proven to be a hedge against inflation, especially if you use more established tokens. In this case, you can convert a portion of your income or savings into cryptocurrency and store them in your wallet for the short or long term.
Dining
Over the years, we’ve seen a growing list of food establishments that accept cryptocurrency, including locations in Arizona. Siamese Kitchen, Phoenix City Grille, Sushi Michi, Thai Basil, and Hibachi City Buffet are just a few of the establishments where you can dine and pay for your food using cryptocurrency. A growing number of local establishments are following this trend, so it would be best to reach out to smaller independent establishments to find out if they will take your cryptocurrency. Several multinational food chains will take cryptocurrency from customers. This includes Burger King, Starbucks, Quiznos, and so on. So, if you’re looking to get your food fix anytime soon, consider paying with cryptocurrency.
Paying Bills
While many of us are used to paying for our electricity, streaming subscriptions, and so on using fiat currency, there are a growing number of options to do so using cryptocurrency. Services like Spritz allow consumers to convert a portion of their cryptocurrency to fiat and automatically pay their recurring bills such as streaming and electricity. Those who get paid in cryptocurrency or otherwise hold a portion of their income in crypto can take advantage of this to keep their bills paid while still holding onto a portion of their crypto stash.
Travel
Whether you’re moving around within Arizona or going to another state or country, there’s a growing number of options for paying for your expenses and cryptocurrency. Take flights, for example, that usually would only take fiat currency but can now be booked with cryptocurrency. Platforms like Alternative Airlines and Travala allow customers to book flights using cryptocurrency. This is as simple as selecting crypto as your payment method at checkout and paying with a variety of tokens such as Bitcoin, Ether, Dogecoin, and so on. Travala also allows consumers to book hotel rooms around the world and offset their bills using cryptocurrency. Just like with flights, you simply need to select cryptocurrency as your payment method and deposit the corresponding amount. If you’re someone who enjoys travelling, you might want to look into this.
Money Transfers
If you need to make payments for any reason, you might be familiar with how frustrating it can be. From the high fees that payment processors often charge to how slow cross-border transactions can be, there are certainly pain points to be had. Luckily, most of these can be addressed using cryptocurrency as tokens like Litecoin and XRP are known to complete large transactions in record time while only charging a small amount in fees. This can be done through most crypto exchanges and trading platforms or you could opt for crypto ATMs. According to current data, there are hundreds of crypto ATMs all over the Arizona area and these are often located in convenience stores and other shops. This means you could physically go up to a crypto ATM and send whatever funds you need to others.
Buying Gift Cards
While a lot of popular retailers don’t directly accept cryptocurrency right now, it is possible to access their products using cryptocurrency via gift cards. Sites like Bitrefill sell gift cards for brands like Nike, Starbucks, and so on for cryptocurrency. This means that by buying these gift cards using crypto, you can shop easily at these brands. This also comes in handy for gift-giving, seeing that so many of us opt to give gift cards to our loved ones. So, if you’re In Arizona and you’re looking to shop at various popular brands, you can always do this using your cryptocurrency.
Buy Groceries
Virtually everyone needs to buy groceries at some point and luckily for crypto users, there is a way to do this using their tokens. You can buy groceries at Whole Foods, for example, using third-party apps that process crypto transactions into fiat. You can also opt for a crypto debit or credit card, which is issued by popular exchanges like Binance and Coinbase. Using these cards, you can spend crypto directly from your account as easily as you would with fiat currency, and this includes grocery stores and the like.
Tip Creators
If you are active in the online space, chances are you have a couple of creators whose work you enjoy. This could be TikTokers whose videos entertain you or Twitter personalities who keep your timeline interesting. The good news is that you can tip these creators using cryptocurrency, depending on the platform. Sites like Twitter/X, for example, allow you to tip creators using a variety of cryptos, as well as fiat currency. If you’re looking to show appreciation to your favorite creators, consider using cryptocurrency to do so.
Conclusion
Arizona residents have a wealth of options for things they can do with their cryptocurrency. As we’ve noted in this article, you can spend your time trying to multiply your crypto via Investments/savings or spend it. If you choose the former, make sure you practice good wallet security by choosing the best crypto wallet you can find and keeping your sensitive details safe from prying eyes. If you choose the latter, consider all the different avenues such as restaurants, e-commerce sites, and so on. In all of these, make sure you do your research and exercise caution so that you don’t lose your tokens, data or both in the process.
