The new digital era: Blockchain, cryptocurrency, and ICOs – Part 2

There are plenty of uses of cryptocurrencies, many of which have nothing to do with the sordid affairs of the dark web. Cryptocurrency can be used for purchases in the real world, as a replacement for fiat currency. This can be from the mundane of buying a hotdog in Fortitude Valley in Brisbane, beer at the pub, to paying the rent (in the UK) or buying real estate (even in Australia!). Granted, many US businesses have been quicker on the uptake, allowing customers to use cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum, and Litecoin to make their purchases. But acceptance in Australia is increasing.

However, the far more interesting use of cryptocurrency is to purchase tokens and participate in Initial Coin Offerings or token trading.