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10 Awesome Uses of Cryptocurrency

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6. Send non-cash remittances

Another powerful use case for cryptocurrencies is non-cash remittances. Blockchain startup SureRemit, for example, enables its users to send non-cash remittances from anywhere in the world to selected African nations.

Diaspora Africans can purchase SureRemit’s native RMT tokens, which are then used within the SureRemit app to make non-cash remittances such as mobile data top-ups or utility bill payments for their relatives in Africa.

7. Get paid to post content

The world’s first incentivized social media and blogging platform, Steemit, enables publishers to receive financial rewards in the form of cryptocurrency for posting content and for curating on the network by upvoting high-quality content.

Steemit financially empowers its users by rewarding them for contributing to the platform as opposed to taking its users data and selling it to third-parties like Facebook does. For this reason, Steemit has become particularly popular in emerging markets where it boasts a high number of users.

8. Rent out your spare hard drive space to the cloud

Decentralized blockchain-based cloud storage solutions such as Storj enable users to earn cryptocurrency in exchange for renting out their hard drive storage space to those who need it on a peer-to-peer basis.

“Storj can be faster, cheaper, and more secure than traditional cloud storage platforms. Faster because multiple machines are serving you your file simultaneously, cheaper because you are renting people’s spare hard-drive space instead of paying for a purpose-built data center, and more secure because your file is both encrypted and shredded. There is no need to trust a corporation, vulnerable servers, or employees with your files. Storj completely removes trust from the equation,” the company states on its website.

Storj and other decentralized cloud storage solutions, such as Siacoin and Filecoin, not only provide a cheaper and more secure alternative to existing corporate cloud storage platforms but also provide users with a new revenue stream.

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