Cryptocurrency can be used in many ways.  Common uses today are:

  • Used to purchase products from participating sellers. (such as www.overstock.com)
  • As an inexpensive way to transfer funds to friends, family, and strangers.
  • As a store of wealth (like gold)
  • To invest in innovative early-stage startup companies (Can be like getting stock in a new business)
  • Pay salaries
  • Pay taxes (in some US states)
  • Donate money (to some charities)

In each of these cases, the destination must be a person, organization or business that is willing and able to receive these funds.

But it is important to also know that cryptocurrency is not universally accepted by everyone.

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