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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