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A comment on Cryptocurrency Startup School. Parent comment
1. A way for businesses that cannot get a bank account to accept digital payments. Think porn sites or marijuana stores.
2. It's used on darknet markets for obvious reasons.
3. You can use it to pay for things even without a bank account.
4. Send money to anyone from anywhere.
5. It can be used as a decentralized timestamping service[0].
6. Lower fees than other digital payments (credit cards take 1-4% fee per transaction, plus other costs).
Cryptokitties is just like Beanie Babies and in my opinion not very interesting.
[0]: https://whycryptocurrencies.com/timestamping_service.html
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1. A way for businesses that cannot get a bank account to accept digital payments. Think porn sites or marijuana stores.
2. It's used on darknet markets for obvious reasons.
3. You can use it to pay for things even without a bank account.
4. Send money to anyone from anywhere.
5. It can be used as a decentralized timestamping service[0].
6. Lower fees than other digital payments (credit cards take 1-4% fee per transaction, plus other costs).
Cryptokitties is just like Beanie Babies and in my opinion not very interesting.
[0]: https://whycryptocurrencies.com/timestamping_service.html