Where does Panorama Crypto use cryptocurrency

Where does Panorama Crypto use cryptocurrency


From real estate to war: where cryptocurrencies are used

Most recently, Transfero partnered with energy drink brand Red Bull to use BRZ to star in the first cryptocurrency prize of a surfing championship. However, crypto-assets are also used in other areas of the economy, be it buying real estate, negotiating art, or even in war situations such as the conflict between Russia and Ukraine.

Check out other areas where cryptocurrencies are being used in groundbreaking ways.

real estate financing

49-year-old diarist Docelina de Barros managed to finance a house worth R$129,000 using non-fungible tokens (NFTs). Backed by netspaces, Docelina uses the property itself as collateral and attaches the property’s registration to the NFT. With this digital file, the diarist was able to demonstrate the income needed to build a new house in the city of Porto Alegre, in the state of Rio Grande do Sul.

travel

Cryptocurrencies and blockchain technology are starting to have an impact on the travel industry. Many institutions now accept (BTC) and other cryptocurrencies as payment methods, and some even offer discounts to customers who pay with cryptocurrencies. Recently, the decentralized exchange aggregator network announced a partnership with travel booking platform Travala.com, which will allow users to pay for hotel reservations using cryptocurrencies.

Cryptocurrency in the city

Miami, New York and Rio de Janeiro have one thing in common: Bitcoin. The three cities have or plan to incorporate cryptocurrencies into their portfolio of services for citizens, providing guidance to municipalities on how to use them.

Not only are they a digital payment method, they can also be used as bonds by cities, enabling the issuance of cryptocurrencies and cryptoassets. This is the case with the three cities mentioned above, which are already experimenting with how to convert cryptocurrencies into additional income.

For example, the city of Rio de Janeiro will invest in crypto assets and create a digital currency called “CariocaCoin”. Additionally, the city government is already conducting research to create NFTs of cultural heritage and place wonderful cities in the metaverse.

Betting platform

In fact, betting platforms have exploded recently, some of them sponsoring Brazilian football teams. Many of them accept cryptocurrencies as a payment method, including Sportsbet.Io, former player Denilson as a poster boy, and integration with Metamask,. Other examples are Cloudbet and Thunderpick.

alternatives in war

Cryptocurrencies are also used in global geopolitical contexts. The Eastern European country has acquired millions of dollars in crypto assets since the start of the war in Ukraine, according to a survey released by British firm Elliptic, the world’s leading digital currency analysis specialist.

Russia, on the other hand, has been trading crypto assets to circumvent sanctions imposed by Western countries on its economic system.

Russia sees cryptocurrencies as an alternative for conducting financial transactions without integration with global systems and without the use of currencies such as the U.S. dollar. Through digital currency, countries can buy and sell products.

NFTs for selling art

NFTs have been used to sell digital – or even physical – art. While the hype around non-fungible tokens has died down a bit, millions of digital art sales have taken place with the use of the technology.

Collectibles such as Bored Ape Yacht Club, CryptoPunks and Azuki are protagonists of this phenomenon during the coronavirus pandemic, in which interactions have become more digital. As a result, it became common to use cryptocurrencies to buy digital certificates, and NFTs became the avatars of many people on social networks, especially celebrities.

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