There is a myriad of crypto-friendly small and big businesses out there. It is no wonder as cryptocurrencies have penetrated almost all spheres of human life: from food delivery services to aircraft construction. Every successful blockchain-inspired project starts with an idea. If you plan your own crypto-based startup, we have collected several working business models that prove their efficiency in practice.
Advantages of Using Cryptocurrency
Cryptocurrency is a digital asset that exists in the decentralized virtual space. Bitcoin is a debutant among digital coins. It was created back in 2009 as a tool to revive the global economy after the 2008 crisis.
Multiple merits of cryptocurrencies make them perfect alternatives to fiat banknotes and metal coins. The main advantages are:
- The overall security of crypto transactions
- 100% confidentiality
- A minor fee charging
- Independence from banks
- Instant international transactions to any part of the globe
- Fast processing speed
- Full control over your funds
Efficient Crypto Business Models 2021
We have listed proven crypto business models that work in 2021:
- ICO (Initial coin offering) – A great alternative to IPO is launching an ICO to raise funds for a new coin or service development.
- STO (Security token offering) – It is the form of investing in different blockchain projects. The primary advantages of STO are a lower commission and the absence of a long chain of intermediaries.
- Wallet services startup – With the cryptocurrency boost, there will always be a demand for digital wallets to keep Bitcoins and other cryptos in a safe place.
- Exchange/trading startups – Crypto trading is a proven tool to multiply a crypto fortune. Thus, there is a need for safe crypto exchange and trading services in 2021.
- App development – Regardless of a business area, crypto-based apps will always stand out from ordinary applications. It is because more and more industries implement blockchain solutions.
Peculiarities of Crypto Casino Apps
A vivid example of successful crypto business models is crypto casino apps. The peculiarity of an online crypto casino is that players may gamble with different cryptocurrencies, such as Bitcoin, Litecoin, Ethereum, etc. Let’s figure out how crypto gambling apps work for real on the example of the 7BitCasino app. 7Bit is a licensed and time-tested crypto casino with over 7000 online games in its lobby.
Gamblers choose the 7BitCasino app for its stylish design, user-friendly interface, and intuitive navigation. This crypto casino is reconcilable with all iOS and Android mobile phones and gadgets. Extra to digital currencies, players may deposit and run funds in fiat money. Both new and existing members may receive Bitcoin bonuses. There is also 24/7 customer support and a VIP club. If you seek inspiration to build your crypto casino app, 7BitCasino is an ideal choice.
Cryptocurrencies have found their decent place in our everyday routine. Digital coins are not only a great option for investment but also a proven asset to run a business. It is evident in the example of multiple crypto-based startups that managed to grow into industry giants.
Online gambling is undoubtedly a frontrunner in this regard. Even if you don’t plan to launch your own crypto casino app, you may still make a solid profit on Bitcoin gambling. Bitcoin slots have all the necessary attributes to increase your crypto balance. Follow this link https://7bitcasino.com/slots to enjoy a superb collection of BTC slot machines with exclusive features, stunning 3D visuals, and bountiful jackpot pools.