[Translation] Five surprising places where cryptocurrency can be used for payment

This translation article presents Luxtag, which on the NEM blockchain is delivering the world’s first digital certificate that guarantees a product is genuine.Luxtag has distributed this.

The concept of cryptocurrency originated more than a decade ago, when Bitcoin was developed. In general terms, cryptocurrencies are supplementary to fiat currencies (USD, EUR, MYR) and are based on blockchain, a distributed ledger.

There are no banks or governments to manage virtual coins, and transactions are encrypted to protect the process. Bitcoin was the first currency born into the world of cryptocurrencies and remains, to date, the most valuable and popular currency. In February 2019, one Bitcoin was valued at 3,403.86 dollars.