Participate in the Cryptocurrency Economy By Earning (Not Spending)

Bitcoin (BTC) has had tremendous success as a cryptocurrency, with millions of people around the world having bought and traded the digital currency via exchanges, wallets, and even command line interfaces. Yet, for all of the excitement in the space, the majority of the public remains fearful to put their money on the line for something that remains difficult to grasp.

Empowering Users

Cryptocurrencies, led by Bitcoin, are so fundamentally different in their dynamics from what the world has been used to, that their adoption needs a shift in mentality from society. The beauty of decentralized protocols is that they are permission-less and allow anyone to participate. With this convenient feature, applications and networks have been developed that empower users to earn cryptocurrencies. Users can now get rewarded for routine actions they already undertake, like shopping, browsing the internet, or sharing their data. These types of applications allow anyone to participate in the cryptocurrency industry without actually buying digital currencies. There are no barriers to entry and they provide their users with certain perks solely for using the applications, extensions, or networks.

Bitcoin for Shopping Online

One of the more popular applications is Lolli, a rewards platform that offers users Bitcoin when they shop at participating online retailers. Consumers install a browser extension or start from Lolli’s website to discover retailers offering crypto rewards. Each retailer sets their own ‘cashback’ rate in BTC, and the reward is then moved into a Lolli wallet. https://twitter.com/Obstropolos/status/1120353560145870849 The Lolli app has become very popular among crypto enthusiasts, and proponents have been encouraging the development of similar applications that combine tools people already use with cryptocurrencies.

Surf the Web, Earn Rewards

On the topic of daily web browsing, the already popular Brave browser rewards its users for using its application. Brave is a web browser very much like Chrome and Firefox and its Basic Attention Token (BAT) is used to reward users who accept to view ads while browsing the internet. There are two main ways to earn BAT. The first is by enabling Brave Browser Ads and visiting Brave-enabled sites. The second option to earn is to publish original content. In a similar fashion, BitTube’s (TUBE) monetization model is called AirTime. It is an ad-free solution for paying users and publishers based on time spent watching content. An extension of the project enables rewards in the form of its currency (TUBE) to users and publishers (websites, social accounts, merchants, etc.) based on the time spent on any webpage. Moreover, the BitTube extension contains products that many already use, including an ad blocker, a VPN solution, an integrated wallet, and a referral system. The extension has special support for popular platforms like Twitter, Facebook, and YouTube, allowing users to monetize their own social accounts. Similar to the Lightning Network application Tippin.Me, the extension has embedded donation buttons to tip users on various social platforms.

Getting Used to Crypto

The cryptocurrency industry is enabling a plethora of applications that decentralize monetization techniques which have traditionally been captured by centralized entities, like Facebook, Google, and YouTube. These apps allow users to get a taste of the decentralized world without committing additional resources and without any financial risk. Have you tried any of the apps or extensions that let you earn crypto? Share your insights and opinions with us in the comments below!