Are there any other applications for using Wrapped Bitcoin besides trading and investing purposes?
Yes, there are several other applications for using Wrapped Bitcoin (WBTC) besides trading and investing purposes.
WBTC is an ERC-20 token that is backed 1:1 with Bitcoin, so it can be used in any application that supports Ethereum. This includes decentralized finance (DeFi) applications such as lending, borrowing, and yield farming. WBTC can also be used to pay for goods and services on Ethereum-based platforms such as Uniswap and Kyber Network.
Additionally, WBTC can be used to purchase NFTs (non-fungible tokens) on the Ethereum blockchain. Finally, WBTC can also be used to participate in decentralized prediction markets such as Augur and Gnosis.
AI created text. No guarantee for the correctness of the content.
