as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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in what ways can cryptocurrencies be used on the internet?
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cryptocurrencies can be used for a variety of transactions on the internet, such as purchasing goods and services, sending money, investing in digital assets, or making payments. they can also be used to facilitate international payments, since many traditional payment systems incur high fees for sending money overseas. additionally, cryptocurrencies can be used for crowdfunding and for participating in initial coin offerings.
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