[lallysingh]

Just like any currency - the goods that can be traded for it. Not useful as a currency in places with solid currencies like the US or EU, but some countries have poorly functioning currencies where cryptocurrencies provide some benefit. Also, it has value as a transfer currency, like when your own country limits how much money you can take out of the country.

In places where you can move money easily, and the local currency is stable and generally usable, then it's basically a trading commodity like gold or oil.