We could see that most of the time, we always use paper bills for making transactions that involves payment. Nowadays e-cash is emerging to the economy and is being used by people who wants to keep their money safe without taking so many paper bills in their house or in the palm of their hands. This is a good way for us to prevent the spreading of virus in our community, most especially on making transactions with other people wherein we need to hand our money and with that case we get closer to them and we often forget to sanitize our hands to kill those bacterias that might went to us that could possibly carry the virus called COVID-19.
Here in the Philippines, most of the stores and markets, takes the best and most effective measures they can to prevent the spreading of the virus from happening, they use a technology wherein we put our money.and that device cleans it automatically for it to be free from the virus. The disadvantage of this is that we cannot assure it’s effectiveness. We are not sure if that device really cleans the money 100%. You know that commercial by Safe Guard? It cleans 99.9% of the bacteria in your hands? Lol
In cryptocurrency you are 100% sure that you are safe from the virus we call as COVID-19. We do not need to make any physical contact with the merchant. We can do the transactions online and we also don’t need to go to the store just to make the transaction. The only disadvantage is that we cannot be assured especially if you are only making a transaction from a random person.
I believe that as cryptocurrency becomes known and accepted by the majority of the people, markets and governments from all over the world will do their very best to make it more secured and make people be more ensured about the transactions being made.
One of the most popular, most used and ranks top six in the market in terms of market cap. Compared to other cryptocurrencies out there BCH has one of the lowest transaction fees. It also has one of the shortest transaction time. BCH holds a value of $216(September, 26). This crypto is one of the cryptocurrencies that has high value.
One of the things that I believe that will have a big impact to BCH is when Filipino People like me learn more about BCH and how to gain profits from it. Mr. @georgedonnelly is producing some videos about Bitcoin Cash and I really hope that Filipino Language should be one of those languages that will be included in his videos. I know that as Filipinos knows more about this specific cryptocurrency there will be a lot of people joining and people that will participate.
Here are some of the reasons why I think that Filipinos will join and participate:
Lower transaction fees compared to other cryptocurrencies. ( Filipinos love when they save money as much as possible if they can.)
Ways of earning is safe and secured. (Most of the Filipinos nowadays especially at this time we are facing a pandemic are being scammed by their fellow Filipinos or by other foreign people online which is really sad because many Filipinos really want to earn and they are risking the money on investments that are mostly scam for the sake of earning and gaining more money from these investment platforms.
Easy to understand. (Clicking on the screen is much easier than filling up and giving some personal information. Unlike in crypto where you only need some tokens and you can make transactions just by reading and understanding what those words mean and clicking buttons.)
Anonymity (Filipinos want privacy and protection because money is very important and they want being scammed and being fooled by someone most especially at this time that they really need income to support and provide a better life for their family amidst the pandemic we are facing.)
Always remember that we should always use our wisdom and knowledge for us to be successful on everything that we do in our life. Make sure to always think about the situation you are in. Take note the things you should remember and try to make the best decision you can make and try to always stay calm. At those times where people panic, become anxious and disturbed by the things that is happening around them, try to be calm, think about the steps you should take and take advantage of the situation for you to shine, dominate in order for you to take a step ahead from everybody else in the competition.