BitcoinCash Pakistan's new payment asset?

Everyone know it is time of Cryptocurrency to take over all payment gateways whether it is paper currency or any other form.

At the present time in Pakistan Cryptocurrency market has not been legalized and also by many other countries. In Pakistan since last few months our social media influencer and well known Youtubers are trying to educate people about the importance of Cryptocurrenices, how it can change life of every Pakistani. And it is having great impact on people and many of the people has started investing in Crypto market.

Khyber Pakhtunkhawa(KP) is one of 5 provinces of pakistan.The Khyber-Pakhtunkhwa (KP) Assembly has anonymously passed a resolution on legalizing the cryptocurrency and crypto mining, becoming the first ever legislative assembly in Pakistan to have approved such resolution.

The news about the approval of resolution was first shared on Twitter by the Member of the Provincial Assembly (MPA) of Khyber-Pakhtunkhwa (KP), Dr Sumera Shams. Dr Sumera in her tweet shared the news about the resolution and wrote, “Indeed Pakistan progressing towards digitalisation to compete the world”.

In coming days when crypto will become legal everywhere in Pakistan. The question arises, which currency will be used for transactions? Definitely the one which has low fee, quick transactions and easy to use.

As in 2018, the maximum block size for BCH was increased 4x to 32MB, but actual block sizes on Bitcoin cash have remained only a small fraction of the 32MB limit.

Bitcoin Cash is thus able to process transactions more quickly than the Bitcoin network, meaning that wait times are shorter and transaction processing fees tend to be lower. The Bitcoin Cash network can handle many more transactions per second than the Bitcoin network can. However, with the faster transaction verification time comes downsides as well. One potential issue with the larger block size associated with BCH is that security could be compromised relative to the Bitcoin network.

So it is clear that till now, Bitcoin Cash is one of the most economical currency which is fast and easy to use it will have great impact in Pakistan once crypto get legalized there. It can become people's first choice which will help Bitcoin Cash market to grow much larger and indeed will have positive impact on Pakistans regular transactions.