The invention of Bitcoin Cash (BCH) is an innovation as we believe is as important asthma internet itself. The centralize digital currency is a concept that has only existed science fiction untill recently. With BCH being such a new technology there arw many ideas about it and how it will affect our lives.

So here is the top 8 lists of ways i believe that Bitcoin Cash will change the world;

ⓐ Removing Inflation

Inflation is the gradual increase in the money supply. With fiat currency, the supply can be inflated by simply creating more with the printing press. Printing more of the currency devalues it which is why inflation is also known as the hidden task. The process of inflation is responsible for the US dollar loosing 98% of it's purchasing powers since the federal reserve took control over the supply in 1913. But this process is often slow and difficult to notice. It can and does happen and at much faster and noticeable rate. For example, in 2018 Venezuela was inflation rate hit at an unbelievable 80,000% causing its fiat currency to be worth less than the toilet paper it can buy. With cryptocurrencies such as Bitcoin Cash, this is not possible after the initial supply of 21 million coins that can be never anymore created. There is no inflation and no hidden task which will produce a much more stable global economy.

ⓑ Banking The Unbanked

Around 1.5 million people around the world still do not have access to banking. The reasons range from being excluded for not having the proper documents to living rural areas or developed countries. But with the rising use of cell phones, of these people can use Bitcoin Cash for their bank. Bitcoin Cash does not require documents, identification, proof of residence, or many of the other barriers that excludes so many people from securing their finances. Service such as CoinText enables the use of cryptocurrencies such as BCH without internet access or even advanced smartphones. Any old cellphone with sms capability can give financial freedom and security to almost anyone, and anywhere.

ⓒ Financial Transparency

While Bitcoin Cash transaction can provide a great degree of privacy, the default transparency of the underlined technology can be useful in certain situations. Many publicly funded organizations could be better off for everyone if their finances are completely transparent. And blockchains technology makes this possible. Government spending public tax monet and shareable organizations using donations can be held more accountable to the people who will fund them in the future.

ⓓ FundRaising

Bitcoin Cash is changing the way money is used. For example, in the US, capital raising is legally limited to just 3% of US residents with the net worth of more than 1 million dollars. Coin offerings can raise business capital from anyone, anywhere at anytime. Anyone who has a good idea can try and find investors anywhere in the world. Investors and regulators are getting smarter and more experienced with this method of raising capital.

ⓔ Giving To Charity

Whether assisting in dissaster area or feeding the less fortunate, we would all like to see more of our donated money reach the ones in need. Currently, many popular platforms such as Amazon, Paypal, and Crowdrise charge up to a 2-6% transaction fee on top of the 30cent few for every donation recieved, making smaller contributions impossible. Or in practical, crypto currency can remove this barrier by removing fees almost entirely. This opens up the possibility to accept micro donations as low as a few cents and allows more money from any transaction to reach this in need around the world.

ⓕ Creating Energy Infrastructure

If you are reading this article, then you are probably fortunate enough to have access to electricity. It may surprise you that approximately 1 billion people on earth do not have reliable access to power. One of the many reasons for this is that energy infrastructure is expensive to build. And there need to be enough demand to pay for the cost. Rural areas in the world may not have enough population for power companies to make a profit. Bitcoin Cash have the potential of changing this by allowing power companies to sell the excess electricity to BCH miners that would have otherwise gone to waste. This could allow energy infrastructure to be built in places that might not have been possible before.

ⓖ International Remittance

Every year, hundreds of billion of dollars are sent by working immigrants back to their families. But with all of the regulations involved, the cost of sending cross-border remittance average around 5% for larger amounts and can be significantly higher for smaller transfers. Cryptocurrencies are peer to peer, meaning they transfer directly from one individual to another removing the needs for banks and other intermidiaries. It's not just cost effective, cryptocurrencies such as BCH have no closing hours, or border restrictions, making it simple to send money anywhere or anytime to anyone nearly for free.

ⓗ Removing Of Middleman

The primary innovation of BCH is removing the middleman from financial transactions. But that ability can be extended to business and applications aswell. There are endless amount of companies that can take a large few for connecting users to services. Many of which can be replaced by using BCH. Take right sharing services like Uber, or Lyft for example, this services connects individuals looking to pay for a ride with individuals who are willing to drive them. For connecting the individuals and facilitating the transaction, this companies takes as much as 30% of the total few. Bitcoin Cash and blockchain have the potential of eliminating middlemen services, such as these, by allowing the customer to securely pay the driver directly. The application itself could even be automated by building a decentralized application using smart contracts. In the future we hope to see the middlemen being squeezed out across so many industries. Transferring the savings to both the consumer and the providers...

And that wraps up my top eight ways that Bitcoin Cash (BCH) can change the world. Now we have a lot to choose from, so lets me know if i have missed something that you believe deserves to be on this list.......

I remain Ares_Diego