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Bitcoin Cash makes its way into remittances

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Written by   387
1 month ago

Since a couple of decades ago, maybe less for others, many of the people living in countries such as Colombia, Argentina, Bolivia, Ecuador, Venezuela, among others. All these belonging to the South American continent ceased to be a good option to live with dignity since their economic situations as well as their social and political situations have been in decline over the years. Many of us are aware of the situations that countries such as Colombia, Brazil and the devastating situation that Venezuela is still going through at the moment, having been such a rich country. Different situations arose that forced each family to stop thinking of their own nation as a stable and safe option to leave everything behind and start a new life in a better place, in many occasions leaving everything behind due to the great crisis, their house, their friends and the most important thing... their families. All this in search of a better quality of life and a better future for them and their families.

When they finally left their countries due to the lack of opportunities and had a job or some means of acquiring money, their thoughts were with their relatives in their country of origin and despite the fact that in many moments they did not receive enough money for their professions that for so many years had been a great effort due to lack of documentation, for being a foreigner or other reasons that caused the migration of people with high academic and professional training in the nation of origin who migrate to foreign countries in order to generate more and better income in the destination country than what they generated in their own country

Therefore, at the moment of sending money to their relatives still inside the country, they made use of different methods of payment in cash through foreign banks to banks of the state, being left with a quite high commission with respect to the amount of money received, however, being an undocumented person in these foreign countries, it is not possible to create bank accounts if you do not have an identity document, Therefore, they had to make use of various other companies that offer financial services to send and receive money, although the expense with these companies is usually higher due to the high commission costs to send money to another company that offers the same service or, failing that, a bank account.

Since the emergence of more and more companies began at the same time the competition between them and for which one was offering a more efficient work under a lower price of commission so they began to promote more and more services of online payment methods such as PayPal, Zelle, Wells Fargo, AirTM in which it is possible to pay, However, in spite of being a very easy to use service, users realized that their commission per payment was very high, which was not convenient for many of the people who made the conversions to the national currency. Therefore they opted for various services such as Zelle due to its lack of commission at the time of making a transaction, however to make use of it you need a bank account in the United States in addition to several other requirements for its creation, so if you need to make use of this means you must have an acquaintance, friend or relative who has a U.S. bank account or otherwise pay high commissions to make your payments.

All this in contrast to the cryptocurrencies which have begun to be used all over the world, however in Latin American countries there is not much knowledge of them as a method of sending and receiving money anywhere in the world without having a foreign bank account or thousands of requirements for its opening, You only need to download the virtual wallet or exchange in an electronic device completely free and easy to use by just accepting the cryptocurrency as a payment method or buying through exchanges such as Binance in the P2P, Coinbase, Blocktrades and Local. bitcoin.com.

Between countries such as Argentina, Venezuela and Spain you will be able to contact the Bitcoincash House team directly to access or buy Bitcoincash and send remittances directly to your family's wallet.

We also had the opportunity to visit Mrs. Mary Julia who is a living example of this, she has her daughter living abroad for about 3 years, for some time we talked to her about the cryptocurrency bitcoin cash and through the wallet she receives her money remittances from Chile.

Afterwards, she makes the exchange to bolivars in a very simple way or through the available online exchange houses, and also makes purchases in the nearest place where they accept the cryptocurrency.

She herself tells us that now it is easier to receive her payments and exchange them little by little through the needed ones.

So we can say that although it is a new payment method, it is very easy to use and the best thing is that there is no middleman! Access right now, download your wallet and start using bitcoincash, is the best option for your personal use as well as business when making a transaction because it is fast, easy and safe for anyone who handles money transactions constantly and if you do not have a dataphone or want to make a payment outside the country this your wallet is all you need.

In addition, bitcoincash is a very versatile and universal cryptocurrency which manages a very low margin of commission being the most used by businessmen and private users for their payments and operations, these in turn recommend it and give their security.

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Written by   387
1 month ago
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Comments

I identify with everything you mention here. I believe that the use of cryptocurrencies in Latin American economies is invaluable. I live in Venezuela, and money management is not just a matter limited to remittances. It's everyday life for those who live here. Whatever we do, we are always looking for a way to protect our money, and make things a little easier. Just yesterday, I used BCH for the first time to pay in Venezuela and shared my experience here. I was positively surprised by the low fee charged on the transaction. In the past, I had used other cryptocurrencies to pay, but never with BCH. And so far, I see that it's a great option. I hope that every day there are more places available to use it.

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2 weeks ago

E notado que en cierto establecimiento implementaron el pago en crytomoneda, pero no todo saben el potencial que podría tener , la situación actual en mi país es más que evidente pero w podido ver la luz gracias a las crytomoneda es más gracias a la plataforma noise.cash refente a read. Cash e vidto que es una maravilla pero solo llevo poco tiempo seré paciente, gracias por tu artículo me gustó mucho

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1 month ago

I hope, my country will totally adopt BCH and other cryptos so we'll gonna have more merchants where we can spend our BCH

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1 month ago

do the work I do... spread bitcoin cash so that many people use it.

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1 month ago

Not all merchants in our place are open-minded to crypto.. So better target the millennials.

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1 month ago

Just as you rightly said, bitcoincash is very versatile and also it is a universal cryptocurrency and the margin of commission it manages is very low since it's the most used form of payments of operations by businessmen and private users.

Nice one

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1 month ago

Thank you, I do this so that there is always a record that Bitcoin Cash works.

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1 month ago

Late last year there was nation wide Endsars protest here in Nigeria. So many Celebrities all over the word supported the citizens and decided to send financial supports. They couldn't said money through banks due to Governments regulations, crypto was the saving grace. They sent supports in form of cryptocurrency, just that they choose the wrong one -Bitcoin.

Only if they know how advantageous it is to use Bitcoincash instead of the other coin.

By the way to affirm what you wrote, I called a friend who uses Zelle and he confirmed that he is using his sister's bank details(his sister stays in the US)

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1 month ago

Thank you for your words, Africa is similar to Venezuela in many ways and one of them is the problem of international economic transfers.

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1 month ago

Yeah!BCH give freedom to these nations from censorship, pile of taxes And extra duties. BCH transaction is fast and easy to send it in the whole world.My More good devotions to this Crypto And I hope it will flourish soon again.

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1 month ago

Thanks to Venezuela, thousands of people found a way out of the crisis through Bitcoin Cash

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1 month ago