Offering Bitcoin cash as a solution to big problems of a small economic system.

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Bitcoin cash has many advantages when it comes to being applied in any monetary system, which is why its adoption at a global level has been of such importance, not only for those of us who are part of this project, but for thousands of people who have managed to find through BCH a solution to many existing problems in their environment.

Applied in a small business system:

Bitcoin cash has the great advantage that it can be adopted by anyone anywhere on the planet, immediately and without any type of extraordinary requirement, so it is an excellent solution to multiple problems such as those that arise today in many small towns, with small business systems in the same way.

An example would be the community of Colon, Táchira state of Venezuela place where lives a great friend who has told me the strong situation lived in this place and in much of the country.

Place where many small entrepreneurs have decided to create small businesses which have been intimidated on most occasions by various problems generated by banking and economic situation present in this country.

Taking this small trading system as an example, what solutions could Bitcoin cash provide to these users?

1) Monetary versatility:

One of the biggest problems in this place is the small amount of cash that circulates in this area, this because the official currency has taken a more digital direction.

On the other hand, in this country due to the problem mentioned above, its population has opted for the use dollar as the main currency of trade, however there is no official dollarization by the country, so the amount of US cash existing in the country is limited.

Which has triggered a big problem when it comes to giving change or paying exact figures, for this reason in many cases people are forced to spend more than they wanted to be able to complete the value of the ticket they wanted to use or on the contrary resign themselves to make their purchase because the trade did not have enough change to return it.

Bitcoin cash would enter here as a great savior, allowing the collection in exact amounts, without worries like the one mentioned above, dynamizing much more the trade in the area.

2) How difficult and expensive it is to get a dataphone

As I mentioned before, the official currency of this country "Bolivar" has taken a digital path, because it was forced to change its entire monetary cone on 4 occasions in less than 10 years due to its great inflation, so to reduce the costs that meant printing more and more banknotes, the government of this country chose to name this new monetary cone "Digital Bolivar" so the monetary operations that are carried out even in this country with its official currency are carried out through the use of debit cards, so a dataphone is of vital importance for any trade.

The big problem is that each of these dataphones have incredibly high prices, due to the small amount that are available today, so many businesses are forced to rent these instruments, paying monthly installments, running the risk that it is damaged and have to pay it as a new one, losing money every day.

Bitcoin cash would destroy this problem, due to its ease of use and dynamism, so any large or small business that wanted to adopt BCH, could do so through the use of a mobile phone, obtaining great advantages, such as the fact that all monetary operations made through BCH, would be effective in their wallet immediately, unlike those made by dataphone that usually become effective at 24 hours after the purchase is made.

3)Security.

The last but not least is security.

We all want our money to remain safe, that no one can get their hands on it and mainly, that we are the real owners of this money.

Something that does not happen with FIAT money, much less in this country which has become in great controversy for losses and theft of money to multiple users, for various failures in banking platforms, data theft and card cloning made very frequently in multiple areas.

Bitcoin cash presents for everyone a totally safe, fast and effective system, being the only and total owner of all your money, with extremely small commissions for large or small transactions, being one of the most used and adopted cryptocurrencies worldwide.

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Comments

its population has opted for the use of pain as the main currency of trade

What? That sounds awful. Probably a typo?

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1 year ago

@molecular Yes sir, excuse me for the mistake, I use the help of a translator and the word "Pain" in Spanish is "Dolor" similar to the dollar currency.

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1 year ago