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Php is the currency symbol for Philippine peso. The word peso is piso as the form of the 100cents or centimes in Filipino basically symbolizes as ₱ while Bitcoincash is a cryptocurrency from the forked Bitcoincore(this is too common to us).
Well obviously Php is fiat, that means its value is stable unlike Bitcoincash. We all know that Bitcoincash or other cryptocurrencies prices are volatile. That means their prices can be goes really low that can possibly owner of Bitcoincash lose its profit and the possibilities of gaining high profits if Bitcoincash price is pumped.
PHP CAN USE ANYWHERE
Bitcoincash has not yet spreaded most of the small countries like Philippines despite of being Social Media Capital of the world. So, people are relying to the local currency when it comes to making bank transactions, purchasing things, cheking in hotel and many more. All though Philippines has some popular E-wallet such as Gcash, Paymaya and Discartech, these wallets are only using Php for making transaction inside of it.Another thing is, Bitcoincash can’t be use for making small transaction in Philippine like paying for riding tricycle, buying candies, baluts or fishball due to the fact that not all street vendors has mobile phones that they can use for storing Bitcoincash.
PHP’S HAS CAPACITY OF CHANGING APPEARANCE
Philippine Peso is always changing its appearance and designs every presidential terms. Php comes with specific designs, textures , forms and colors based on its value. Php has metallic coins form for the small values and paper money for its higher value. Php’s highest value is Php1,000 that’s $20 in foreign currency exchange. This 2021 also Philippine announced that it will going to have Php5,000 bill as the highest denomination of the Philippines.
PHP IS CENTRALIZED
Fiat most basic advantage is its centralization. Centralization that really important for problem concerns about your money. Organization BSP or Bangko Sentral ng Pilipinas as example can be one of the center of decision making about the currency.
Comparing Bitcoincash’s value to Phillipine Peso value is too far from reality. Bitcoincash decimal form is to much greater than the decimal form of Php. Currently 1 Bitcoincash is Php21,685 while the Php 1 is only 0.000046 based on the current Bitcoincash price.
BCH IS DECENTRALIZED
One of the best advantages of Bitcoincash and other cryptocurrencies is the decentralization. Meaning, decentralization protecting our transaction is from the institution’s hands. Transactions are freely controlled by us.
BCH CAN BE MULTIPLIED TROUGH HODLING OR TRADING METHOD
Bitcoincash’ers are earning Bitcoincash from the actual amount of their Bitcoincash. They have different methods on how can day multiply gaining profits using their Bitcoincash that Php can’t do. What I mean here is the conviniencies of these methods they’ve used when it comes to earning profit with Bitcoincash. The fact that alteast $2 worth of Bitcoincash can earn profit through different methods while Php 200 is having difficulties how to multiply it. Bitcoincash has bunches of methods compare to Php.
BCH HAS QR CODE
One of the popular technology and most of the people using is the QR Code. BCH wallet can be stored using QR Code for receiving and making other transactions while you can’t convert your worldy wallet in QR Code for storing PHP right? HAHA
Below are just comparison and what can possibly happened if we use the both currency. They have different uses and purposes to our lives, they can use in many way. BCH has the advantages that PHP can’t do and PHP has the advantages that BCH can’t do. They’re both important in many ways!