Qualities Of A Mainstream Currencies That Bitcoin Cash Has

In able for currencies to become mainstream in a certain places or country, there are things that needs to be considered to call it as 'currency' or to be use by the people.In fact,all existing currencies like USD, PHP, EUR and many more for instance was passed every necessary things before it become implemented and declared as their mainstream currency.

So I tried to find the reliable bases on what the characteristics of money. How they become mainstream and how they become widely used.By checking some of the characteristics of money that I have found, I can say that Bitcoin Cash has it all too in every aspects of them.

Now Bitcoin Cash has really the potential, indeed! to become the mainstream currency in the future due to its useful features.Of courses telling that things or just telling to them that "Hey, Bitcoin Cash is our mainstream currency soon" or "Bitcoin Cash has the potential!". That things seems like unconvincing if we don't have bases and facts to support for it. For instance, what if they will ask you/us? In what way or how Bitcoin Cash become the future money?

In this blog, we are going to check if Bitcoin Cash has the same characteristics to the existing currencies. I'm going to use the useful and interesting article from Investopedia, 'Money'.

Let's get started.

Bitcoin Cash already proved it's capabilities to us and some of the Bitcoin Cash holders out there. (And you my reader:)). In that way, we can proudly say that "Yes, Bitcoin Cash can and It Will!". But, there is no such things like using substantial evidence and bases than just believing in our own instincts. Right? So let's dive in.

The Portability

One of the characteristics of a money or currencies is to be divisible into small quantities. In that way, the currency is flexible to be use freely without worrying about the different prices of a products we are going to exchange with.

When it comes to portability or divisibility, Bitcoin Cash is capable of that. Bitcoin Cash can freely divided into small quantities. It has the capability to become the medium of exchange that can be use for any ranges of goods prices to any ranges of a different values.

Bitcoin Cash can split into smaller quantities for a small transactions.

The Recognition And Popularity

Okay now let's say what is this currency '$'? Or this '€'? Of course, you can easily recognise that. It's is because the popularity and recognition of the currency. By just showing them that signs, they can easily say what or where is that currencies from.

So how about Bitcoin Cash? Of course, BCH has now the popularity and still gaining popularity around the globe. It is now become or a alternative form of payments in some part of the world. Merchants that accepting Bitcoin Cash are still increasing. You can check in map.bitcoin.com.

Not convincing?Guess this.

What cryptocurrency is that? BTC? XRP? Lol. I know you're laughing at this XD.

Next.....

Transportability

According to amosweb.com, one of the characteristics of the money is to become moveable. It can easily be moved from one place to another. Basically, it all about weight isn't it? Anyway this is true. Let's say for example, you are going to purchase goods and you brought you 25kilos coin for it. Is that convinient for you? Well it's not obviously. Why bringing 25kilos of coin with a small values in it? That isn't balance for a currency in any ways lol.

Well, when it comes to transportability, Bitcoin Cash can do more than that. No need to bring and fill your pocket with your coins or bring your cheque that is prone to water. You can use your fund as long as you have your 12 parses, anywhere! , or just use your mobile devices as simple as that. Easy!.. Transportability? That's too simple!.

Next.....

Noncounterfeitability

One of the characteristics of a currency or money is can't be easily duplicated due to its authenticity. Government created with those hidden features proving that the copy is authentic. So basically, people can't just do money with thier own. But, for some reason people can't avoid to be scammed by some fake money maker. How about Bitcoin Cash?

Welp, when it comes to authenticity, Bitcoin Cash has it too .Most safe and secured due to the encrypting system. Cryptocurrencies like Bitcoin Cash are too safe for Counterfeit money scams.

Next...

Durability

Currencies are too durable for long term use. It can be use to retain its usefulness that can be use for future purposes (buying , exchanging etc). Well this is replaceable by Bitcoin Cash storing ability.

You don't need to worry about the durability it, you don't need to worry about what it's look like in the future or become unrecognisable. That can't happen in Bitcoin Cash due to the fact that they are digitally stored.

Final Thoughts

After reading them , you can realized that what existing currencies characteristics has, Bitcoin Cash has it too. Anyways, cryptocurrencies like Bitcoin Cash is not perfect the same as our money. It has flaws , disadvantage and advantages.

Cryptocurrencies and fiat money shares the same characteristics. The problem is they are existed in different world.

Thank you for reading 💚

References:

Money

Money Characteristics