Promoting the Use of Cryptocurrencies in Retail (Part I)

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Avatar for EneidaPerez
3 years ago

COVID-19 brought changes on the global level. In the twilight of the last century there was much talk about a change of Era, according to Mayan predictions, as there were no significant transformations in the year 2000, the interpreters of the ancestral legacy transferred the date to 2012, nothing happened, however, Just at the beginning of the second decade of this century, COVID-19 erupts as a transforming element and it is in 2021 when the transition of humanity towards the so-called Age of Aquarius becomes more noticeable. We are in the presence of the true change of Era.

In this context and forced by the fall in the dollar price at the beginning of the Pandemic, large investors rushed to protect their money in Cryptocurrencies, they realized that they could have greater control over their investments under decentralized money vs. Fiat currencies or centralized money, that is, they depend on intermediary organizations or banks that in turn are regulated by a Central Bank in each Nation, which makes them prone to becoming political.

This situation led to the promotion and diversification of Cryptocurrencies, especially after Mr. Elon Musk made public his intention to accept Bitcoint as a means of payment for the acquisition of Tesla cars.

Small populations do not escape this reality, particularly in my country Venezuela, as we know here we are going through what is emerging as the largest hyperinflation in the world, the official currency; The Bolívar has been devalued by 230% so far in 2021, the circulation of cash is almost nil, banks only allow you to withdraw Bs 500,000.00 with which you only buy two bread rolls or a Cambur, the The highest denomination ticket is Bs 1,000,000.00 with which you can buy a Peasant Bread and the Minimum Salary is Bs 1,800,000.00 (one kg of Cambur)

The above described has led to a de facto dollarization, obviously the US Department of the Treasury does not provide the precious Green Currency, apart from that the diaspora sends electronic remittances to their families and that is where electronic currency transactions come in, it should be noted that the effective dollar is bought 60% below its official value.

That is the space that we must take advantage of as Dash is doing through Dash Text, however, as long as the BitcointCash developers do not offer us a similar tool, it is we, the BCH holders who must promote and encourage the use of BCH for the retail in local businesses, the purpose should be to break the resistance that exists in the common citizen to carry out Cryptocurrency transactions as they do with the Bolívar through Mobile Payment and P2P mechanisms.

As all this is achieved with education ... with multiplication of knowledge because fear and resistance nest in ignorance

With that end in mind, I investigated the local market, conducted a survey with a random sample of 50 people in the commercial area of ​​town, the results are presented below:

Question 1:

Question 2:

Question 3:

Question 4:

Question 5:

Question 6:

Question 7:

Question 8:

Question 9:

With these results, I developed a plan for the disclosure and use of Cryptocurrencies, proposing to start with merchants by showing them the benefits and security of wallets, of course, they must also learn to recognize the potential scams that swarm in the system and how to protect themselves; then it is necessary to multiply the teaching to the clients… to the citizen who buys every day in the local commerce.

The purpose of the survey was to point out the real learning needs of the participants, in this way the areas that must be insisted on to break the resistance and replace the paradigm that only centralized money is reliable and above all, break the myth that electronic transactions facilitate scams ..

In the second part of this document I will tell you about the structure of the Plan

I hope the data is useful to you and thanks for reading me

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