Can I make a Payment using my Bitcoin Cash

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Avatar for ExpertWritter
2 years ago

A while ago, I have a conversation about money in my Facebook shared post and we are talking about the look of the ten peso bill before

Click the Image for ths Source

with ate @Ruffa . Since when the year (2000) that I born until I become a Elementary school kid until now, I never experience saw or hold a money like that in person. Because the time that I was already kindergarten in the year of 2006, the 10 pesos is already a coin and the 20 pesos is the first paper money that I hold and I guess, when the play money was become trend to us as a small kids that was just my chance to hold a 10 pesos in a paper. Lol

I am so very amazed by the look of 10 pesos in their year before I was born. The color of the money is making me feel like "I want to hold that kind of money in the first time!" but I just remembered that my Grandpa like to collect a old money before that I never realized that it was real, even the dollar peso before that my aunt always give to them when they just got home from the other country. I thought when I was a kid that is just a play money.

But years past and the look of the money was changed

Click the Image for the Source

even the coins that we hold and I also read a news before that the next money will be all coins even the 100 peso, 200 peso, and above they are planning to make them all look as 1 peso to 10 pesos.

At first, I disagree that they will make our money here in the Philippines all coins because of these Reasons:

  • What if they will lose their money in their pockets? Imagine the simple look of coins but the value is big amount right?

  • The money is so heavy to carry that even the wallet cannot be carried.

But I am not sure since our money here is still look all paper and just their look was changed even the coins.

But ate Ruffa's opinion is opposite. She said that it is because the paper money is easy to tear which is I find it that she is also right. Because some of the money here, years past and many people always hold the money like it is really a paper like a paper that every student used. When I hold a exchanged money from the store, I remembered that the Twenty peso bill that I recieve has a name, and or sometimes numbers written by pen the side of the money is teared and just Fixed with scotch type.

What is the reason why some of the old money here is still use:

Money is still money, it can still use, even if their look is old, and they are just fixed. Because you know, for us money is it cannot be find everywhere. It is so hard to accumulate it and we all know that we need some hard work and effort just to hold some, save, and or buy things that we need for our living.

In the middle of our conversation in the comment, I also mentioned that I am hoping that It is good if Bitcoin cash will be the way of payment in the Philippines but it is impossible since there are a lot of pros and cons of having that here.

Pros of having bitcoin cash as a Payment in the Philippines:

  • Easy to make a payment in paying some things around and it is more easy if there are a qr code banner in each store or places to pay.

  • You don't need to carry a lot of money using ordinary wallet and or card your bitcoin.com wallet is enough.

  • Far from other people who are taking your money.

  • You can saved more BCH if the Bitcoin cash price pump and everyone will be not experiencing corrupt.

Cons of having bitcoin cash as a payment in the Philippines:

  • Lack of people knowledge about crypto currency, not all of the people around the world knows about Bitcoin cash and other crypto currency related. So, it is impossible for us to do a payment using Bitcoin cash here esp. those kids who are needed some allowances in their School.

    Solution for kids: Bitcoin.cash CARD

  • Government Corruption of course, if you are a Filipino you know how the Government handle a situation if we are talking about money right? They will prohibited earning many people in crypto currency world. lol

But of course, some of us are making that way of payment already like for example:

  • If you don't have load balance and some stores are close in your area you will just find someone who you know earning BCH that have a E-Loading business and you will pay and send your payment using your Bitcoin cash earnings in your BCH address.

Which is very helpful because it was a less hassle because you don't need to go out due to this hard kind of situation of us right now. Lockdown in other places around us and some of us choose to stay at home to stay away in virus.

End of my Thoughts...

This is just a what if's or it will never happened. Knowing that in our country you know how hard to deal with the Government about Money and I am scared if they will banned those earning platforms where we earned. What do you think?

Speaking of payment, our parcel is now in the way and I will recieve that later and I will update you in my Noise.cash account. Thank you for reading!


My previous Random Topics:

When you are kind and generous person

Creative thinking is better than anything

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Two songs that I listen to makes me motivated in writing

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2 years ago

Comments

2000? So, naabutan ko pa pala 'yang 10 peso bill na 'yan pero dahil for sure na wala pa akong muwang that time, for sure din na di ako nakahawak ng ganiyan. At 'nung nagka-isip na ako? Phase out na yata s'ya.

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2 years ago

Same here. Wala pa akong kamuwang muwang nung mga panahon na yan mga elementary na siguro si ate ruffa nung may 10 pesos na ganyan. 😳

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2 years ago

Baka ang alam ko pa lang na coin n'yang mga panahon na 'yan is piso or baka wala pa. πŸ˜‚

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2 years ago

Wherever money ultimately goes it will be interesting to see. I tend to be one who does not believe fiat will ever completely go away. I think it will always have transactional value and exist. But we have also seen many changes in trends as to how people spend money over the years, and so I think we will continue to see that.

I mean, even here, little paper money is actually used, and neither are coins. Most transactions are done with debit and credit cards, and yet others are increasingly doing transactions with their cell phones.

Where does crypto fit in all of this? Who knows? Only time will tell.

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2 years ago

Most transactions are done with debit and credit cards, and yet others are increasingly doing transactions with their cell phones.

So true, I can see some people like that and I think that only rich people can do that. Paying using phone as a transactions. I am also planning to apply for my Gcash Card so that I can just use that to claim my money and not going to some bank offices.

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2 years ago

Not just rich people. Here in the U.S. these kinds of transactions are just the trend, and even the poorest people have cell phones and bank accounts.

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2 years ago

naabutan ko ung piso na malki tas may agila, meron pang isa diko maalala pero andaming coins namin noon na puro luma, inanod na ng baha HAHAHA

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2 years ago

Halla. Anong coins yan? Wala akong matandaan na yung may agila. Anonh year ba yan? πŸ₯Ί

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2 years ago

matagal nayaann yung malaki syang coins na may agila na signnn

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2 years ago

Eh di din ako nakakita ng ganyan. Halla bakit ang unfair HAHAHA πŸ₯Ί

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2 years ago

seryoso ka? yng malalaking piso dimonaabutan???

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2 years ago

Hindi hahaha papel lang na naabutan ko na 20 pesos. or baka siguro nakahawak na ako ng ganun nung bata pa ako diko lang matandaan

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2 years ago

Naka hawak pa rin naman ako nung 10 pesos bill!! Akala ko nung una na di yun totoong pera wahahahahaha.

Anyway, parang naka experience ako nung isang araw nung magbabayad ako sa shopee or bank transfer ata na puwede mag bayad gamit cryptocurrency. Ewan ko. Limot ko na. Hahahahaha. Basta gamit ko coins.ph ko that time. πŸ˜‚

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2 years ago

Shenel. Hanggang play money lang talaga ako kuyang 😭 HAHAHA

Baka kinonvert mo na iyon to fiat? 😳 Pwede na pala? Tignan ko nga pagsunod na bibili ako wala pa budget for now pag nag $1000 pump si BCH 🀣

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2 years ago

I got a chance to hold a ten-peso bill back then. And I think our wallet would be bulky if ever the government decides to make 100 peso bill a coin but I just realized that Ruffa had a point too. Anyway, let us wait and see what the government has in store for us.

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2 years ago

Meron na daw 20 pesos na coin. May nag comment dito eh. Meron daw siya. πŸ€¦πŸ»β€β™€οΈ Wag naman yung mga may malalaki na halaga ng pera kasi paano kapag nawala nila eh di nganga

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2 years ago

Yes, meron na. Sana nga sana

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2 years ago

Nahawakan kona yung 10 pesos dati kaya lang mga dalawa or tatlong beses lang yata yon, inutusan ako ng mga lasing bumili ng sigarilyo hahahaha.

Hindi ko natapos basahin to kanina nag brown out hahaha ngayon ko lang ulit na balikan πŸ˜†

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2 years ago

Sana all naka hawak na ng 10 petot na ganyan huhu 😭 gusto ko talaga makakita ng ganyan yung ganyan ni Lolo wala na eh. Napunit punit na kasi dina kinaya ng papel. πŸ₯Ί

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2 years ago

HAHAHAHA bat gusto mo makahawak? Papel lang naman yon. Ganyan din mukha sa personalπŸ˜†.

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2 years ago

Eh kasi diko pa nakikita sa personal 😭 ang ignorante ko pero sana all nakahawak ng 10 peso bill noon

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2 years ago

I appreciate your thought on this issue but I don't really think cryptos generally should be used as a mode of payment because of the price fluctuation problem. One moment it's high, the next its low. This can be really disadvantageous to the holder at the point of drop.

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2 years ago

So true. That's why I said that it is really impossible that crypto will be the mode of payment here in the philippines plus everyone is not that really genius in studying about crypto too.

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2 years ago

✌

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2 years ago

You're referring to fiat money, right? Well in a business process any crypto will be the variance of the lost kasi if the good trader wasn't a crypto trader. We cant compute the right gross income and output cost so might be too risky in a business hehe. But in the future, BitcoinCash will be integrated into my business too, but not the fully paying scheme for I need to compute the business income for the tax..

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2 years ago

True. Mahirap din or mahihirapan din kapag gagamitin na Payment ang crypto mga siguro sa mga may alam or gumagamit nalang ng crypto maiaapply mga to. Just like kapag nagpapaload ako sainyo.

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2 years ago

Play money lang na 10 peso bill nahawakan koπŸ˜‚ .aganda rin sana payment ang bitcoin cash dito kaso di msyadong knoledegable ang tao dito about bch

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2 years ago

HAHAHA same here. Play money lang din na hahawakan ko lol 🀣 halla hindi lahat may alam sa crypto. Madami ka pag aaralan about dito.

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2 years ago

Maganda din ung 10php noon ee. Awan bakit aksi inalis. Kulay brown pa naman, kayumanggi ganon.

Anyways, soon sana ma adopt na rin ang BCH sa atin. Pwd naman ee legal naman satin yan. May iilan na ngang tumatanggap ng ganyan dito. Iilan nga lang.

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2 years ago

Kaya nga eh ate ropa. 😭 Naghahanap tuloy ako Hahaha Gusto ko makita as in sa personal iba kasi siya sa mga ibang pera dito sa pinas. Parang ang unique

Halla meron na pala? Diko knows. Ang alam ko sa mga users lang. Trending nga ngayon ang Axie

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2 years ago

Nakabili ako mars gamit 10 Peso bill noon. Elementary pa ako nun..☺️

Oo nga mars pano kaya kung mangyari Yan dito sa bansa natin. Less hassle na..

God bless you mars..πŸ™πŸ˜‡

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2 years ago

Sana all. Anong year yun mareng ako kasi 2006 wala na ata talaga yan. πŸ₯Ί

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2 years ago

Nakakita ako ng 10 peso bill datiiii sa lola ko hahaha.

And yeah, I guess, our country is not yet ready to adopt bitcoincash and another cryptocurrency because most of the population lacking knowledge about it.

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2 years ago

Sana all. Ako hindi pa talaga nakakakita ng ganon sa personal πŸ€¦πŸ»β€β™€οΈ Hays gusto ko makahawak. Ganda ng color ibang iba or wala na atang color brown na ganyan sa mga kwarta now

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2 years ago

Wala ng ganyan. Naghihirap na Pilipinas, tingnan mo may 20 pesos coin na. Hahaha

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2 years ago

Napakaconvenient tlga for us if mangyari yan, Pero siguro mahabang pag aaral gagawin ng store if mag accept sila ng bch as payment, kasi nga volatile ito.

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2 years ago

For sure po tsaka alam mo naman ang gobyerno po dito sa pinas hays.

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2 years ago

Korek, baka ati yan eh lagyan pa ng tax, alam mo naman government dito, tax here, tax there, tax everywhere, hahahaha

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2 years ago

Kaya nga mare. Hays kaya di umuunlad bansa natin eh πŸ€¦πŸ»β€β™€οΈ

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2 years ago

I still have the 10 peso and 5 peso bill on my wallet. I kept it and I feel so old. πŸ˜¬πŸ˜†

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2 years ago

Halla sana all. 😳 Patingin ako ate pwede mo po ba ipict tapos send mo sakin via tele? Gusto ko talaga makita in person puro lang kasi posters nasa may google

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2 years ago

Ano ba name mo sa tele? Hehe. Sorry late reply πŸ™ˆπŸ˜†

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2 years ago

@IamExpertWritter , okay lang po ate πŸ₯°

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2 years ago

Meron pa nga dati madams yun 2 peso na paper bill,hehhehe

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2 years ago

Wala na ako nung 10 peso bill pero meron ako ngayon nung 20 pesos na coin naman. Baligtad na πŸ˜… anyway super convenient ng bitcoin at virtual wallets ngayon talaga. Nakakatuwa

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2 years ago

Halla meron ka? Seryoso? Puro 5 at 10 lang meron ako pero iyong 20 pesos wala pa 😳

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2 years ago

Yup meron hehehe naisusukli minsan galing grocery

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2 years ago

Meron akong 10 pesos bill before, grade 1 ata yun? And I think Day Care ako nakakita ng 10 peso bill.

Alsooo, yup, di mawawala ang corruption mindset ng mga officials, pera ehh. Kaya okay nalang siguro na hindi BitcoinCash or Crypto’s yung method

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2 years ago

Halla sana all nakahawak. Ako hindi 😭 HAHAHA ang ganda ng kulay ha. Ilang taon mo na nga ulit? Kaya nga eh for sure naman na alam mo na bibigyan at bibigyang lusot ng gobyerno para makakurakot nanaman

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2 years ago

Uyy same haha. Ako din di ko pa na try maka hawak ng 10 pisong papel na totoo haha.

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2 years ago

Wala na ata ngayon HAHA gusto ko talaga makahawak ng ganyan ang ganda ng kulay πŸ₯Ί

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2 years ago