Can I make a Payment using my Bitcoin Cash
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
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
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
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.