It is a better idea and initiative to all of the people here in our barangay to adopt bitcoin cash. Imagine if all people here have bitcoin cash and earning bitcoin cash to online earning sites like read.cash and noise.cash, and all other earning platform that pays bitcoin cash it'll be good and benificial for the people specially to those who don't have a work to sustain their daily needs. If the entire barangay will be aware about bitcoin cash it may result to a bigger improvement.
This is really a prove that Bitcoin cash can change the world to a new whole world.
One of the advantages of accepting Bitcoin cash as a mode of payment is:
Convenience
Bitcoin cash can do or process payments and transactions very fast with a very low transaction fee than BTC Network. If all individuals in our barangay have installed Bitcoin.com wallet, it is much pretty easy to pay the items they purchase without bringing big amount of money. Like a whole 1,000 pesos, 500 pesos and so on. In Bitcoin.com wallet when sending amount of money won't need you to get a whole money to pay and receive a change. In Bitcoin.com wallet, there are 3 options either you send via QR code, Shareable links and or by just tapping the SEND button. How much money will you pay you will just have to do it like this.
This one is obviously the QR code. By scanning the receiver's (store owner/cashier) QR code you can send the desired amount you need to pay.
I change the currency to PHP (Philippine money) for me to type easily the amount we need to pay for our purchases.
This is when you tap the shareable links. It is very simple. You can create shareable links for payments or as a gift.
The picture below shows the option "Send" by clicking it and pasting the receiver's address you can send how much money you need to pay. No change, just an exact amount.
See? It is very simple and easy. The store owner or store teller will no longer give you a change. It's less hassle. So convienent.
The pictures above are the examples of how the payments works in Bitcoin cash if it will be applied as the mode of payment in all small stores in our barangay. As much as the people have enough bitcoin cash in their own respective wallets. They can easily send them payment like this.
Perks of using Bitcoin Cash
Bitcoin Cash has cheaper transfer fees (it cost $0.20 or below per transactions. It depends on how much money will going to send) so basically, making transactions in Bitcoin cash will save you more money than using BTC.
BCH has faster transfer times. So, you don’t have to wait the for how many minutes or hourse to send another transaction. It only takes few secs to verify a transaction.
BCH can handle more transactions per second. Because it is Peer-to-Peer so basically this means that more people can use BCH at the same time.
By the use of Bitcoin cash we can pay our bills, purchases using bch with a very fast transactions and payments and also Shareable links as payment. This is also effective when you have debt it's either in a store or a specific person whom you borrowed the money.
That's what Bitcoin cash can do in every small stores here in our barangay. See how amazing Bitcoin cash is. That is only a what if but if it really implemented in our barangay in the near future and when people already aware of Bitcoin cash then the best is yet to come for our barangay.
Bitcoin cash the future☝
On the other hand the read.cash fund hits 7 digits. Thanks and cheers to @MarcDeMesel for funding read.cash. Bitcoin cash is really on it's way! BCH for the win!
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Thank you for visiting and reading this article. Have a great day ahead!
My other articles:
My ways of spreading BCH awareness in our place
Bitcoin cash: My financial savior
This is a good idea but we have to think through about taxation and other government regulations. Will the income be taxable? How will the VAT be reflected in the price? I hope you could also write your thoughts about the possible challenges of BCH if adopted as mode of payment for daily transactions.