A few advantages of Bitcoin Cash

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Avatar for FrostyCrypto
3 years ago

Bitcoin Cash is a digital currency that is based on blockchain technology. You can use to send coins to your friends or family. One advantage of Bitcoin Cash over a fiat currency is that you can send Bitcoin Cash to anyone in the world. You don't have to be close to them or have to mail anything in an envelope. You can send it to them digitally. That means no matter what country or territory the recipient is they can receive the Bitcoin Cash safely without fear of it getting lost in the mail or stolen. Another advantage to Bitcoin Cash is there are no chargebacks. Lets say that you are selling a Cake to someone. If someone buys your Cake with Bitcoin Cash then eats the entire Cake. They cannot commit fraud and get their money back from you. They cannot call a company such as a bank, credit card company, or payment processor and demand that you refund their money. Once a payment is made in Bitcoin Cash that transaction is permanently stored on the blockchain and cannot be removed. Let's move to another example of why Bitcoin Cash is so great. Let's say you live in Europe and you want to send money to your family in North America. Traditionally there would be things such as fees, currency exchange rates, and laws that eat away the value of what you are sending. With Bitcoin Cash you only pay one fee which goes to the miners that are processing your transactions. Usually this fee is WAY smaller than all the traditional fees of sending money. As you can see Bitcoin Cash has huge advantages over regular fiat currency. The network is constantly growing with new users joining all the time. Maybe you should consider using Bitcoin Cash in your day to day transactions.


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Awesome

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3 years ago