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How Bitcoin Cash Will Change the World [PART-1]

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Written by   43
1 month ago (Last updated: 4 weeks ago)

Note: When i say bitcoin it means bitcoin cash.

The invention of bitcoin is an innovation that we all believe is as important as the internet itself the digital decentralized currency is a concept that has only existed in science fiction until recently with bitcoin being such a new technology there are many ideas about it and how it will effect our lives bitcoin is becoming better known and more popular throughout the entire world. However if you're new you are not familiar with it or why it's even a big deal. It's time to learn how bitcoin will change the world and make it a better place.

Number 1: Crowdfunding is an increasingly popular way for entrepreneurs to raise money for their projects or products. Investors are making small investments while a few investors making large investments.Therefore,this minimize the risk also,and without the risk more emerging investors want to get involved . Bitcoin will make the world a better place and change the world positively as it continues to impact crowdfunding.

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Number2 : Give people control of their own money many people are afraid or don't want to store their money in the banks but due to various factors, keeping all of cash in our home is not the best option. Any economic crisis or the situation that we are having current due to this pandemic can cause serious stress. Bitcoin allows its users to be in full control of their money. We can choose our own fees- There is no fee to receive bitcoins and the wallet let you control the amount of the fees to pay when you spend.

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Number3 : Giving to Charity when assisting in disaster areas or feeding the less fortunate we would like to see more of the donated money(bitcoin) reach the ones who are in need. Currently many platforms like Paypal,Amazon and crowdrise charge up to a 2-6% transaction for every donation received making smaller contributions. This opens up the possibility to accept micro donations as low as a few cents and allow more money from every transactions to reach those who are in need around the world.

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Number4: Make Foreign money transfers and transactions safer! While reducing the fraud when transferring money internationally, Bitcoin help the make in country transactions safer. When travelling to other countries carrying a lot of cash and money cards(Debit cards,Credit cards) can be dangerous or unsafe. But bitcoin reduce the risks of carrying a lot of cash and not only this, it also eliminates any exchanges fees or transactions fees. This would keep more money in the pockets Plus it would reduce or the risk of robberies.

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Thank you soo much if you like the article please show some love and i will upload the PART-2

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Written by   43
1 month ago (Last updated: 4 weeks ago)
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