How Bitcoin Cash will change the world [PART-2]

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Written by

HolaHumans

zZzzZ

4 years ago

In community: Bitcoin Cash(e11c)

If you guys haven't read the First part of this so please read it - How Bitcoin Cash will change the world [PART-1]

Note: When i say Bitcoin it means Bitcoin Cash(BCH)

NUMBER 5 : MORE POWERS TO ENTREPRENEURS

There's never been a more good time to do business than it is now, in the sense that blockchain technology and bitcoin can help entrepreneurs receive payments in more currencies.The aim is to help small and medium business everywhere and to get a better financial coverage and a liberated financial connection with the rest of the world. Change is the rule of the world and the world is changing very fast and quickly . The speed at which bitcoin transactions completes is a clear indicator that traditional financial institutions can no longer hold the fort and bitcoin is taking over and the needs are arising.

It will only be a matter of time until bitcoins definitely find a way in our lives,with economic growth and shaping them for the better. Millions of people will now have the opportunity to invest,send money across borders,save money for the future and to start a business.

NUMBER6: INCREASED TRANSPARENCY OF TRANSACTIONS

Since all Blockchain and Bitcoins transactions are automated and digitalized they all tracked in a distributed ledger. The best part of it is that it can not be manipulated by any persons or companies which greatly minimize or eliminate the risk of fraud and corruption.This means that underdeveloped countries also have a great chance to enter the game of financial transactions and boost their economy and social prospects.People will be able to track of their transactions.

NUMBER7: REMOVING THE MIDDLEMAN

The primary innovations of Bitcoin is removing the middleman from financial transactions but that ability can be extended to business and applications as well there are an endless amount of companies that can take a large fee for connecting users with services many of which can be replaced by using Bitcoin. For example- UBER provides riding services these services connect individuals looking to pay for a ride with individuals who are willing to drive them for connecting the individuals and facilitating the transaction these companies take as much as 30% of the total fee bitcoin and blockchain have the potential of eliminating the middleman services such as these by allowing the customer to securely pay the driver directly by the application itself could even be automated by building a "Decentralized Apps" also known as Dapps using smart contracts in the future we hope to see the middleman being squeezed out across so many industries.