The easiest way of using BCH in fiat form
26-05-2022
Some of people's are still unaware about using BCH in fiat form or if there's no availability of acceptance than there's easiest way exist instead of paying double tax on it
BCH is money and we can use it without any tax in our daily life but for this BCH acceptance by merchant is must needed and we can find it easily
Lot's of people's were asking me they're in contact with exchanger to exchange BCH to get fiat or paying double tax in other way's every time they need to convert into fiat
Now there's obvious reason behind converting into fiat instead of direct use and it is adoption of BCH in my country.
Using BCH in fiat form
BCH is a true p2p which means peer to peer electronic cash system and can be used as a fiat in our daily life
For many reasons why i prefer BCH over fiat is we have full control over money meanwhile when it comes to fiat government can freeze our money or they can control our money in other way
Like our country economy is drastically going down and government made an excuse of political party issue and asked ATM to keep minimum cash
their main motive is too keep control over people's money and not let them cash out everything from Banks
And on the other hand BCH truly belongs to me i have full right to use it no matter country is going through political crisis or economy is crashing
I'm safe as long as BCH price stay's above my buying range.
Now the question is how we can use BCH as in fiat form.
Finding a nearby BCH accepting merchant
It's too easy to find a merchant that accept BCH in any part of the world
bitcoin.com map is where we can find exact location's of shop
No matter it's an Asian country or an African this map will show merchants that accepts BCH
Overall listing and adoption growth
Since 2021 i started seeing growth of adoption and people's like George was too active back then and still many more Like roger itself with other's are working on adoption
And i was curious to find total listing and adoption growth these past few months
According to telesfor more than 11261 places globally accepts BCH and one month growth is 448 which is massive.
Only 3 merchant's accepts BCH in my country
It hurts when you're BCH holder and want to pay in BCH directly but there's no merchant nearby to accept BCH and have to pay in fiat every time
On the right side i see much more merchants accepting BCH which is India on the other hand there's literally 4 merchants accepting BCH.
And none is near to my location, Like in three different provinces only 3 merchants.
I can fix it
Actually we can fix this by our own let's suppose i want to purchase anything and i can't really find any merchant that accepts BCH
What i need to do is visit a nearby place and first I'll find that thing to purchase and then I'll talk to owner about BCH a little more about cryptocurrency firstly and listing their shop on bitcoin.com map after convincing and teaching basics.
Listing isn't a big issue we can submit listing and after finding that business on map will go through an approval
I don't know how much this process take but i believe it's fast.
Though what i was thinking is too apply this in my life like i left mobile for repairing and when it will be fix than I'll talk about accepting BCH that would be an easy thing to explain that's what i believe but will see what happens next.
Booking order online paying BCH
I almost forgot we live in a world where we can order online and had never thought about this before
But those 3 merchants in my country might deliver to my place costing a bit more taking extra delivery charges the far I'm the extra fee
Well I'll give it a try first to clear and will surely share my experience
As of now in this bear market I'm not used to with spending BCH in any way that's why I'm just holding and adding more bag's
Can't forgot Maxi's in the meantime who are ready to call scam coin blah blah but ain't ready to see utility.
fin.
Now imagine there's no merchant accepts BCH in whole country, can't order from outside country and only way is to convert BCH into fiat
But there's no exchanger or third party app cost double in tax to exchange still you can convert BCH into fiat easily
I'll share it in my next topic specially for local people's from my country and might work for other's as well as far i know it work's in almost every country.
Somebody told me that those BCH merchants listed are not real. They said if you call the numbers, no one is responding. I don't know if it's real tho.