BCH as fiat currency;what if everywhere BCH transaction take place.

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Avatar for Laurenexai
2 years ago
Topics: Bitcoin Cash

Cryptocurrency a matter now which is known to a lot of people nowadays. People are accepting cryptos But still it is not that popular as we want it to be! Did we ever thought if we are using cryptos for our daily spendeture? It is obvious that a few people thinks about it. I know there are a lot of users of BCH but among every people it would be a few only.

In these Recent days a matter is making me thoughtful that, If everyone starts using BCH as they use fiat in their daily basis then what would it be like?

But first of all, why am I choosing BCH as fiat?

Nowadays people are much known about BitcoinCash. Bitcoin is quite familiar among the people all time but everything has good and bad sides. It is quite natural that when you will provide unsatisfactory services, your value will drop down.that is what BTC done. After 2017, BCH started fulfilling the unsatisfactory services with reasonable facilities and becoming popular also.

If we see the number of tweets per day and average transaction fees in usd in a chart for 3 coin BTC, BCH, ETH it will be like this👇

⚫Source: Bitinfochart.com

and BCH network statistics

⚫Source: Bitcoin.com

You can do your own research. If you do your own research you will be satisfied. You don't have to believe me, you just read and use BCH as for testing, you will be loving it because of it's satisfactory facilities.Now let's take a look at what the picture would look like if BCH was used as a fiat currency.

Banks would change, BCH transactions would take place

People don't always like to worry about money transactions.The less hassle-free the benefits, the easier it will be for people to accept.Maximum people are aware of the process of banks.Let suppose you want to send money to your friend urgently.

  • You go to the bank and get to see lot's of crowd and there a long queue. What now? Okay you have patience and you decide to stay in the queue. After long period of time standing in the queue your time came up. You put your hands in your pocket and shock! There is no money! It's been stolen.( though banks are now maintained with high security but it can be happened out of the bank).So will it be fair? What will you do? You have lost your money in the mean time.

Or,

  • Because of urgent need you deposit your money to the bank to send to your friend.Think twice! Will your friend get the money instantly ? If you have experience then you will say no! Sometimes it takes 2/3 days even more. Sending abroad is another long process. If you want to send money abroad it will take about 10 days! Isn't it a long period of time? And you will be worried about this transaction if it successfully recieved by the recipient. And the fees of the transaction sometimes commes in a big bowl! So it is long and time killing process. Though nowadays, mobile banking started. It is used for transferring money one place to anotherin the country . Digital process you can say, they are less costly but not as less as BitcoinCash.

Or,

  • You want to save your money so you put your money in the bank. Do you know the bank charges a certain amount yearly? it will be deducted from your account. it's like you are paying the bank for nothing. holding your fiat in the bank is not a good decision. you will get interest from there. but are the interest enough really? I think it's a big no!

let's come to the point, why bch transaction would take place.

First of all BCH is digital money I will say.if you want to send money to your friends it will not be stolen while you are walking or from your pocket! Actually there is no chance for it. Yeah there are some risk for your bch wallet. but if you know the seed phrase of your wallet it is much safe. And the point transferring instantly. BCH transaction is so fast.you can send BCH to your friend within a second only.So you will be able to send so fast in such a time of trouble and get rid from any financial problem instant.The fees? You don't have to worry about it. It won't take even 10 cents from you whatever amount you send.

If you HODL BCH it will give you way better profit than the banks. It is most benifical to hodl BCH than anyother banks or even cryptos i hope.

Source: stormgain.com

What if BCH started to be used everywhere

Suppose you get out of the house,

  • hire a taxi and go to the destination and pay the fare instantly to BCH.

  • You can also paying the restaurant bill through bitcoin cash.

  • Again, you are paying all the utility bills of your house with BCH.

  • You are paying hospital bills with BCH.

  • Bought some Products form the market and paying with BCH.isn't this easy paying system? I think payment with BCH will be most effective thing.

All this expectation will be implemented soon. Everything from buying and selling with Bitcoin Cash will be affordable.You don't need to carry your money bag, you don't need to carry the money as you used to do.just carry your mobile that you love to, access your wallet and Just spend money for your needs or whatever you do.

Hopefully, the use of this BCH 
will start all over the world.

Epilogue

The speed at which cryptocurrency is being used now suggests that it will be used the most in the future. And if we compare cryptocurrency coins, then bitcoin cash must come first. Almost all of you are now gradually realizing how beautiful and well-organized the facilities of Bitcoin Cash are! We hope that BCH's consumers will be benefited the most.

In my opinion, the two sites that are working the most to promote Bitcoin Cash are @Read.Cash and noise.cash. At first I wondered who was giving these funds. I thought maybe a lot of people are giving these funds together. But later it was found that the continuation of this platform is at the root of it, Sir @MarcDeMesel

How could anyone be so generous it would not be understood without seeing @MarcDeMesel . He can be called the absolute king of this platform. He also has a YouTube channel where you can follow him if you want.Sir Mesel's contribution to the spread of BCH is outstanding. I saw in an article yesterday that he has been compared to a character from Infinity War as a Savior. In fact, this is his one of the big roles. In these days, I faced many haters and lovers of him.but among them, i experienced that he has more supporters than haters. I wish him good luck though he doesn’t need my wish.

1 BCH goal update

I am gladly saying that I have saved 0.35 BCH in these 3 months. This is a great achievement for me. Am happy that I am going forward to my 2nd target. My first target was to make 0.2 BCH. I am a university student. I have no other source of income that I would buy some extra BCH in this dip. So the only source of my earning is this 2 platform noise.cash and read.cash. I wish I acn make 1 BCH soon. I'll love it.

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Avatar for Laurenexai
2 years ago
Topics: Bitcoin Cash

Comments

Yeah. Imagine if BCH will be accepted in the entire globe. Yay! And I agree to everything you've mentioned here. I used to have quite a lot in the bank before. After 2 years, I only got less than $25 interest. Lol. Imagine that. Whereas in BCH, I could gain $100 profit in 1 day. Bank is a big scammer.

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2 years ago

Banks don't work on weekends here,but my BCH works at weekends. General acceptability of BCH will favour us all

$ 0.01
2 years ago

Yes.this is also an important facility. We can send and recieve whenever we want. If people are accepting BCH vastly.Many problem will be solved. Govt also should take care of it.

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2 years ago