How I Plan To Use Bitcoin Cash to Make My Taxi Services More Efficient.
Introduction
As most of you know, Bitcoin Cash (BCH) has been my favorite cryptocurrency since it started and I’ve been doing my part to spread adoption of it since the hard fork in 2017.
What is Bitcoin Cash?
Bitcoin Cash is an alternate cryptocurrency that can be used to pay for products and services through a secure platform; it uses peer-to-peer transfers between individuals, which makes transactions cheaper and quicker compared with traditional bank transfers or payments made through credit cards. You can transfer any amount of cash in real-time with only minimal fees (low as 20 cents per transaction) which compares favorably with both credit card companies and banks; thus making it appealing for consumers who want to keep their money safe without incurring high transfer costs when purchasing goods or services over the Internet.
Why should you accept Bitcoin Cash in your business?
By accepting BCH in your business, you will be making it easier for people who own BCH to spend it. By introducing Bitcoin Cash as a viable option into your everyday business, you’ll be allowing those who don’t currently hold or trade BTC and BCH an opportunity to experience what using crypto can do for them now that BCH is easily spendable worldwide. In addition, BCH has many low fees which makes sense if you want customers from all around the world with different incomes and wages, making everyday items very affordable. BCH also allows fast transactions which will leave customers wanting more!
Where do you find a Bitcoin ATM near me?
Check out CoinATMRadar's map, which will show you where you can find a Bitcoin ATM near you, and how many BCH each ATM has in stock. This helps me because it saves time as I can find an ATM nearby and drive there instead of driving around looking for an ATM while wasting gas (which costs money), especially on days when most ATMs are running low on BCH due to high demand.
Then what’s the process?
Then, in the second phase, when new customers get in, they will see me talking with other passengers or doing something on my phone/computer and ask what’s going on. Then that's when I’ll have a conversation with them about BCH and how it can make taxi journeys cheaper for everyone, particularly for cash-paying passengers who might otherwise be charged a fee for paying with credit cards. They can then install a BCH wallet using either Coinomi or Bread Wallet (the latter requires a computer but is great since it's offline). And that's pretty much all there is to it! How do you think you could promote your business?
What if someone doesn't have cash but just wants to pay with his/her phone?
This is where things get interesting. When a customer pays with their phone, they get paid in cash via a digital bank transfer and you can take that money and immediately place it into BCH or BTC from your Bitpay wallet (They do charge 1% though). However, when they don't have cash on them but only have a phone, they pay with BTC directly through Bitpay. This also gets sent straight to your wallet in whatever coin you've chosen.