We all want a fast, secure, and not costly transaction. Bitcoin was made to used for daily transaction, but unexpectedly it's value surged to top and became the leading Cryptocurrency today, in result its transaction fees rose and the transaction process became slower.
Bitcoin Cash was made in replacement of bitcoin as a means of payment in every transaction, at first it wasn't accepted by the cryptocurrency community, in fact it wasn't listed yet in coinbase, one of the leading cryptocurrency exchange. Instead of selling the bitcoin cash right after the bitcoin holder received it, they hold it then later on it made it as one of the successful cryptocurrency today.
With the advancement of technology the traditional method of payment like cash on delivery is being used less. Over the years credit/debit cards are the most commonly use as a method of payment worldwide. However, because of the emerging of cryptocurrencies this method of payment will take away its spotlight especially by Bitcoin Cash.
Here are the reasons why Bitcoin Cash will overtake credit/debit cards as method of payment.
1. Privacy
Since credit/debit cards is tied by other entity, it's vulnerable to attackers your card can be easily bypass by those attackers and steal your money, in addition your transaction history can be seen by other entity. Whereas Bitcoin Cash, only you who knows your transaction history, what you purchased, when did you purchased, and how much you payed is totally unknown to unwanted parties, meaning you are like a spy an unknown being because of the tight privacy. In addition, since Bitcoin Cash is a decentralize meaning no one is able to control it, then it is much safer.
2. No Hassle
Bitcoin Cash is hassle free, you just get your phone click your wallet then send it and kaboom finish, unlike credit/debit cards you always make sure no one is next to you that can see the pin code or if in online cases some merchants need you to fill up something for verification purposes and also sometimes error will occur due to the fault of your card or to the merchant's side.
3. Fast yet not Costly
Crypto enthusiasts love Bitcoin Cash because of its fast and low transaction fees, so whatever you purchased online or personally, internationally or locally, its low fees and fast transaction will never change. On the other hand credit/debit cards will sometimes charge you some hidden fees that you aren't aware of.
Finally,sooner or later it will dominate the crypto space and will make a great history, why? Because we all need a fast, secure, affordable and low transaction fees kind of cryptocurrency and that's what make Bitcoin Cash dominate. Another reason is because it's Bitcoin Cash your friendly cryptocurrency.
What you write is not true. BCH nor other cryptocurrencies are anonymous. Not always fast either.
That debit card will remain (credit cards have high fees and are hardly accepted where I live.)
The Netherlands has a new law concerning cryptocurrencies. Traders need to be accepted by the Dutch National Bank and no matter where I try it I need to give my ID, bank account, home address, tax number, phone number, send a selfie while holding my ID etc etc. Not to make it all easier, stay anonymous or safer for me as a user but to find me if I earn.