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It is happening. Bitcoin Cash merchant adoption in physical urban and rural locations is present. It will be only a matter of time before Bitcoin Cash takes over the world. While there are initiatives in various cities, for this post I focus on Bangkok. The reason is the tourism industry, and the millions of foreign travelers this city accommodate each year.
See how happy this merchant is to accept Bitcoin Cash. This is a natural reaction every merchant and consumer has. Since we have Bitcoin Cash and a network of merchants ready to accept, we don't need to bother with fiat currencies, foreign exchange rates, and fees.
Merchants instantly receive their money and can liquidate to fiat currencies if they wish. However, this won't be long before everyone accepting Bitcoin Cash will just stick to using Bitcoin Cash without switching to fiat at all.
Bitcoin Cash is working, and merchant adoption keeps increasing.
Bangkongbitcoin.cash is organizing meetups in the City and keeps onboarding new merchants. It is an initiative that educates the City and gives more value to Bitcoin Cash by onboarding merchants and explaining the merits of cryptocurrency.
Follow them to find more about merchant adoption in Bangkok:
Tourism destinations are getting ready to open again during this summer in the northern hemisphere. It will be limited and not as massive as it was pre-covid but we expect that tourism will rise again, starting in 2021. Tourism brings people from all the world together, and Bitcoin Cash makes it easier.
Nobody wants to keep using foreign exchange offices or ATMs, and have to pay huge fees and wait in line to exchange a fiat currency in another fiat. It won't be long before we won't need to take with us any fiat currencies in our vacations and just hold the money we arranged for in our Bitcoin Cash wallets. It has already started happening in Bangkonk and more cities around the world, with Bitcoin Cash that is cheap, fast and reliable money.
But most importantly it is a better money for the local community. Anyone using Bitcoin Cash can have all these advantages because this is money for all people. Bitcoin Cash helps us escape the fiat poverty and financial insecurity.