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Bangkok, Thailand - A Bitcoin Cash City

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Avatar for Pantera
Written by   195
3 weeks ago

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.

Thailand Embraces Bitcoin Cash

Bitcoin Cash is expanding in Bangkok, the capital of Thailand. Bangkok is one of the top tourism destinations, that attracts close to 25 million tourists each year.

With Cryptocurrency payments, the tourist will not require foreign exchange. The payments will be in Bitcoin Cash instantly and with almost zero fees.

The potential for high-level market penetration in Bangkok is huge, since the foundations are set with an increasing number of merchants adopting Bitcoin Cash.

Anyone traveling will prefer to just use their mobile phones and pay using Bitcoin Cash, as it will be cheaper and easier than any other method.

Bangkok and more cities where Bitcoin Cash is enjoying increasing adoption by merchants can become the sinning examples, and then all the rest of tourist destinations will follow all over the world.

Map of Bitcoin Cash merchant adoption in Bangkok

Image Source

But let's hear it from a native Bangkok merchant:

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.

Bitcoin Cash is better than banks

Merchants often ask me why should they adopt Bitcoin Cash as payments, since the banking system of transactions is working for them. I provide these arguments then:

  • Bitcoin Cash is instant. With the bank POS and e-commerce systems, merchants see the money in their accounts after one or two working days.

  • Bitcoin Cash is reliable. No automatic chargebacks and refunds are allowed. Any refunds or disputes are resolved by the merchant.

  • Bitcoin Cash fees are cheap. It costs less than $0.01 to cent Bitcoin Cash. The fees are on the sender side, while banks charge the receiver account.

  • Bitcoin Cash is simple and easy just like bank debit cards.

  • Bitcoin Cash is open 24/7. The banks close early and do not process account balances on holidays and weekends.

  • Bitcoin Cash is our money. Banks can limit and freeze our accounts and confiscate funds.

Bangkok Bitcoin Cash

Congratulations to this initiative in Bangkok that has been spreading awareness on Bitcoin Cash in Thailand and doing a good job in that.

Tweet Link

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:

Conclusion

Thailand

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.

Image Source

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.

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Avatar for Pantera
Written by   195
3 weeks ago
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Comments

Honestly, I don't really understand what Bitcoin is and how it works but with your explanation, I think I now know something significant about it. If this could happen in the Philippines, it would be amazing. No hassles of carrying unsafe cash or looking for a machine to withdraw money.

$ 0.01
3 weeks ago

I don't know exactly the stance of the Philippines government on crypto, but I hope it is a positive one. SE Asia will have explosive growth in GDP terms and is becoming the financial hub of the world. It shouldn't restrict digital cash like BCH, and shop owners should take a look at alternative payment methods that will increase their business efficiency.

I suggest if there are no initiatives yet, to gather with a few people and begin one. Perhaps close to each other and begin in your city where you live. You can inform the shop owners you know and explain everything.

$ 0.00
3 weeks ago

wow...is that possible?hmmm...good idea

$ 0.00
3 weeks ago

Bangkok is the good example of the adoption of Bitcoin Cash. Some merchants of my country do it as well, I hope they will continue it. Imagine in the future, we don't need to use ATM card or exchange it to fiat currency, only QR code.

$ 0.10
3 weeks ago

Hi Pantera,

Thank you for posting this article! I did not know that there were so many places in Bangkok that accept BCH! It is amazing to know that how BCH attracts vendors to introduce as their payment method. I hope to visit Bangkok after this Covid pandemic and use my BCH in Thailand haha!

$ 0.05
3 weeks ago

Exactly my thoughts! I knew there was action in Thailand but I was surprised to see so many merchants accepting BCH. I also want to visit Thailand one day and planning for this year. I hope to be able to pay for most that I will need with Bitcoin Cash!

$ 0.00
3 weeks ago

With Bitcoin Cash Tourism destinations like Thailand, Bank ok, will relay in decentralized money and BCH is that currency👌 almost zero fees, fast transfers and amazing community behind working to make that happen, great article😎

$ 0.10
3 weeks ago

It is practically the best solution. I can see that in the future tourists will ask for this kind of payments, and Bitcoin Cash is the best one we have.

We have everything ready, wallets easy for everyone to use, extremely low fees and instant transactions.

$ 0.00
3 weeks ago

"With Cryptocurrency payments, the tourist will not require foreign exchange. The payments will be in Bitcoin Cash instantly and with almost zero fees."

This sounds excellent! A few years ago (2018) we traveled to Laos, Thailand's neighbor. We went to the bank here at home and took out cash in 100 dollar bills. Three bank just gave us the money from their till.

We got to Laos and went to a money exchange. They would only take a few of the 100 dollar bills. Some of the bills were too old, some had a tiny crease out tear. Some were faded. They would only accept bills that were the newest and most crisp.

BitcoinCash would've been a great way to avoid this!

$ 0.10
3 weeks ago

Nobody wants to go to vacations and have this kind of troubles. I have read many stories like yours @JonicaBradley. Even some from countries that have different official exchange rates and black market. Venezuela for example where travelers have to buy Bolivars from the black market, otherwise they are just losing their money buying at official overpriced rates.

$ 0.05
3 weeks ago

Travel sites suggest using Automatic Teller Machines. But the fees for those are super high, also. Would much rather use QR code.

$ 0.00
3 weeks ago

Muchas veces vi a esta ciudad en peliculas y realmente la historia es otra, Resulta que ahora es una ciudad en potencia en el mundo de las cripto y esto es fascinante, porque te enseña que las cosas no llegan a tan solo lo que puedes ver. Solo hay que imaginar todo lo que puedes hacer con la tegnologia y como comerciante, lo que las criptos te ofrecen para acelerar los procesos de pagos e expandir tus ganancias.

Excelente Articulo e informacion para todos los lectores... 1000 puntos otra vez :)

$ 0.00
3 weeks ago

I really wish Philippines will become like Bangkok, I mean that a lot of merchants accept Bitcoincash. That would be really cool and Bitcoincash will be known to a lot of people. I want to try buying a foods tru paying Bitcoincash using QR code 💚💚😂

$ 0.01
3 weeks ago

Easy like that. Just scan the QR code, type the amount and you are good to go. I long for that day too, and I plan to try and convince a few shop owners I know to accept Bitcoin Cash. But it will be sooner or later, I just wish it was sooner, like this year or the next one.

$ 0.00
3 weeks ago

Yeah, Good Luck to that plans of yours. I hope that will be successful, yayy to that 💚💪

$ 0.00
3 weeks ago

Tomorrow would be good, too.

$ 0.00
3 weeks ago

That would be ideal.

$ 0.00
3 weeks ago