Join 98,707 users already on read.cash

Bangladesh needs BCH!

14 28
Avatar for Review
Written by   105
1 year ago

I am not sure how many users here from Bangladesh are available but have seen none yet except @Sojib . Anyway, Bangladesh really needs a BCH payment system to cover our transaction fee. Because we have right now 3 ways to pay from mobile banking which is Bkash, Nagod and Rocket which is much more popular than other banking systems. So if you are going to use them then you will face some problems. The main problem is the cash out charge that we pay to the agents of every mobile banking company. If we look for Bkash online mobile banking, from there if we want to cash out 1000 Taka ($12) then it will charge up to 18 Taka ($0.20) as this private mobile banking company. After that come to Rocket which cost around $0.18 from $12 cash out. Last one is Nagod which is a government based Mobile banking system so the cost of cash out charge is much lower than the above two mobile banking companies. So the cash out charge is only $0.10 cents. 

So you may be thinking now that the cash out charge is not much but i would like to say this is much already. Because last week when I went to buy my new laptop, I had to convert mine  $970 to cash which cost only $.50 highest. So i have taken the cash in my Nagod and Bkash mobile banking account which amount was around 80000 Taka. So if per 1000 Taka cash out cost becomes $0.12 then 80000 Taka total cash out charge becomes up to 980 Taka which means $10. Just to cash out my crypto to hand cash, i need $12 fees. Do you  think this is normal?


Again, if you go to an ATM machine then per 1000 Taka cash out cost becomes $0.04 which means 80000 Taka cash out cost will be $3.70 . But the ATM machine payment system is not available right now to them where we convert our crypto and here it is rare to find an ATM machine. So there is only an available mobile banking payment system and after that a bank payment system . I do not prefer banks because I do not have a bank account . Though the bank cash out will charge no fees, the stress there is boring to cash out your own money. And I will not prefer a centralized thing over a decentralized thing.


Also, the day I went to our capital city to buy a laptop , I did not bring full cash because the amount was high enough. And it is always risky to bring cash with you as we do not know when we can face a problem. This problem can take our life away too. So I kept half of the amount in my phone. But we need to change this system.


In this case, do not you think we need a BCH payment system? Of course, we need to. Because with BCH payment , I can send mine $970 within a few seconds just by a few cents. Also we can get rid of the stress that we face when bringing cash somewhere. Because if you look cash payment system history then there has many history where the cash owner get died by thief or robber. This is not also a big reason. Point is we should have a payment system which is accepted widely and can be used anytime from any case. On the other hand, as BCH is a decentralized coin, so that there will be no tax problem in the future.

So what are you thinking about my country now? We want a system of payment where we can send a high amount with less transaction fee. And crypto can help us in this case. But our GOVT? Every time it is trying  to share wrong information to here people which leads normal people to think crypto is a scam. And this is how they keep lag behind from the new financial system as they profit from crypto. But this is not a big matter too if the coin becomes BCH or something else. But we want a crypto payment which will secure our money.


11
$ 0.21
$ 0.10 from @Crackers
$ 0.05 from @LykeLyca
$ 0.05 from @dark_spirit666
+ 1
Sponsors of Review
empty
empty
empty
Avatar for Review
Written by   105
1 year ago
Enjoyed this article?  Earn Bitcoin Cash by sharing it! Explain
...and you will also help the author collect more tips.

Comments

Yeah, every crypto enthusiast dreams of mass adoption. I hope it will happen soon.

$ 0.01
1 year ago

Want the same. But will this ever be happen? No government will let it happen

$ 0.00
1 year ago

Looks like all countries need BCH bro.

$ 0.00
1 year ago

BCH is not the major point but point is crypto adoption, You can choice any coin according to your need always.

$ 0.00
1 year ago

Generally I don't understand why some countries government have refused to channel their energy into enhancing crypto business, what you are facing right now in your country is what we are seeing down here, in fact our government banned crypto business, forex business and any other transactions done with crypto.... I don't know why they want to keep cutting policies that should have been helpful to the country and citizens of the country.... Your article is good and hope you get the need response from those in charge of this crypto and your country's government to work together for the common good of every one

$ 0.01
1 year ago

Govt is not working behind this just because they will not be able to control the money laundry as we are under corruption country already.

$ 0.00
1 year ago

We really need a wide range of merchants in our country.

$ 0.01
1 year ago

Exactly. So that no one need to bring cash or afraid about it. We will just be able to share amount within second

$ 0.00
1 year ago

Just like Afghanistan Bangladesh also need Crypto for freedom of money. You give nice idea to be implemented.

$ 0.01
1 year ago

How about in pakistan bro?

$ 0.00
1 year ago

I remember when I cash out from Rocket, I had to pay 1230 Taka (~$12) as transaction fees. I felt like WTF! 😂

$ 0.01
1 year ago

this is really a hell system here but people use it like a stupid way. Can not they realized we are paying high amount to the company than we are cash out own money.shit

$ 0.00
1 year ago

I know that buddy, Our government is kind of sh*t! They banned crypto to show some lame excuse 😂

$ 0.00
1 year ago

and we can not be updated like other country citizen updating.

$ 0.00
1 year ago