For some people, Bitcoin Cash and other Cryptocurrency is just a technology that can make money but Bitcoin Cash can help to fight inequality and help those people that don't have access to banks. Bitcoin Cash can avoid controls from government. It is decentralized so it can be access all the time.
Anyone in the world can create a Bitcoin Cash wallet and can do transactions Internationally. Bitcoin Cash can do fast transactions and much lower fees. It is in favor for people that don't have a bank.
Crowd funding and investment with Bitcoin Cash has the potential to fund the future innovations. Bitcoin Cash is also perfect for. countries that has a weak currency. Venezuela for example, this country can benefit a lot from Bitcoin Cash to access essential goods. Due to high inflation Bitcoin Cash can be their solution.
Unbanked People
In our world today, there is a lot of people that doesn't have access to a bank. Some banks does have a requirements that some people doesn't have. Because of that, there is still a lot of people remain unbanked especially in Africa. A lot of people in Africa are unable to use banks for their daily needs. Most people in Africa don't have access to modern financial services.
Why Bitcoin Cash?
Bitcoin Cash meet all the qualification to bring a better financial services to everyone, regardless of location and income. For people that don't have access to a bank, Bitcoin Cash has a solution.
With the combination of smartphone and internet connection, anyone can send and receive Bitcoin Cash. It is better than mobile banking because anyone can use it with a required documents. Banks does have KYC and it is hard to implement because not everyone does have the requirements for KYC.
It is also not wise to send money thru banks especially in Africa because the fees can go up to 17% while in Bitcoin Cash, it only cost a few cents.
Future Digital Money
Bitcoin Cash can replace the old financial system with its technology. The world right now has a growing, improving technology that we can use and Bitcoin Cash is one of them. Cryptocurrency is now getting more popular. People around the world with age of 15 knows already about Cryptocurrency. Unlike before, Bitcoin Cash gain more popularity with its new updated technology that can compete with other top Cryptocurrency.
Bitcoin Cash provides a convenient way to use your money with security and scalability. Bitcoin Cash also brings financial freedom for everyone.
Final Thoughts
With the power of technology, smartphone with an internet connection is a good solution for unbanked people. Pairing it with Bitcoin Cash, we can experience a financial service that can't provide by any banks. Bitcoin Cash may be underated right now but with the growing community and platforms that support Bitcoin Cash, it is possible that we can all benefit with it in the near future.
Support Bitcoin Cash For Better Future
Thank you for spending your precious time reading this article. I spend a lot of time to write this even if its a short article. Rusty is avoiding me but since I'm a newbie here, I already expected that. I don't want to stop writing because rusty is not around. I still want to write especially if someone is really reading my article. Let me know your thoughts about this article and It will motivate me to write a better one in the future.
"Bitcoin cash can help those people that don't have access to banks" that's very nice sentence...