Hey have you seen this ?
Google updating itself really fast . Now there are two legal currencies in El Salvador Country - Bitcoin ( BTC) And United States Dollar ( USD ) in use .
Recently the Bitcoin bill was passed and BTC became legal for transactions in banks and in any payments across the country El Savador , a country in Central America . The first country to adopt and make the best use of crypto . As Crypto is meant to be used only .
This bill still has a big flaw as it's mostly centered and favoured towards BTC .
How come the President Of El Salvador didn't knew that there is one more coin BCH ( Bitcoin Cash ) having better feats than BTC . Looks like nobody showed him this difference .
And today guys ,I will give you some strong points as why El Savador People would have to Prefer BCH over BTC !
The following points support the cause :-
The transaction fees is very low in BitcoinCash compared to Bitcoin . Merchants and people will definitely go for low transactions cost .
BCH transaction rate per second is also higer so that more people can use BCH at the same time .
And also the price of BCH is still not high so any common working people can also fill their bags , whereas BTC is a bit costly for people if they want some , they have to really invest a big amount of money .
BCH data transfer is also faster , whereas in BTC you have to wait for some time to complete a transaction but in BCH's case it's not . The faster the better .
What Can We Expect In Future .
In future , I expect that more Crypto coins will be available but only 2 or 3 as having more currencies is also a headache to keep an eye .
Definitely BTC is the father of Crypto but that doesn't mean it's Sons and Daughters won't be surpassing him. Anything is possible in this market. The tokens and coins with better use and utility will someday takeover the BTC Dominance for sure. And the second one to be is ETH ,BNB or BCH according to me. ETH is still following the footprints of high fees whereas BNB is closer to a share in Binance and will be mostly used for Binance purposes , whereas Bitcoin Cash is a currency that can be freely traded for goods and services .
My Views :-
BCH is completely a better Currency coin than its other competitors and even better than the Father of Crypto .
I really appreciate and respect the Prime Minister Of El Savador and the other men behind the scenes who made it possible to accept a Cryptocurrency as a legal Currency .
I can't imagine this to happen so early . The adoption is very fast , those are seeing it's potential for economic growth they are trying fast to accept it .
With a traditional corporation background, I think Bukele acted as any CEO of such companies: go for the service that has an established ecosystem behind. Even if this means an inferior product (or service, or user experience). As the old adage went in the 90s in IT departments: nobody gets fired because of having hired IBM for the project!