(2) Ideas to use Bitcoin Cash to send remittances across the globe

The world is increasingly globalized and payment methods are available for people to use and reduce the distance between them. In the past, due to economic and social difficulties, workers who 'exchanged' their countries to look for better working conditions and thereby increase their standard of living, also faced difficulties when they wanted to send money to Help in their countries of origin.

This became a martyrdom for the worker who made so much effort to have a better life and was powerless in the face of the situation and often had to resort to money remittance companies. But, these companies are not cheap and often 'split' the money sent to the family as they charge a lot for their work and consequently leave a lot to be desired.

The ineffectiveness and slowness of remittance companies

Remittance companies are very expensive and often take days to send the amount they have been allocated to deliver to family members of workers who labour outside their countries.

It often becomes a great burden for people who will receive the amount as they have to travel and carry official documentation to be able to receive the money sent to them, not to mention that the service takes days and time to delivery, they practically charge a 'theft' and their service is not fully effective in emergency situations as it could take up to 72 hours for delivery.

In a situation of unhappiness, for example, this service for sending valuables in the official way will practically not work, as the corpse will not wait three days for burial.

It is in these situations and others that the use of cryptocurrencies, in this particular case Bitcoin Cash, works for money transfer.

How to use Bitcoin Cash to send remittances

Bitcoin Cash is a global currency with no border issues and its use is literally instantaneous, it is also very cheap.

To send money to the worker's countries of origin, he does not need much headache as he will be the owner of his value and can send it anytime, whenever he wants, wherever and however he wants and have it delivered to his family in a matter of seconds and ready to use.

Using Bitcoin Cash, remittances can be funneled into home building, paying for school fees, paying for medication, helping with food and transportation expenses, and much more without having to take days or even pay prohibitive fees to have the money delivered. If twenty dollars is sent by the sender, the recipient will also receive the same twenty dollars at no additional cost.

(2) ways to channel the value of remittances using Bitcoin Cash

Developers globally are invited to use these means of channeling remittance amounts using Bitcoin Cash creating efficient platforms that can make the interaction between the Bitcoin Cash sent and the Fiat amount (if necessary) that the family need to receive.

1. The idea is simple, taking into account that in many countries there are mobile payment methods and they are practically the most used, Bitcoin Cash could be sent to the receivers' wallets who could contact agents willing to exchange Bitcoin Cash by Fiat or payment coupons, with the Bitcoin Cash received for later use using a dedicated application or platform to exchange Bitcoin Cash to Fiat and Vice-versa.

For example, I use M-pesa in my country (where it does not yet accept cryptocurrencies), but the same service in Kenya is already starting to accept payments in cryptocurrencies and deposits the cash equivalent to the recipient mobile money wallet. It is an innovative service but it is not yet popular as the use of cryptocurrencies is still emerging in many parts of the world and Africa has its own disadvantages when it comes to approaching and adopting them.

1. Second, the Bitcoin Cash sent can be channeled to various stores that can accept to receive payments in the currency and channel into products that families need at the time. These products paid for in Bitcoin Cash can greatly increase the adoption of the currency as the awareness that the currency works to acquire consumer goods will give more importance to families that are expecting to receive cash in a dynamic way and be able to use it right away.

There are local stores that accept Bitcoin Cash for their products but when it comes to remittances, the worker abroad need to have an official store application/platform that he can chanel his Bitcoin Cash trustfully where their family can go and receive food right away: he pays and the family receive an instant message to receive products on the store, all that made on an application or platform dedicated to.

[Devs be like!]

Summary,

Remittances are very important for the development of societies and help to achieve a lot that helps people.

Money channeled through remittance can be used to build houses, pay for goods and services, which also helps pay taxes that will help governments build new schools, roads, public buildings, increase public universities and much more.

Bitcoin Cash used for remittances also means that many more wallets can be issued and carry the decentralized economy around the world, this will give more adoption of the currency as well as increase its financial importance as whoever owns it will have guarantees that the currency works and could be used to purchase goods and pay for services.

There are still several edges so that the use of Bitcoin Cash can be used effectively as remittances, as the acceptance of mobile operators, local entrepreneurs, digital entrepreneurs who can create payment applications and send value in Bitcoin Cash directly to them without involving third parties on them is also under consideration.

I believe that with time and more daring Bitcoin Cash will play a preponderant role for sending remittances across the globe, after all, sending Bitcoin Cash is cheap, fast and upon receipt it can be used right away.

Bitcoin Cash works for remittances.