(3) things that makes Bitcoin Cash a currency to bet on

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1 year ago

For those who follow my articles, probably noticed that I practically use Bitcoin Cash for everything, I use it to do things that have importance and are indispensable meaningful for me, things with weight ; I make payments for eg construction material using Bitcoin Cash and many more things!

Bitcoin Cash has become an indispensable mean of exchange for what I do on a daily basis and not only that, it also gives a sense of possession value that I never had in mind. I, when using Bitcoin Cash, know that no one can interfere in my transactions, I do them faster & safely, just by paying a micro fee (used in the blockchain) that motivates me to continue betting on the currency.

The three important and significant things, of course for me, when using Bitcoin Cash are:

Privacy

Although it is not a currency programmed in default for privacy, like Monero or Zcash, it can be used for this concept using the services of Cashfusion that reduces the way that people and/or entities can track transactions and poke their noses where they are not needed giving a feeling of security and peace of mind for the Bitcoin Cash holder.

Privacy is a right for everyone who wants to use their money without having to explain how much they have or send it to whom and thus ensure that Bitcoin Cash as digital money is an asset to have in the portfolio. Generally, all Bitcoin Cash transactions can be viewed full-time simply by consulting the address in question on the network, but using Cashfusion it's possible to control so that no one snoops in matters that do not concern them, increasing the freedom to use the money as the user intends.

Privacy is a constitutional right of the individual so it makes sense that whoever uses Bitcoin Cash should have this privilege if they wish to use Cashfusion .

Speed ​​of transactions

For daily use, speed is indispensable in the commercial field because it allows the user who holds Bitcoin Cash to use the currency in the same way that they use paper money or conventional digital money, allowing them to increasingly choose to use it for financial transactions more often.

The speed in sending and receiving Bitcoin Cash also allows the individual to make money remittances to the national territory in remote areas or even internationally, keeping in mind that the beneficiary will receive it at on the exact moment and will be ready for immediate use for what the person intends. This makes it possible, for example, for people who work abroad or away from their families to make transactions as a means of supporting the family members they left behind where they can improvise their lives even more!

In the past, sending money was done in a conventional way using government currency such as the dollar, metical and others, where many companies that were dedicated to this type of activity ended up dividing the amount that was the responsibility of the beneficiary, but with the Using Bitcoin Cash for this purpose it is now possible to do the same in an almost instantaneous way where the person receiving the money has it entirety.

World-wide digital cash with no borders

It is true that it is possible to send money using local fiat currency, but often the currency has to be exchanged and the sender ends up paying fees on this exchange, which are often not for little money, harming what is the total wanted to submission. And, not only, sending fiat money is not only expensive, it is also time consuming, taking time to reach its final destination.

Using Bitcoin Cash this condition is overcome as the currency could be sent to any part of the world, domestic or international, paying a micro fee and allowing it to arrive anywhere in the world in real time.

The main foundation of Bitcoin is to allow no centralized entity to witness a transaction for it to be valid, making it possible to send values ​​without the need for intermediaries and to do so anywhere in the world, at any time of the day 365 days a year. This foundation alone is a strong reason to bet on Bitcoin Cash and have it as a medium of exchange wherever people go!

Summary,

There are many qualities that define Bitcoin Cash but I prefer to touch on the ones mentioned above so that everyone can realize how significant it is to have Bitcoin Cash as a means of payment. Thousands of merchants already accept the currency each with a clear reason why they are accepting it in exchange for the products and services they provide.

The independence of using money comes from the positive mindset that it is owned by the individual, the sense of ownership, and Bitcoin Cash delivers that feeling. Certainly, fiduciary money can also give this meaning, but, for example, paper money already comes with usage or storage charges, so the citizen often pays the tax when requested by the competent body because he kept the money home without declaring it.

Therefore, paper money stays at home, yes, but in exaggerated amounts, it entails costs for those who do so and also attracts "bad actors, thieves" while Bitcoin Cash is, in addition to all the properties I mentioned above, safe since it doesn't need to carry a lot of paper, decentralized digital as it does not need government issuance as well as a sense of ownership as it allows everone to hold a considerable amount without having to pay anyone except at the time of sending, which is tiny micro fee almost non-existent!

Bitcoin Cash is the futuristic digital money that all humanity wish to use, but many still don't realize it!

Ps : Article body images are from pixabay.com , free to use.

Find me on Twitter , Telegram and noise.cash .

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1 year ago

Comments

I agree with this, BCH is peer to peer transaction with low fees and fast sending and receiving the amount, it's nice to see a world which everyone is using crypto specifically BCH as mode of payment in any transaction.

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1 year ago

Thank you for showing up! Have a great & amazing Friday

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1 year ago

BCH might be the future; in any case I honestly believe some form of crypto is the future. However, it is not yet as useful as we all would wish. What you say about easy transfer of funds to any place in the world is true, but, and that is a huge "but", BCH is not always useful as it is for the recipient. In many cases an exchange to fiat is necessary for them to use the funds. Where is ease and privacy then? It's very challenging to try to exchange crypto to fiat without compromising one's privacy. Definitely neither easy nor cheap.

The scenario you describe is how it could be, but we are far from there. In many places of the world, one cannot do anything with crypto, you must have fiat. The critical mass for genuine usefulness still rests in a distant future.

I have discussed this problem in https://read.cash/@Mictorrani/bitcoin-critical-mass-interface-735ae360

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1 year ago

By the way nice article of yours 😎

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1 year ago

Well said! Each case in this big world is different for example one way to exchange my BCH is to have direct product is the same amount of my coins in my friend that use the currency to purchase things in Dubai. However, when I want Fiat in exchange for BCH I have another big friend that uses it to Trade on Binance and then receive Metical on his bank account. On other regions i believe the struggle may be even bigger but slowly we get there. Thanks for passing by

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1 year ago

Brother these three lovely properties made BCH top one crypto in whole world. It is great working currency even for digital marketing. I hope this real Bitcoin will lead the whole world.

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1 year ago

It will lead, we just need to continue doing our job the right way promoting for the masses

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1 year ago