(3)reasons to understand why Bitcoin Cash should be unstoppable

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Avatar for alberdioni8406
2 years ago

In an increasingly technological world, what people are looking for is a form of payment that meets their needs and, for the convenience of the market, can be fully digital, allowing everyone to make electronic payments from the comfort of their homes. However, many of these payment systems continue to be centralized and often meet their requirements, for example not allowing large-value payments to be made, as well as being restricted to domestic payments only.

The emergence of decentralized payment systems is nowadays a priority since the limitations that the central systems have these do not demonstrate, and do not require documentation or even territorial restriction.

1-Serve For Global Payments,

While traditional payment systems have limitations, whether territorial or even in terms of transferred amounts, decentralized payment systems offer greater convenience in carrying out transfers or even making small payments without having to worry about limitations.

Another thing is that these systems work all over the world, allowing entrepreneurs, individuals, people who want to control their resources directly, can, without a doubt make transactions free from the limitations that the central systems require.

Decentralized currencies such as Bitcoin Cash have a greater acceptance than fiat money as it can pay for anything without having to change the currency into Fiat money as merchants worldwide are willing to accept the cryptocurrency for their products.

There is a growing demand for decentralized currencies and with the direction the world is taking this trend will only increase. In 2019, we saw the emergence of COVID-19 which led the world to change its habits and customs to prevent further spread of the disease, leading many people to adopt digital payment systems more often.

This direction of the world has greatly increased online payments using conventional methods, but it has also increased the amount of people looking for decentralized payment methods since these are not regulated by the state and give people greater confidence, after all they control, monitor and can use your value to make payments anywhere in the world.

Another thing is that decentralized peer-to-peer electronic cash payments still do not have state interference and therefore are not yet taxed allowing users to save even more using these systems than traditional ones.

2-Indispensable in an emerging World

The use of cryptocurrencies that work exactly like Fiat physical money is increasingly gaining ground in emerging and third world countries, where most young people see this type of payment as a more reliable way of storing and using their money.

It has a logic, since decentralized payments with Bitcoin Cash have low rates, are accepted by merchants all over the world, are fast payment systems, do not suffer external influence and can be used in any corner of the globe. Not to mention that they do not need to pay for custody of their valuables since each individual is the owner and master of their own bank.

Young people can pay for their goods purchased abroad using Bitcoin Cash, ensuring more convenience and agility where payment is confirmed quickly.

Families who have their loved ones working abroad can receive money remittances and use it to make payments and buy basic foodstuffs for their survival in Bitcoin Cash, fast and convenient.

Not to mention that the use of cryptocurrencies such as Bitcoin Cash reinforces the freedom to choose the best payment system that best meets people's needs.

3-It's Useful & Adoption will increase

It is necessary to understand that the world that many people knew is constantly changing, nowadays payment systems are evolving, the world has become even smaller where people from all over can connect and learn more and more from culture of the other without having to travel physically but in a virtual way.

Streaming and social platforms today create their own means of payment where they ensure that their members are increasingly glued to them and, with this, ensure that the sales of their products generated by the audience can guarantee a greater adherence of people.

However, these platforms fail in the requirement of 'decentralization' as they continue to want to control everything and everyone using their members as a financial product, guaranteeing revenue for them and relegating them to the background.

The adoption of Bitcoin Cash and other true-to-use cryptocurrencies will continue to gain ground as people believe that in order to have greater financial freedom they must control and monitor their own finances and not hand over custody of them to third parties.

Summary,

Safe-to-use currencies like Bitcoin Cash can get much more eloquent adoption than people might imagine.

They can make payments in real time anywhere in the world, they can pay for essential things for human living (buying food, paying for products, paying for plane tickets, booking hotel rooms, etc.) without the user having to pay additional costs. This can be an asset for people to use and adopt the currency as it is useful in the real world and beyond, there are no limits to it.

Payments can be made 24 hours a day, seven days a week and 365 days a year without restrictions or even interruptions from anywhere on the planet.

If it is useful, it will certainly have users and if it have users it will certainly be popular increasing its demand and adoption all over the world.

Bitcoin Cash is useful and that alone is enough for the currency to be an important milestone in turning the means of payment that the world needs and can use without having to depend on third parties, Bitcoin Cash works.

Free images from Unsplash.

Find me on Twitter, Telegram and noise.cash.

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2 years ago

Comments

Bitcoin Cash is the future of cryptocurrencies, indeed. From small businesses to medium and to large businesses everyone will adopt it, of course not today, tomorrow or in a year but I'm sure one day, may be after 4 years, 5 years or more than this but they will, due to the reasons already discussed in above in detail....

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2 years ago

You said everything 😎have a nice Sunday

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2 years ago

Bitcoincash is no doubt the best cryptocurrency option for global payments. I like your ideas and perception about BCH. I hope your words will understand the whole world and change local currency with BCH.

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2 years ago

Let's hope more people can join the BCH Ecosytem and adoption will be imminent in many parts of the world

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2 years ago