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Banks versus Bitcoin Cash, who wins the battle

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Written by   789
5 months ago

Of course Bitcoin Cash wins the battle!

But before in fact we affirm this so vehemently, it is necessary to remember that banks still have great importance in the lives of ordinary citizens and also of companies that make the entire financial system revolve around them, but little by little they are losing weight when is about using small-scale values, like making instant payments, refueling the vehicle, buying energy and paying for water and electricity using the phone, here they lose more to the mobile phone companies that incorporate mobile payment services like M-pesa in Africa, but this services also are carrying transaction costs that in fact hurt the pocket of the peaceful citizen.

It should also be mentioned that the banks are corporations with a lot of bureaucracy in their veins, just to obtain a bank account there are several procedures that often make the young person think twice if in fact he wants to open this same account, after opening it the amount managed is susceptible to investigation to see if the customer can maintain the account_ the customer has to tell the bank what his source of income he has and if he's able to make regular deposits to keep the account open and they can collect the appropriate fee commissions, thus raising its level of domination in the market and increasing their economic power. Everything in the bank has its price, Visa cards have to be paid, the statement request is paid, bank transactions paid, in fact, the customer is just an enrichment product for these financial institutions.

There are cases in which many customers have to wait for hours to make a withdrawal of a thousand dollars (75,000MZN), because when this amount is requested at the bank branch, employees have to make a request to the head office and this one make an exhaustive investigation to the customer to realize if he has no problem with the tax authorities, only after that they release the value and the client goes on with his life. I had an unusual case in which an old acquaintance had his account blocked because the bank was receiving constant money from payments he was entitled to by a Forex company to which he invested in banking, without further ado these men cut off access to his account and they immediately called him to be able to understand where the value came from.

In that situation, I became goofy, yes goofy, because I could not understand if it was a bank or an inquisition from the Jesuit era where many were considered witches for no reason and hunted like animals then killed by hanging. This banking action reminded me a lot because they had already blocked the account without first consulting the client or asking him to approach an agency for possible clarification of these "suspicious" movements considered by the bank, because blocking the account also has its reactivation process that can take days while they could avoid it, they are negligent with the customer and who pays the bill is the same customer, great nonsense.

Continuing with the process, he had his bank account reopened but he never trusted the bank again to hold his funds and now he is a big cryptocurrency enthusiast, as he said himself - "it is better to have control of your own money than trust banks they end up one day putting the nail in the ... "

Bitcoin Cash as a viable alternative

Bitcoin Cash is and always will be a viable alternative for keeping finances up to date, a right option for almost any type of payment or domestic or international movement, the most beneficial is that we control the funds and can send when and wherever you want without having to ask an entity to authorize us to do it. With Bitcoin Cash we can make instant direct payments and pay absurdly low fees with very secure transactions and with the receipt to be presented via blockchain. It is an open source that everyone has access to, not like the banks, that everything is managed in a closed way, where they often harm the customer, he cannot even get answers because they send the old trick of the centralized system where the bank always have reason.

With Bitcoin Cash much of the bureaucracy required by banks is cut because for the user to have access to their values ​​it is enough that they have their seed phrase and a wallet installed and can very well view, send and receive values ​​almost in a flash. Here the user only needs internet to connect to his wallet online and enjoy this same value, the good thing about having Bitcoin Cash is that the freedom to trade values ​​is very pleasant, with Bitcoin Cash there are no storage or shipping limits if the user have a million can very well send without having to worry about anyone and pay very low fees with incredibly fast speed and almost with instant confirmation.

Nobody controls their values ​​only the user has access, he is the bank itself, and here, too, no one is a financial product where costs can be increased by charging bank commissions, with Bitcoin Cash the true sense of financial freedom shines through and the user he realizes that all this time he was "a slave" to his finances but now he owns his destiny.

Bitcoin Cash is here to stay, was made for the people by the people, and the good thing about this is that anyone who can send a text message can easily send BCH, the revolution has already started.

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Written by   789
5 months ago
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Comments

Call me a boomer, but I think Crypto won't replace fiat or the fiat system, it will however provide an alternative to it and modify it for the better.

I think reducing the whole financial infrastructure to central banks bad is reductive and fails to see everything that the current financial system has that isn't wrong - it's not all inflation and control, some measures are designed well and will stay, as crypto already proved by adopting one or two of them already.

The financial world will gain freedom, responsibility and will cut out middle men and make things cheaper with tokens such as BCH, but pitting the two of them into battle against each other isn't the right way to do it.

Just my 0.02$.

Thought-provoking post regardless.

$ 0.00
5 months ago

You are absolutely right, because things happened to me with banks that forced me to do without them. I have had more closed accounts in my life than accounts in use now. And I don't think I will ever open another account thanks to Bitcoin cash.

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5 months ago

Am also that one since 2018 I don't use Banks i only remain with BCH and i will never use those institutions again

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5 months ago

I agree. With Bitcoin Cash we can really make instant direct payments and pay absurdly low fees with very secure transactions. Unlike the others where the fees are really huge.

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5 months ago

Yes does why I prefer to have a BCH wallet than to keep my money in banks, Bitcoin Cash really means something and the future is great!

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5 months ago

Bitcoin cash is made by the people for the people and a great alternative, you have control over your money and can trade it for a good deal. Points I got from your article. Thanks for this, I agree.

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5 months ago

Thanks for reading it and maintain some of the content for yourself this means a lot to me🙏

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5 months ago

S me

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5 months ago

for now I choose bitcoin cash and keep it in my wallet instead of keeping money in the bank

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5 months ago

S me

$ 0.00
5 months ago

Good to know that😊

$ 0.00
5 months ago