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Bitcoin Cash is better than M-Pesa: African reality!

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Avatar for alberdioni8406
Written by   302
3 months ago

Still a reality in Africa to see large families living with less than $1 daily and statistics saying that poverty ranks are decreasing in Africa!! I wonder where they found such Intel...I African and I keep seeing the situation getting worse!

The world isn't equal, when in the certain parts of the globe a child born, they fathers prepare their future open a Bank account with will help the young born to maintain when complete eighteen years Old, with a house and University fees on day in Africa things are not that pretty!

It's a constant fight against the high rate of unemployment, the levels of poverty are not decreasing most due to corruption on Government services, the young Africans when born their fathers can't open a Bank account to prepare the future for them or giving them a way to live because most of this fathers are struggling to find ways to feed their children and assure that they won't die for not having daily meals (that only with bit of luck may have 2 daily meals) and this is a constant battle on Africans daily lives!

poverty isn't a condition or disease and could be easily defeated if we bet in Bitcoin Cash that is more favourable to African reality.

But there's a light on the darkness, with young Africans who born on the twenty-one century to lead Africa to become more sustainable without having to deal with government, found on internet and Crypto a way to "escape" from poverty, Unemployment, injustice caused by the fact that only few ones can be well rewarded in detriment of many that have same rights on the constitution!

It's fun and sad to note that young Africans who live on metropolitan areas (Capital Cities, most born on twenty-one century, that are more connected to outside Africa) don't know this reality of their fellows brothers living inside the country and rural zones, most because they born in the internet period where things seems to be turning equal with more parts of the world.

The introduction scenario leaves the actually conjuncture to what is Africa, and why Bitcoin Cash system is better to African reality that the actual services used widely on the continent that are hurting the pocket in Africa with huge fees making this providers more and more richer in detriment of their customers:

M-Pesa like any other traditional payment service have lacks that could be surpassed with decentralized services, such Bitcoin Cash.
  • The M-Pesa service isn't cheap, and to hodl your money on it's needed to open with an ID document.

  • The services transactions fees increase in proportion your money cashout desire, the more is your withdraw or transfer the more are the fees.

  • The service is local, with no cross border remittances, and to Hodl and transfer large amounts the wallet need upgrade, there are limitation on daily transfers and for amount of $300 (~27,000Mzn) you make almost 2 transactions each one costing almost $10 only in fees.

  • The service is hosted, monitored and distributed by network provider concession firms working with government avail.

The more I use the service I feel that this service is just on the continent more because they are concession firms ruled by government, and with no competitors to face front them they will get more and more stronger and is here where Bitcoin Cash can be a battle front solution to combat this kind of services, of course it's necessary to spread more and more the necessity to embrace and adopt the asset and with all the condiments created Bitcoin Cash can easily "beat" this explorer services:

  • Bitcoin Cash system of P2P cash payments isn't controlled by any entity, it's decentralized can be Hodl in any no custodial wallets that secure the asset.

  • Have a system of low fees (almost zero) on transactions that could be local or cross border.

  • The fees never increase consonant the value you want to withdraw or transfer, can be easily easily adopted for payments on daily routines, to buy meals or different goods.

  • The instantaneous confirmation on the network its the other great condiment that be very appreciated in the asset.

  • It's an asset that could be used to make investments just holding on wallet and give awesome returns to make Africans get empowered and fight back injustice.

It's a system that if largely adopted and embraced in Africa, with plenty space for that, only needing engaged people that could make the asset go viral on the continent there's a possibly to make Bitcoin Cash mainstream on the continent. Won't be easy to spread the word about, will need resources, committed Ambassadors, passionate individuals to gradually see the asset raise and shine in the beautiful "mother Africa" the Cradle of Humanity!

I am already an independent Bitcoin Ambassador and I will be waiting to see more developments just need support and let's BCH shine in Africa.

Exciting times are coming from Bitcoin Cash and Africa won't be apart from it, I am already a independent Ambassador and I truly believe that all condiments are created just with more adjustments all will be possible.

Exciting times are coming, I am already Bitcoin Cash Ambassador, now I am willing to get support to be more actively working and spread the asset on Africa, let's make Bitcoin Cash viral on Africa, together we can!

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Written by   302
3 months ago
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Comments

Nice article Alberdioni! I agree that BCH is more suitable than even BTC for mass usage in Africa specially in countries with political turmoil. As you might know BTC has a limitations of supporting only 7 transactions/second so it is not ideal for mass adoption for small transactions on a daily basis. BCH was forked out to resolve this issue and will support this better.

$ 0.00
3 months ago

Yes @SamBTC it's something that I really believe and I will workcto deliver this reality to my fellow Africans🙌

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3 months ago

All the best buddy!

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3 months ago

The main focus Africa.. We are raising. Waking up

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3 months ago

I believe Africa have all condiments to become a crypto heaven with people more focused in Crypto its time to choose a currency that will actually work for African reality, Bitcoin Cash!

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3 months ago

really impressive write up... bitcoin cash is really more better than bitcoin itself

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3 months ago

Thanks for the compliment and feedback, of course BCH still need some marge to grow and evolute in Africa but I believe that will be an asset to adopt on the continent🙌

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3 months ago

Yes it's should be adopted and in time because it would make life so much easier for us all

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3 months ago

Agreed, with BCH despite being a super asset it also give the empower to face by yourself the things governments can do for you, have your bank, transfer limitless cash thru it, pay less fees and increase your economics holding the asset and wait to raise👍

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3 months ago

Well written...it is important to do information dessimination so that you will be able to help your fellow Africans and somehow help them uplift their life also.

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3 months ago

I am always in the way to see better forms to promote Bitcoin Cash in Africa and as Independent Ambassador I will be more active in that way!

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3 months ago

Great info about m-pesa! Are you aware of local.bitcoin.com? It is needed for getting in and out of fiat, that is until everybody is on board. It works smoothly when exchanging bitcoin cash with mobile money.

$ 0.00
3 months ago

Thanks for the feedback and the tip, yes am aware of local.bitcoin.com and I will study more it how adapt to my location👍

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3 months ago

Nive article man. Bch is one of the beaty of cryotocurrency. Thks to bitcoin for forking this friendly crypto

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3 months ago

Thanks Abothe for the compliment I hope always I keep improving to bring more news about bch in Africa!

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3 months ago

The question is, how can we achieve that Bitcoin Cash replaces M-Pesa? The advantages of Bitcoin Cash are clear. You know that, I know that, @SamBTC knows that. How can we make others understand this?

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3 months ago

This is something I have been studying and watching closely for possible adoption: _More spread of services offered by Bitcoin Cash in local metropolitan areas with people who really understand the purpose of BCH (Ambassadors) _spread the word in local Crypto space mostly whatsapp groups of investments, and social media (I have this on mind, and I am building my own pages to present here). _with investment could also link the asset and offer it to exchange for goods such as smartphones, data voucher, local rent houses for tourists paid in Bitcoin Cash (of course this need a bigger investment and after the COVID-19 times). _All this to be realized need not also passion but people with higher funds to make it happen before 2022/25! I am already an Ambassador (independent) but this need more that merely passion need really engagement to be heard, embraced and adopted! I believe BCH could become more than an asset but a way of payment and investment on the continent!

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3 months ago

I live in Europe, but from my perspective the future is in Africa. Africa is the continent of the future. Not just for Bitcoin Cash. Future is not where money is. Future is where young people are.

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3 months ago

Exactly the continent offer almost anything not just for crypto to prosper but also to be widely used and surpass the traditional ways, in my country we have Petroleum, diamonds, other precious metals gold, silver among many but this are not accessible to many...and crypto is! We have plenty space with connections for all BCH community around the world to make it become viral on African continent, I hope I become one of the Africans to make it possible in Africa!

$ 0.00
3 months ago

I would say document all the experiences like the one you described above in places such as read.cash and maybe hive etc with pictures. You can easily generate >$1-2 a day. Any amount will help make lives better. Some people may even tip you for it.

$ 0.00
3 months ago

Well, thanks but isn't necessary to show anything to me for now I already write for Hive, Uptrennd, Publish0x, commun, and many other platforms!

$ 0.00
3 months ago

The advantages of BCH are very clear. The problem in africa will be how to convince african people that BCH is better than BTC while BTC price is much more than BCH. We talked about this previously. and I agree with you that probably poverty in africa is getting worse not better. I have no idea how are they doing this kind of studies.

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3 months ago

Ideally you would get people out of the speculative and investment mindset. It is all about use. I wouldn't suggest anyone that is cashpoor and wants to save money for their kids to put it in a speculative asset. Much more I would suggest to use cryptocurrencies, whenever its utility can save them money or secure it better. So the issue starts already with the overall narrative, that people in Africa have incorporated from the speculation use case in the West. But the p2p utility use case is only not urgently needed in the West, while it is super helpful in Africa. That's what people don't see, when incorporating the western idea of what to do with crypto.

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3 months ago

Very positive thoughts here and its all about mindset, benefits and advantages to use BCH as instrument of pay isn't correct to put all savings in speculative assets we need to let them see all advantages to use it for daily routines, the most important😎

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3 months ago

My sentiments exactly.

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3 months ago

I agree with what you said about not advicing cashpoor to put his money in a speculative asset. That will be very very risky. Also yes, the p2p utility will be very helpful in the whole world but especially in africa. But many people are just newbies in the crypto world. They think the price is the most important reason to decide what crypto to buy. A very big common mistake.

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3 months ago

We want to create awareness about crypto, without focusing on the speculation use case. That would mean creating lots of content emphasizing on the utility use cases: Are you a content creator? Do you help onboarding people?

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3 months ago

I'm a content creator yeah. But mostly I don't write about cryptos. I can and already did it tho. are you planing for something?

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3 months ago

We are planning a couple of different things. But what I am looking for are enthusiastic people, who understand the value of BCH and can contribute to adoption by users but even more so businesses and services. Insights about your region, suggestions on what to provide and which niche to target are appreciated. Any contributions in terms of visibility like tutorial or other informative content with the focus on utility would be very well appreciated. Do you use Telegram? Please let me invite you to our Africa builders group as well.

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3 months ago

Looks good. yes i do have Telegram. you will find the username in this self destructive links due to privacy and all. here is the link https://1ty.me/thsiEF4iz

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3 months ago

I have gotten your username and found an according user on telegram. But it doesnt seem to be you, as I have already said hello. If you didn't get the message, then please join our BCH Ghana group and I can add you from there. Thank you. https://t.me/bchghana

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3 months ago

No i didn't receive your text. I joined the BCH Ghana group now as you asked.

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3 months ago

In case you didn't get tell me and i will send it again to you.

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3 months ago

Refering to price isn't that difficult to convince them, as mostly won't even get 1 BTC to hodl, but with efforts they can easily grab 1 BCH the thing will be to teach and show them that BCH have more field to grow and easily reach $1000 in the few years imagine Hodl more than 2 BCH, could be something to think about! Spread the word won't be easy but I believe that we could reach some positive moves when engaged people join hands to present it👍

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3 months ago

Yeah that's lost likely the case. You have a point. You can also mention the low fees fact. It won't be easy tho. Many people do only know BTC, so there will be a lot of explenation to do.

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3 months ago

Yes a lot of explanation to do but it will worth my time and I hope to get some support on this🙌

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3 months ago

Much more important than hodling must be the possibility to transfer the money cheaply or even to borrow it. So to use it. People must understand that they have their own free bank. With a safe and a payment card in one.

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3 months ago

Yes, they need to understand that BCH isn't just a speculative asset but a much more instrument, an asset that could easily serve the needs in really world, cross borders payments made easy, an ATM (that anytime could be cashed out) I really love BCH🙌

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3 months ago

The usecase must be to be able to pay everywhere with BCH, on every market at every merchant. If demand for BCH increases, the price will automatically rise. BCH will put everything in the shade. People will drop BTC. I am absolutely convinced of this.

$ 0.00
3 months ago

The advantage of Bitcoin cash is that is more suitable than BTC, it can be used and accepted for any merchant in any place as the asset is different from BTC and with cheaper fees, almost instant confirmation on network could be easily accepted on Any store as mean of payment without worries, BTC is running to become obsolete, don't get me wrong BTC can't be used to for daily payments merchants are only accepting it due to their widely knowledge for being the most valuable asset but isn't an asset for daily use or useful payments!

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3 months ago

I will give a look to those articles, I already rode the one from @phabulu I will read more the @sjbuendia

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3 months ago

Thanks for that🙌

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3 months ago

Yeah, I've also started a community here to talk and spread the world about BCH. :)

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3 months ago

BTC price does not matter. What is important is which coin has a higher margin for growth. The BCH has a clear advantage. BTC has become a speculative object without use. People will notice this when BCH is increasingly accepted and used.

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3 months ago

Of course BCH have more marge to grow and be more useful than BTC, that isn't neither an asset to use in daily routines I believe BCH have more to grow and offer the world!

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3 months ago

I know that. But many people in africa and te whole world doesn't. I will give you an exemple: I joined Crypto groups on facebook. All posts were just about BTC. I noticed that and asked why they have no interest in BCH or even other cryptos. They said the price is the key. Some even didn't know what is BCH. we all know that BCH has a clear advantage now. But many people can't see it. That's why i told him he will have to a lot of explanation.

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3 months ago

BTC is best known, that is its advantage. Almost all newbies start with it. But they do it because they hope to make a profit. They look for a stock. They don't want to use BTC. They will not buy BCH until the BCH price starts to rise faster than the BTC price.

These people, that is not a target group for BCH. We need people who need a bank but don't have one. We need to target people who will spend BCH.

The BTC users will drop BTC by themselves and switch to BCH when they notice that BCH is growing.

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3 months ago

Yeah, that makes a lot of sense. But until that day, there is still a lot of work to do to achieve that. BCH is very promising, but it must continue this progress. We don't want to end up with BCH as a second Ripple.

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3 months ago

Your article is great bro

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3 months ago

Thanks for the compliment😎

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3 months ago

I believe soon the paper money will be taken over by crypto. The new projects that came in the market lately Are really good

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3 months ago

Yes that will be good but also we must face the reality based on continents for Africa that will still be a mirage but soon we start to adopt Crypto and that is a reality!

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3 months ago

Exactly. But like always there are also negative stakeholders that try to stop any kind of innovation or change

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3 months ago

Oh yes that kind of people will always be around because they earn something with that behaviour but they have to realize that nothing can stop decentralized assets as it is what people want!!

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3 months ago

Indeed. They will all eventually give up and will have to accept the change. The more people use crypto the better

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3 months ago

Yes the more liquidity the crypto world have it will make even those skeptical people to adopt and embrace it and relay on the advantages to be a crypto enthusiast: freedom!

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3 months ago

I am totally in agreement with you. I will message you soon, as we are planning to provide mobile airtime and electricity topups. Making transactions over the BCH network, rather than mobile money is what we're trying to setup as well. I could need your insights.

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3 months ago

That's cool🙌I will be waiting for your insights!

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3 months ago

The more I use the service I feel that this service is just on the continent more because they are concession firms ruled by government, and with no competitors to face front them they will get more and more stronger and is here where Bitcoin Cash can be a battle front solution to combat this kind of services, of course it's necessary to spread more and more the necessity to embrace and adopt the asset and with all the condiments created Bitcoin Cash can easily "beat" this explorer services: U have to understand that every service is different nd that's y ur choices are different

$ 0.00
3 months ago