The cryptocurrency market is still a tiny part of the world, less than 10% of the total population of the planet has access to this forum and when it has it is only divided by Bitcoin Core (BTC), Ethereum (ETH) and some other major currencies in the square, but what they don't know is that these two cryptoactives do not satisfy the majority of the world population, as we see:
Bitcoin Core (BTC) is very expensive, both to obtain per unit and to move around with very high transaction fees and their confirmation on the blockchain very long, sometimes going on for days until they confirm.
Ethereum (ETH) also does not escape the rule mentioned above, where transaction fees are also severely high at other times, even surpassing those of Bitcoin Core (BTC), thus denying access to this market to most people living in the world.
As is already known to many, for those who did not know, take advantage of knowing, the world, in other words, the majority living in it, lives on less than ten dollars a day, reaching up to many times that amount to be reduced to less than one dollar in extremely needy regions, causing this means that access to the crypto market is prohibitive for many people around the world who do not have the money to invest in it, who are completely left out of this technological innovation that can greatly help the underprivileged in the world. This also proves that fewer people have or will have access to the cryptocurrency market and whoever decides to enter today will have serious problems with, for example, acquiring BTC or ETH because they are extremely overvalued.
At the time of the invention of Bitcoin Core (BTC) by Satoshi Nakamoto (an important figure in this market that remains unknown until today) he wanted everyone to participate in it and use it to create his own financial world in which he would be his own. Bank and could manage its values whenever and wherever it wanted, which in reality is not what happens! Bitcoin Core (BTC) was stolen from the people and handed over to greedy capitalists who want to control the market with its various manipulations making the asset a ponzi scheme-in investopedia, this term refers to a scheme in which it practically benefits those who enter the market earlier, becoming the most valuable holders to the detriment of those who enter last.
The world is not made up of millionaires, but of people who daily use money to make immediate payments like buying food, paying for fuel, buying mobile phone recharge cards, recharging electricity, paying for coffee, basically the world works with Cash and this is where Bitcoin Cash plays a major role in shaping a future cash payment society. Make no mistake, money is very important, be it virtual or physical, as it makes society evolve and keeps it stabilized. Gold is also important but never like Cash, if you doubt try to take that same gold for coffee and ask the owner to sell you a cup and you will have the answer. First he will refuse, after a lot of trying he will accept, but as he does not know where to exchange it he will have to involve third parties who will help him make the exchange being this laborious and taking a lot of time and money out of his pocket, so the Gold only works as a backup asset but the money will always be accepted.
Bitcoin Cash building a better world
As already mentioned above, the world has approximately less than 10% of people who are directly involved in the cryptocurrency market, the majority are in Bitcoin Core (BTC) consuming however a very heavy percentage, but as it is known this same percentage does not use this asset as cash but as a store of value. It is well understood here, BTC is a reserve of value not a currency, so the high transaction fees may, on the part of the holders, be supported. But there it is, this tiny percentage only the guard does not use and others who try to use end up paying dearly for the movements but in short, it should never be used to, for example, pay for a coffee because it is a digital gold where the fees are huge and the slowness in confirmations a joke.
Bitcoin Cash changes all that, and presents to the world everything they want a currency that can also be used as a store of value as it is protected against inflation. Much of the world is still out of the crypto market and as they enter, they will discover that the best option for digital money is Bitcoin Cash and that with it their needs can be met in full. With Bitcoin Cash every human being on earth can make important payments on a daily basis and even pay for really small things like buying a movie ticket and paying extremely reduced fees with this move.
Bitcoin Cash is the money that everyone wants to have in the Bank, it is not controlled by the state, each user owns the amount he holds in his wallet and can use the time he really wants without having to ask for permission. Taking into account that 90% of the world is not at the moment in this world, the large percentage of it will certainly bet a lot on Bitcoin Cash because they know that they will always need to use money instead of gold, and I believe that is why the currency it is often attacked, but in the end Cash will prevail because in order to use gold you must first convert it into Cash.
Who still doubts this the time will be a great school!
So where is the use of cryptocurrencies common
As much as it seems a lie but there is an African country highlighted in the use of cryptocurrencies, Nigeria which reaches a good 33%, and countries in South Asia with emphasis on the Philippines and if we are to see are nations where the standard of living is relatively low. low and also the use of Bitcoin Core (BTC) is impractical a lot due to the transaction fees, putting Bitcoin Cash as an alternative in this chain of payments and with a very important role in the movement of money inside and outside the respective countries. Bitcoin Cash has everything to remain a currency in these two countries in the world where the Cash market is large and with a daily volume of transactions well above the average, in Nigeria for example those who use cryptocurrencies are mostly young people (who make up the majority of the population in the country) and the same also happening in the Philippines so Bitcoin Cash has a very large market in these two countries and with a bright future. Using Bitcoin Cash many of these young people can make secure transactions and pay less fees on their move, not only that, since these countries also face adverse situations such as lack of jobs and social problems they can also use Bitcoin Cash as a store of value securely and without paying fees charged by banks to maintain their order bank account.
With the use of Bitcoin Cash these young people can obtain their financial emancipation from the state and also use it to obtain guarantees for a more promising future by keeping their BCH for the future and being able to use it when it suits them to value a lot during years, Bitcoin Cash will help build a much better world for this young layer.
The case of fiat currencies is getting more and more problematic all around the world. Especially for developing countries, cryptocurrencies are one of the best options to save their purchasing power. At that point, BCH is doing quite well to support people regardless of the geographical location that they are at.