CHallenges to embrace when adopting Bitcoin Cash

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2 years ago

In fact, everyone who is involved with the crypto space today is still exploring an area of ​​the economy that most of the world is unaware of, to say that the crypto world is still little known and, as such, challenges arise for those who bet on its adoption as a way of of money and viable means of payment.

The world is very big and most of it, unfortunately, is made up of people with little, where they face great challenges both in economic terms as well as in educational or social ones. Access, for example, to the media is scarce and computer literacy is very deficient, however, there are also areas in the vast terrestrial globe where people have considerable knowledge in computers and the internet and means of access that allow them to explore the ecosystem more.

This disparity in knowledge and means of access greatly influences the adoption of cryptocurrencies in various regions of the world, since there are those who have more information, knowledge, opportunity and others, which will make them more likely to adopt in relation to those who face social or financials issues of different kinds.

It is practically impossible, for example, for a young person who has food problems to venture into the crypto space and want to know more about it as he still has to struggle with his stomach problem first, and then learn how cryptocurrencies work. In contrast to this problem, those who don't have these issues have a greater probability of emerging in the market and learning more about the subject because they have time, resources and do not face basic needs for human living.

A less extended internet

Cryptocurrencies live on the internet and this is the main vehicle by which people can access the decentralized payment system, but the internet is not widespread all over the world! There are regions where the internet has a greater reach and the population can very well have access, just by having an internet compatible device such as cell phones, computers, iPad, tablets etc, enjoying what the world of blockchain provides.

However, there are also regions where the internet is scarce and access is almost non-existent, making it difficult for people to have access to the cryptocurrency system and enjoy what it can provide.

In contrast to this, we still have the problem of literacy in domain matters about cryptocurrencies where in many parts of the world they are still considered a true taboo, a system that is used by crooks and deceivers who only have the intention of stealing money from companies people.

The problem of schooling

School is important in many ways and here there is no difference! To understand that cryptocurrencies are money, people need to have an open mind and think outside the box and this is possible through people who understand what direction the modern world is taking. There is a greater perception on the part of people who have an average basic level of education because they understand that the world has changed and it is possible to work and receive through the Internet, opening space for decentralized currencies to be used as a means of payment for services provided .

Young people who are or are graduating from school have a greater ambition for knowledge and perception of the economic world and which means of payment they can receive their salary without having to depend on a centralized system that ends up making them dependent on their own money. This young man has an openness to knowledge and the explanation is not closed that cryptocurrencies such as Bitcoin Cash can very well help to build things that really matter to him in a decentralized safe and highly credible way in the market.

It is easier for young people living in developed areas to understand the importance of learning about cryptocurrencies, but also in developing areas young people who want to get out of the chock drink this knowledge as a resource to get out of suffering and have a viable alternative to a better life. using Bitcoin Cash and other types of currency that work in a peer-to-peer system.

The problem of exchanging crypto into Fiat

Make no mistake, Bitcoin Cash as well as other cryptocurrencies are money and people will always exchange them for Fiat, paper money authored and state-owned, so that they can achieve their goals, but not all regions in the world have plaTforms credible sources that can help in this regard. In many parts of the world, Bitcoin Cash is still little known (as well as many other cryptocurrencies), making it impossible for, for example, merchants to want to accept Bitcoin Cash as a means of payment for their products or services provided by them.

The so-called first world has several platforms that users can use to exchange their currencies and get the desired Fiat, but in the vast majority of the globe there are problems when it comes to the exchange for paper money and vice versa. It is therefore necessary a great campaign of propagation, marketing and diffusion of what are cryptocurrencies and in particular of Bitcoin Cash so that the use and adoption is an undeniable fact in the various spheres that make up the world society.

Summary,

The challenges for the adoption of Bitcoin Cash in the various regions that make up the globe are enormous and most of the world population does not even know or what the currency is used for. It is possible, at the time of onboard, for example, to come across cases in which the person has never heard of cryptocurrencies, others still know but think they are a scam and as soon as he hears cryptocurrencies his mind closes not allowing him to understand what have been explained!

I believe, however, that the majority that are currently in the crypto space and Bitcoin Cash in particular, are privileged because there is a great opportunity for cryptocurrencies to become a global reference currency and, for those who have advanced in the market is at a great advantage.

But, one has to keep in mind that the world is big and as such, the perception of what Bitcoin Cash is can still be a challenge to explain. However, true community members will know how to get around this challenge and explain what Bitcoin Cash really is and how to use it to increase the number of viable alternatives for making payments or even receiving wages using the currency.

The challenges may be great, but they will never be enough to prevent Bitcoin Cash from being adopted worldwide.

Images free from intelectual property from Pixabay.

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Comments

I love the last sentence, sir. Hurdles are actually normal and inevitable in all parts of life. Truly, these hurdles, especially to Bitcoin, were meant to strengthen the foundation of Bitcoin, and, not to hinder from being adopted worldwide.

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2 years ago

Thanks for passing by! BCH is what people want, a true digital decentralized money for the world

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