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Here's why Africa will be the biggest Bitcoin Cash market

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Written by   457
1 week ago
Topics: Bitcoin Cash, Africa

The market is on fire and each day the market cap is beating records, one after another, but there are things that put Bitcoin Cash into leader in Africa, this won't take long to happen and soon the whole world will see that. In the whole world the search for the term "Bitcoin" and Bitcoin Cash is led by Nigeria followed by two or three more African countries, all of them with interest in the two assets but there is a catch here!

When we look on Google trends the graph in the search for Bitcoin is growing in Nigeria (continuously, since 2017/8) with is the biggest nation on the continent that trade and hold the asset, the community of traders and holders is already running their crypto business depending on the price of this asset, but also the search of Bitcoin Cash is on fire in Nigeria, and in two more countries that are in the top 5 search on Google trends but many crypto enthusiasts in the country face the same dilemma: Bitcoin is just a store of value, when it comes to use it for daily usecases and payments the same people who hold the asset look to the other Bitcoin, the original one, the Bitcoin Cash.

Why is that happening

Looking to the charts of search of Bitcoin and Bitcoin Cash is clear notable that more Africans countries are entering to the hunt and hold of assets that can have a bright future in Africa, considering that Bitcoin is just a Store of value, Bitcoin Cash will be the one and unique currency that could fullfil all the conditions people seek in a decentralized currency that can work anytime, anyplace and serve as store of value (for long holding) and medium of exchange (for daily or regular payments), Bitcoin Cash is highly appreciated and is affordable to have, still cheap compared to Bitcoin, still (and will continue) fast on transaction and with low fees to execute payments on the network.

Merchants and people in the continent will continue to accept the currency as it getting popular and widely known, more African nations will embrace the coin, if compared with Bitcoin price that is completely out of reach for many Africans and have no utility, Bitcoin cash is more eco-friendly, full of interactions, built to be a great asset for People, a peer-to-peer electronic payment that serves for daily and regular payments.

when we look at this we just understand "why Bitcoin Cash"...

In other hand people in Africa isn't favourable to cryptocurrencies that only in transactions fees can hurt and "steal" they hard earned income when they can still using the e-wallets such M-pesa that allow them to move around their money anytime, anywhere they want. The figure here change when they find a better solution to store value, many people living in Africa need to invest to run out from poverty and social exclusion, and Bitcoin Cash can be that asset which give the user more independence to Hodl, transact and spend wherever they want without need to wait to a good hour to avoid paying huge fees.

Bitcoin Cash assume big advantage in Africa and can easily substitute the mobile e-wallets that are not privacy friendly, have higher fees than Bitcoin Cash, need ID to have one, and they doesn't allow international transactions. Bitcoin Cash is fast, have low transaction fees, is decentralized, allow users to spend it easily and fast on merchants without paying more than what needed (pay what just bought) can serve to remittance, is the real internet money.

Of course there are something to be done to the process happen fast than expected, the African societies must be taken to embrace the coin, must promote highly and efficiently the coin, must take out the skepticism with great literacy. People on the continent are opening eyes to look to cryptocurrencies and Bitcoin Cash is placed better than many in Africa, mostly because the asset is a better version of Bitcoin and serves better as digital payment, the money of internet with peer-to-peer electronic payment fast as lightning speed, and best also can serve to store value.

"No African will accept to lose money just for paying fees when they can embrace a coin that serves better to their purposes and can be spent anywhere, anytime all that independently to the government with fast transactions and spending almost nothing to execute a lightning payment..."

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Written by   457
1 week ago
Topics: Bitcoin Cash, Africa
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Comments

How much are the transaction fees with M-Pesa? Can Bitcoin Cash compete with M-Pesa?

$ 0.00
1 week ago

Bitcoin can beat them hardly they charge more per transaction, the more higher you want to transact the more you spend, if you wanna send for example $20 in MZN they charge more than $1, BCH can be a very nice way to invest and spend money for daily payments..

$ 0.00
1 week ago

That is more than a 5% fee. That is a lot. Bitcoin Cash can easily undercut that. People in Africa simply need to know more about Bitcoin Cash. If they want to avoid volatility, they should use USDT (SLP).

$ 0.00
1 week ago

The biggest goal is to spread more the word about BCH and what people can gain for owning it, with Casa Bitcoin Cash-Moçambique I hope to get more people involved with BCH, they just want literacy.

$ 0.01
1 week ago

Nice article

$ 0.00
1 week ago