Bitcoin Cash is far more likely to become a popular payment currency worldwide, largely because it can be used to meet basic needs that people expect! The currency is useful and this is a strong plate for adoption which does not reflect speculation but guarantees everyone who holds it that can actually use it to purchase goods and pay for services.

A currency can only be adopted by the masses if they feel that it could have real use, providing the use to make life easier, either by sending domestic or even international payments without ever needing to have help of a financial entity to mediate the transfer. This property that Bitcoin Cash has will make it a strong competitor to the dollar and more fiat currencies in the near future, but for that there needs to be a strong dissemination and promotion of the cryptocurrency so that many more people learn how important it can be in the daily lives of users.

Since the invention of Bitcoin, one of the striking foundations of the whitepaper is the creator’s desire for the currency to have utility and be used for payments between individual A to individual B without having to rely on the trust of a third party, but all based on cryptography where transactions to protect both the seller and the buyer from possible fraud, they are non-refundable. In addition, the payment system increases the privacy between the parties, since it is practically impossible to know who is behind a Bitcoin address as well as who is the recipient, but real-time transactions and digital signatures can be seen on the blockchain.

Store of value narrative

First, it is necessary to understand what is considered a store of value, because only then can be understood what this narrative means.

Store of value is the ability of an asset to retain value over a given period of time.

It is common to hear this designation referring to Bitcoin Core, and in the past it was a reason for discussions and separations in the community where one part wanted Bitcoin to follow the path of big blocks so that the currency would continue to follow the real purpose for the creation by Satoshi Nakamoto, and gave rise to what is today Bitcoin Cash. Satoshi Nakamoto in the manuscript he released, whitepaper, defined the foundations of what Bitcoin would be and also how it should be used.

In order for it to be easily adopted and to have the majority adhesion, which would guarantee an intrinsic value as a means of payment, Bitcoin should be used to acquire goods and pay for services, making it indispensable for people to consider a currency with value, after all, if merchants accept and users use to purchase consumable products is a clear sign that they value it.

Satoshi knew what value is given by people and if a digital currency were issued in a decentralized way to meet human needs and give the bearer a sense of ownership, where for each transaction made he paid lower in relation to traditional financial means, with necessary security and speed, could easily be adopted.

Like fiat money it only has value because the government says so, the same goes for gold for example, it has value because people agree that it is a valuable asset Bitcoin Cash also has value because then people agree .

Thus, the store of value narrative contrasts with what Bitcoin is, since, following this path, the currency becomes a speculative digital asset and not one of acquisitive utility, and, killing utility, a significant part of users is left from outside the ecosystem completely contradicting the adoptive sense in which people could make payments from person to person using the internet in a private, cheap, safe and fast way providing a sense of ownership making them their own banks! However, it is necessary to point out certain bases that led some people to adopt the "store of value" narrative as it is possible to use the currency as a long-term reserve source since it does not suffer inflation and capped at 21 million coins.

Medium Of Exchange

Medium Of Exchange, is a form of currency accepted in exchange for goods and services, such as Bitcoin Cash!

Adoption is largely part of the usefulness that the currency provides, if it has usability the probability of being used is greater, because it can buy immediate consumer goods, send money to family and friends and much more!

It is fair to say that Bitcoin Cash has a public utility where whoever has it can make payments and receive payments quickly and cheaply. In the scenario where individual A can run and go to a convenience store and purchase consumer goods by paying at individual B, or send remittances to family in record time which recipient uses it immediate after received, Bitcoin Cash serves as a legitimate means of payment.

Summary,

Time will be a great ally of Bitcoin Cash when people realize that the lack in store of value narrative only serves as speculation for the price of the coin in question to increase, but, consequently, is of no use making adoption difficult. Adoption will only take effect when it is realized that it has purchasing power and most merchants accept it as a means of payment.

Bitcoin Cash is accepted and can make payments both physically, online and domestically or internationally, charging much less than banks or financial institutions, increasing the desire to own the currency. The utility of Bitcoin Cash will in the near future make a large majority adopt the currency and start making purchases using the currency, this will happen because the perception will be sharper in relation to the currency where users will perceive, for example, the ease of use and transportation.

If in the past it was embarrassing to carry large sums of cash, today, using mobile devices loaded with Bitcoin Cash to make payments, making each transfer even better than the last!

Time will be a great ally of Bitcoin Cash for adoption.

__________________

Visit my Fundraiser Campaign and help finish to build my house using Bitcoin Cash.

Watch also the video to check the latest update on the house, only missing the latest part, the ceiling.

Find me on Telegram , Twitter and noise.cash.