Join 69,227 users and earn money for participation
read.cash is a platform where you could earn money (total earned by users so far: $ 436,823.16).
You could get tips for writing articles and comments, which are paid in Bitcoin Cash (BCH) cryptocurrency,
which can be spent on the Internet or converted to your local money.
Takes one minute, no documents required
How to convince people to accept Bitcoin Cash as a payment method.
I am just a regular Joe that is tired of paying high fees, and that understand the game th...
2 months ago
One of the things that has been a must for Bitcoin BCH is that is accepted as a payment method for everyone to pay your bills, goods and services. And it has been a quick goal to achieve, it is actually hard to make people accept Bitcoin BCH as a method to settled debts. It is up to the community to try to implement ways for people to accept it so that see more adoption around us in the real world.
Many people around the world hold crypto currencies, but many are just using crypto currencies to speculate in prices and as we all know that alone will not take far enough, only up to a point and after that no more, but if people accept it as it was meant to be the possibilities are endless, many people don't pay rent other do, many people buy their groceries at local own stores and many others buy their groceries at big corporations, if you pay your rent to a local landlord or buy your groceries from a local store own and operator by a member of your community, what I am about to write may work into helping people adopt Bitcoin Cash as a payment method.
You can offer your landlord to pay your rent in Bitcoin Cash and offer an insurance for his money if the price of Bitcoin drops within 60 days he or she can return the Bitcoin Cash to you and you will pay him in fiat currency. The landlord will have a wallet with balance and if price goes up within those 60 days he will decided to keep the satoshis instead fiat and you got a new person that now hold Bitcoin BCH and has a balance, if in the case price drops you can give him cash and you will get your satoshis back, the your landlord will know about Bitcoin Cash and will also know how to receive and send.
Your landlord will have to learn how to backup their private keys too so that he doesn't lose access to his money, this will work with small landlord and it will work better if your landlord owns the property and doesn't have to pay a mortgage to the bank, so he or she can keep it as savings after the 60 days have pass is your landlord responsibility and your insurance would have expired after 60 days.
This could also work for small shops where the owner knows you well, it will work with people in small villages where people know exactly were you live, you can buy for example $25 worth of food or groceries at your local store and offer the shop owner the same insurance that if price drops, you will give him the $25 in fiat and he will return your satoshis.
This could work in places where the community is small or in villages like they do exists in the third world, many people in those countries know each other for years and some of them even saw them since they were children. Small communities have this advantage over big developed cities because you can't create that trust that easily. And this could even be develop into a smart contract for those with the know how in the future once smartBCH is in mainnet. A way to insured people who receive payments for a certain period of time so that more merchants accept Bitcoin Cash as a payment method.
So in conclusion my idea is to provide insurance to the other party that doesn't have Bitcoin Cash and that it will be using it for the first time, giving insurance is an small price to pay so that others can know and try in my opinion. If you disagree with me let me know and present what will be your ideas in the comment section, if possible leave a like and subscribe it is free and it will help me a lot, and I promise I will try to create even better content in the future.
Comment, like and subscribe, it helps me a lot, thank you.