What are the advantages of Bitcoin Cash?

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Avatar for mak1975
4 years ago

Payment freedom - It is possible to send and receive any amount of money instantly anywhere in the world at any time. No bank holidays. No borders. No imposed limits. Bitcoin allows its users to be in full control of their money.

Very low fees - Bitcoin Cash payments are currently processed with either no fees or extremely small fees. Users may include fees with transactions to receive priority processing, which results in faster confirmation of transactions by the network. Additionally, merchant processors exist to assist merchants in processing transactions, converting bitcoins to fiat currency and depositing funds directly into merchants’ bank accounts daily. As these services are based on Bitcoin Cash, they can be offered for much lower fees than with PayPal or credit card networks.

Fewer risks for merchants - Bitcoin Cash transactions are secure, irreversible, and do not contain customers sensitive or personal information. This protects merchants from losses caused by fraud or fraudulent chargebacks, and there is no need for PCI compliance. Merchants can easily expand to new markets where either credit cards are not available or fraud rates are unacceptably high. The net results are lower fees, larger markets, and fewer administrative costs.

Security and control - Bitcoin cash users are in full control of their transactions; it is impossible for merchants to force unwanted or unnoticed charges as can happen with other payment methods. Bitcoin Cash payments can be made without personal information tied to the transaction. This offers strong protection against identity theft. Bitcoin Cash users can also protect their money with backup and encryption.

Transparent and neutral - All information concerning the Bitcoin Cash money supply itself is readily available on the block chain for anybody to verify and use in real-time. No individual or organization can control or manipulate the Bitcoin Cash protocol because it is cryptographically secure. This allows the core of Bitcoin Cash to be trusted for being completely neutral, transparent and predictable.

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Avatar for mak1975
4 years ago

Comments

It's a pretty good crypto currency especially as the transaction processing fees tend to be lower than that of the bitcoin.

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User's avatar Mox
4 years ago