Bitcoin Cash The Future of Indonesian Farmers | Open Harvest Marketing Opportunities

Healthy and prosperous greetings!

Initially there were difficulties when talking about virtual currency in Indonesia, not because people didn't want to accept new things about digital currency transactions but because there was a lack of understanding about how to use them.

As a person living in Indonesia, I can feel the intervention of certain parties in the crackdown

In the increasingly developing digital era, blockchain technology has become a hot topic of conversation in various sectors, including agriculture.

In the midst of the challenges and difficulties faced by farmers in villages, the emergence of Bitcoin Cash (BCH) promises a brighter and more inclusive future for business actors in Indonesia.

By leveraging the blockchain technology that underlies Bitcoin Cash, rural farmers have the opportunity to increase financial access, expand market reach, and optimize their business processes.

At first, digital currency became a polemic in Indonesia because it did not have government support and policies to establish "crypto" as a legal transaction tool.

“Bank Indonesia will establish regulations confirming the prohibition on the use of virtual currencies,” People's Mind announced . The Republic of Indonesia's central bank appears to be continuing to push for an oft-threatened cryptocurrency ban, which reportedly involves "parties facilitating digital currency transactions." In turn, at least one media outlet encouraged holders to “cash out” as a way to avoid the crackdown."......

SOURCE :

https://news.bitcoin.com/indonesia-media-urge-bitcoiners-to-cash-in-ahead-of-coming-crypto-ban/

However, as time progresses, changes continue to be made to the economic system in Indonesia so that the use of digital currency is supported by the government based on its regulations.

"In accordance with Minister of Trade Regulation Number 99 of 2018, it is stated that Crypto Assets are designated as Commodities that can be used as Subjects of Futures Contracts traded on the Futures Exchange."....

SOURCE CITATION :

https://legalitas.org/tulisan/ Hukum-kripto-indonesia

What is currently triggering the increase in the use of digital currency in Indonesia is the 2024 "Presidential Candidate" campaign and debate.

Candidate number 02 clearly emphasized that in order to improve the economic system in Indonesia, apart from downstream policies, the sector that will be developed is "Crypto Currency", this was very clearly campaigned by candidate pair number 02.

This can make faces smile because the presidential candidate pair number two has won the election process and has been appointed by the General Election Commission as the chosen candidate for President of Indonesia.

In this way, certainty about the future of digital currency in Indonesia is increasingly open.

If you look at the current conditions, Bitcoin Cash is very suitable as a transaction tool in Indonesia.

Considering that Indonesian people tend to choose financing that is cheap and affordable for all groups.

One of the challenges faced by farmers in Indonesia is high transaction costs and limited access to the banking system.

With Bitcoin Cash, they can make transactions directly without intermediaries and with lower fees compared to traditional payment methods.

Small transaction costs and fast processing are very suitable for the conditions of the middle and lower economic classes, including farmers in Indonesia.

It must be remembered that the majority of Indonesian people are farmers or are engaged in agrarian agriculture.

One of the main problems faced by farmers in villages is limited access to the formal financial system.

Most banks and financial institutions tend to be reluctant to provide services to farmers due to risks and limited infrastructure.

However, with Bitcoin Cash, farmers can avoid this obstacle. By having a digital wallet and internet access, they can easily send and receive BCH globally without intermediaries.

This opens the door for farmers to manage their own finances without depending on third parties.

There are several obstacles that can be changed, for example:

• - The fertilizer ordering process can be done directly without involving a third party because Indonesia is an archipelagic country.

• - the process of ordering and selecting plant seeds, no longer visiting places or shops far from residential areas.

• - sales of harvested crops that can extend overseas without using a central bank as a transaction tool but directly with bitcoin cash.

Bitcoin Cash (BCH), which has great potential in changing the financial paradigm for farmers in Indonesia.

Farmers are often vulnerable to currency fluctuations and inflation. By holding a portion of their assets in the form of Bitcoin Cash, they can protect the value of their wealth from inflation and local currency instability.

"With the adoption of Bitcoin Cash, Indonesian farmers can access global markets more easily. They can sell their crops directly to buyers around the world without having to go through complicated processes and high costs."

A peer-to-peer financing platform built on the Bitcoin Cash blockchain can provide easier access to financing for farmers who have difficulty gaining access to traditional banks. By using smart contracts, farmers can get loans without needing physical collateral.

Although Bitcoin Cash offers many benefits to Indonesian farmers, there are several challenges that need to be overcome for widespread adoption of this cryptocurrency:

• Many farmers may be unfamiliar with the concept of cryptocurrency and blockchain technology. Therefore, education and outreach about Bitcoin Cash needs to be done so that they understand its potential and how to use it?

Answer: Considering the full support of the new president in Indonesia who strongly supports the development of crypto, the government's policy in socializing the use of crypto currency to the entire community will be greater.

• Access to technology and the internet is an important factor in using Bitcoin Cash. In rural areas that may have slow or unstable internet connections?

Answer: now that digital technology has developed rapidly in Indonesia, especially the use of smartphones, the government has also fully supported the expansion of the internet network so that network towers have been installed in remote villages.

In this way, the expansion of the use of digital currency is increasingly open to all sectors and circles.

CONCLUSION :

Bitcoin Cash has great potential in changing the financial paradigm for Indonesian farmers. With seamless transactions, low fees, inflation protection, and access to global markets, Bitcoin Cash can help improve the welfare of farmers and support economic growth in rural areas. However, to reach its full potential, challenges such as education, infrastructure and regulation need to be overcome. With the right steps, Bitcoin Cash can become a powerful tool in empowering Indonesian farmers for a better future.

REMEMBER: People in Indonesia prioritize cheaper costs for all transaction/purchase costs and BITCOIN CASH is the right choice!!!

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