What Do I Understand From Non-Custodial Peer-to-Peer Electronic Cash System Transformation

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Avatar for turuncu
3 years ago

The main reason I support Bitcoin Cash is that it enables instant transfers from personal wallet to personal wallet all over the world. It is normally a very demanding and difficult job for a relative living in another country. Or you have an online store. You also want to sell your products abroad. First of all, you need to pay a high commission to an intermediary firm to be able to accept credit card payments. For registration, you must submit your personal information and documents to the intermediary payment company. In addition, if you want to offer money transfer and EFT options, you must still register to the intermediary payment systems, go through the approval process and pay high commissions. These things can be so complicated that I am ignorant about these issues.

For example, you can not open a Paypal account if you live in Turkey. In order to open a PayPal account, you must have address and telephone information in a country where you can open a PayPal account. Because PayPal wants you to verify your phone number and address and prove that you really live in that country.

Similarly, there are many problems. In short, even if you open these problems in any case, you should complete the bureaucratic procedures and be willing to accept high commissions in payments.

Once upon a time, we had to pay high telephone bills to talk to our loved ones living abroad. Now, we can make video calls over the internet and we do not pay for it, or we just need to pay our internet bill regularly.

Bitcoin Cash can prevent brokerage firms that have been feeding on us for years from exploiting us. If Bitcoin wanted to do this, it would have done it years ago. Other cryptocurrencies are similar ... But Bitcoin Cash made us believe it has a different mission. Because development and innovation support this. Instead of being an ordinary crypto currency used only by a certain minority, it is moving towards becoming a payment system used all over the world. Network charges should be as low or no as possible for everyone to use.

In this difficult pandemic period, we have actually made a great progress. We lost a lot. We are very sorry. But all these difficulties lead us to another solution. We are able to do many things without leaving home. It turns out that we don't actually need banks. Even using paper money may become unnecessary after a while.

Bitcoin Cash has become the technological evolution of money where we can instantly send money and receive money into our wallet, not only to those next to us, but even to someone on the other side of the world.

We are excited about the new developments in Bitcoin Cash. I personally thank everyone who contributed to the development of Bitcoin Cash. One day, in a very short time, Bitcoin Cash will become a accepted payment system all over the world. Bitcoin Cash is more than just a cryptocurrency, it is a money transfer system. At least that's how I perceive it.

My second favorite feature of Bitcoin Cash is that it is a non-custodial electronic payment system. Obviously, nobody has to know how much money I have in my wallet.

Thanks to the Non-Custodial Peer-to-Peer Electronic Cash Payments facility offered to us by Bitcoin Cash, people will gain freedom.

Some changes increase and speed exponentially. I even guess that when there will be no need for brokerage firms, there will be a change at an unpredictable speed.

Once upon a time, not everyone had a telephone in their house. Even if there was, we would use payphones to call someone when we went out. We would throw a coin on the payphone and continue our conversation by throwing a new coin with each beep.

Then phones spread rapidly, became mobile phones and became smaller. This was such a rapid and drastic change that it is difficult to understand.

Bitcoin Cash makes me feel like we are going to experience this kind of change. There used to be letters, now there are emails. If something is replaced by more functional technology, the old technology will quickly become obsolete. With the Non-Custodial Peer-to-Peer Electronic Cash Payments system, money, banks, other intermediary companies will no longer be needed.

The change will accelerate when Bitcoin Cash produces solutions for physical payment (for example, when it makes electronic money transfer possible in places and situations where there is no internet) and makes the necessary physical tools and equipment ready for this.

Even with the current possibilities, especially Bitcoin Cash fans are becoming the pioneers of change by using the Bitcoin Cash payment system in their lives. More people are becoming a part of this change thanks to Read.Cash and Noise.Cash.

I wanted to share with you my personal ideas about the future of Bitcoin Cash. These are the impressions I have in general terms.

These are the impressions I have in general terms. Thank you for reading.

Love and respect,

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Avatar for turuncu
3 years ago

Comments

Hey if you would need fundraising checkout fundme.cash its updated with non-custodial campaigns

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3 years ago

I am sure that such Bitcoin Cash-backed, secure, non-custodial fundraising systems will be of great use to those in need.

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3 years ago

Indeed thanks to noise.cash and read.cash many people learned new things.

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3 years ago

Yes. We are constantly learning new. We share what we know. I think these platforms also enable us to be more knowledgeable, educated and equipped. We also support and motivate each other. I am someone who read a lot on the internet, although I don't read many books anyway. Now this has become a new area of interest for me.

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3 years ago