The answer to why Bitcoin Cash is that it is cheap and fast. It is well known they claim to be the digital revolution. They also state that Bitcoin was just the first step and that Bitcoin Cash is the next. Also, they believe that peer-to-peer electronic cash is a very useful tool towards economic freedom.
The global transactions market is 3 trillion transactions per year and 75% of them are cash transactions and 13% are credit card transactions and the rest of the transactions constitute 12%.
They see that even 1% of the global transactions will mean 82 million transactions per day for BCH. With the cash market being 10x bigger than gold, Bitcoin Cash has a bigger potential towards the upside. Reportedly BCH are doing more than 120% in transaction volume which BTC is doing; however, it is only valued at 1% of the current Bitcoin valuation.
BCH are also looking to be carbon neutral. They are looking to put in the power of decentralization in to everyone’s hands to create a positive impact. They feel this is a chance to do better. BCH is almost free to send. The key to innovating the $100 trillion market is to start with installing the Bitcoin Wallet.
BCH makes instant transactions possible for a fraction of a cent. However, it does not stop there as it is borderless and is accepted globally and it is possible to transact globally. It provides for wide adoption and it is accepted by 100,000 merchants online from across the world.
A lot has been stated about why the utility of BCH will trump speculation in the long run.
There was a recent publication which published: The internet connected the average Indian to millions of sources of information. Could crypto protocols connect Indians to millions of sources of capital?
Roger Ver in response to this stated, cryptocurrency is the best way to allow India’s work force to participate in the global economy.
Many felt that in an economy like India where there are lot of micro transactions happening BCH will be ideal than BTC.
India has a widespread requirement for startup capital for SME and it just looks like global crypto investors will be able to help meet the capital requirements of India. There is a huge funding gap for SME’s (Small and Medium Enterprises) and many of them do not have physical assets to take out loans. In a world of hard-collateral backed credit system, there is a need for reliable digital records, which prove the credit worthiness of the business.
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