Bitcoin Cash: A Powerful Ally for Financial Freedom and Poverty Reduction

When Bitcoin Cash was created, it was to solve problems caused by financial instability due to over-reliance on centralized financial services. But the technology behind the currency has the power to further serve the industry.

Bitcoin Cash can have a favorable effect on the economic development of both individuals and even countries, as the currency is used as decentralized digital money for payments for products and services, involving people in a circular economy where anyone can participate.

In various parts of the world, there has been a huge demand for useful cryptocurrencies in which the individual has the power to be his own bank and use the money according to his needs. Countries like India in Asia or even Nigeria in Africa are big users of cryptocurrencies that allow them to have power over money.

These two countries mentioned above are part of a range of nations where individuals use Bitcoin Cash, for example, to make payments for necessary products or even use it for long-term investments by HOLDING. After all, the currency is fast, cheap, and easy to handle.

Bitcoin Cash allows PEOPLE involved in the decentralized economy to make local or international transactions in record time, as all it takes is a secure internet connection and a wallet where Bitcoin Cash is stored — and business can take place.

Bitcoin Cash serves as an alternative means of payment to the traditional financial system, benefiting individuals and companies, mainly in places where the vast majority is unbanked.

The traditional financial system is very challenging and requires a lot of documentation to open bank accounts. It is unfriendly, for example, for low-income people, making it difficult for them to get a financial loan.

Using Bitcoin Cash, these difficulties can be circumvented in a decentralized way, allowing personal empowerment through decentralized finance (DeFi) or even FLIPSTARTER services to conduct CROWDFUNDING campaigns, giving voice and power to UNBANKED individuals.

Thus, Bitcoin Cash has the power to fill gaps left by the traditional financial system, benefiting those who need it most.

Bitcoin Cash and Remittances

Another benefit of using Bitcoin Cash is the ability to remit money — an IMPORTANT and crucial source of income in many parts of the world. Individuals working abroad can simply transfer money home in almost no time and keep their loved ones sustainable just by using Bitcoin Cash.

Traditional remittance companies are very expensive for the worker’s pocket and, in many cases, they charge between 8–10% of the intended amount for sending. But with Bitcoin Cash, this amount can be saved by simply paying the confirmation fee on the Blockchain, which is just a few cents on the dollar when shipping anywhere in the world.

BITCOIN CASH is borderless!

Helping to Solve Poverty

A large part of the world lives in poverty, where we have a number of countries in multidimensional poverty. This means that over 21% of the earth's population lives on the poverty line, with over 83% living in South Asia and Sub-Saharan Africa.

These countries are plagued by extreme poverty that affects financial stability, weak health systems, lack of school education, violence, and more.

The causes of poverty are multifaceted, some of which are public knowledge, such as:

• Absurd inequalities in society causing marginalization of the majority

• Religious or political conflicts

• Hunger and malnutrition (people with malnutrition cannot work properly, causing even more poverty)

• Poor health systems

• Poor public infrastructure and transport systems

• Lack of a reserve to bear the costs of natural disasters

• Unsupportive governments

Here, the biggest question arises:

HOW CAN BITCOIN CASH HELP SOLVE PROBLEMS INHERENT TO POVERTY?

As mentioned above, one of the main factors that led to the creation of Bitcoin Cash was to solve problems of financial instability. But Bitcoin Cash still has a lot of potential through the use of its Blockchain.

It is possible, for example, to create smart contracts over the Bitcoin Cash Blockchain with Anyhedge or even BCH Bull that help people hedge Bitcoin Cash and thus achieve success with profits obtained from the investment. Individuals can simply use Bitcoin Cash to make even more money without having to sell the currency.

This is a clear example of how the Bitcoin Cash Blockchain can be used to solve certain problems that directly affect people's lives.

And there are still other mechanisms that can be developed on top of the Bitcoin Cash Blockchain to help individuals earn extra income and fight extreme poverty.

Bitcoin Cash technology certainly helps those who need it most, with the prospect of developing, for example, near-future solutions based on the health sector, as the Bitcoin Cash Blockchain allows for decentralized smart contracts.

Solutions created by projects like Zapit_io allow citizens in India to make payments without the stress of currency price volatility, as it lets them pay in Bitcoin Cash while the merchant receives money in INR through the Unified Payments Interface Network.

Bitcoin Cash allows the inclusion of everyone in the decentralized economy of digital money.

It allows merchants to accept direct peer-to-peer payments for products they offer and thereby increase the range of national or even foreign customers, saving a considerable sum of money that can help fight both poverty and inflation.

The decentralized nature of Bitcoin Cash allows individuals to continue making P2P transactions even as regulations are issued, enabling everyone to protect their economic power privately by challenging problems caused by poverty.

It is possible to pay suppliers abroad using Bitcoin Cash and thus solve problems of having to buy dollars (spending more than necessary) and paying huge fees, as well as combating the devaluation of the dollar in the capital market. Thus, by earning more profit and employing more people, Bitcoin Cash increases its practical utility and expands its circular economy worldwide.

In times of crises caused by natural calamities, it is possible to send money to help just by using Bitcoin Cash, ensuring that a significant number of people do not perish due to lack of government support.

BITCOIN CASH, in a simple way, allows individuals living in extreme poverty to have a path to breaking challenges that arise from this problem.

Giving the UNBANKED Another Touch

Official records estimate that two billion people worldwide are UNBANKED. This allows people outside the traditional financial system to be onboarded to Bitcoin Cash.

Reports say that the majority of unbanked people come from countries with poor economic infrastructure or where people do not trust the local financial system, making the use of Bitcoin Cash even more appreciated.

Another factor is also related to the demand for documentation, the high fees charged by local financial services that require an initial amount to open an account, maintenance costs, and painful fees when withdrawing money, thus inhibiting many from adhering to centralized financial services.

Banks do not provide support for low-income people, which increases economic inequality and marginalization of a part of the population.

Bitcoin Cash allows UNBANKED people to take charge without having to worry about documentation or even initial account opening amounts, making them their own BANKS.

Conclusion: A Currency for Freedom and Inclusion

Bitcoin Cash is very important to people and allows them to have greater financial freedom using non-custodial wallets.

People can use Bitcoin Cash to fight poverty as well as inflation.
It is an inclusive currency, allowing anyone to be part of Bitcoin Cash's decentralized economy.

"Freedom is not given — it is taken. Bitcoin Cash is the tool. The choice is yours."

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