Banks Freezing Funds and PayPal Disabling Withdrawals for 180 Days - Going to Launch BCH Denominated Storefront - No Fiat Please
Banks denying access to your money has been a serious issue recently even in first world countries. I have experienced this first hand and it is a horrible experience when you are trying to run a business. For those that got into cryptocurrency recently, you might think that the concept of decentralized money is just a narrative or a selling point, but there is demand for it regardless of the volatile price swings. I rather own money that is volatile than let someone else decide when I can access my funds. Many merchants now are choosing Bitcoin Cash and I'm going to go full throttle.
I started my business in 2013 and just when my business was taking off, my bank froze my account for over 30 days without any explanation. I just got a new shipment of goods and I couldn't even access my funds to pay for the shipment. It was moved to storage and I had to pay the port couple hundreds dollars everyday just for storage fees. This is when I found out about Bitcoin when it was around $300. I didn't know much about it at the time, but it was cool because my international customers didn't have to pay currency conversion rates and I enjoyed adding value to their purchase. Fast forward to 2018 as I intended to expand my business, PayPal placed a limitation on my account and I was not able to resolve it. They won't tell me why my account was limited and then suddenly decided to just suspend me and withhold my funds for 180 days. My revenue is now stuck and I can't access my funds for half a year. I had to sell all my BCH near the bottom before the run up to $1,800 just to cover my expenses. It was heartbreaking and my business was crippled once again. This experience was very stressful and I have made up my mind that I don't want to go through with this ever again. I have decided to dedicate all my efforts to create a storefront that will only accept cryptocurrency and make the unit currency Bitcoin Cash. I'm just going to value everything in BCH denomination. A shirt will cost say .05 BCH and if the value of BCH goes up, I will offer discounts all in relation BCH.
I am choosing BCH, because the old Bitcoin that I was once familiar now with appears to me to be primary used as a trading asset to trade using high leverage while speculating on Altcoins. This is not the peer-to-peer digital cash that I am familiar with. I also used to be a BCH miner on Viabtc and I like how the Cortex exchange has grown with BCH trading pairs. Even though trading momentum has become bearish as of late, I don't think it matters in the long run. As long as there are people like me that are tired of being bullied by institutions and motivated to grow the community, we can only become stronger.
Please vote on this so that the public knows that there are successful merchants that are being oppressed by institutions even in first world countries. Cryptocurrencies provides us with freedom and a solution for success. Prices might be down, but the amount of work that is being put forth towards adoption is something that I could have only dreamed of in 2013. Please feel free and check out a peer of mine that have recently experienced a similar situation like mine. Just look at all the comments.
If you would like to encourage me and support Yours.org and the BCH community, please feel free and contribute. I will tell you why eBay is looking to abandon PayPal as its main payment solution and when. I was the first small business owner that eBay tested the eBay Concierge Program with and I have information that will make you feel eBay is undervalued at $34 and why it is bullish in the long run. The new company that eBay plans on working with just finished its IPO and has been trading since June 15, 2018 and have been on a tear of late. I will also be happy to share with you how I plan on promoting on creating my storefront that accepts only BCH. Fiat will not be accepted. It is going to be awesome.
4 of 4 reviewers say it's worth paying for
0 of 4 reviewers say it's not worth paying for