Businesses around the world continue to adopt bitcoin cash as a payment method and an exchange adds support for trading BCH. Watch these and other developments discussed in this week’s video update hosted by Roger Ver on Bitcoin.com’s Youtube channel.
Bitcoin Cash Adoption Grows Around the World
In the weekly video update, Bitcoin.com CEO Roger Ver talks about some of the work that is happening to onboard new merchants to BCH around the world, from Venezuela to Japan. He also discusses technological developments happening in the Bitcoin Cash ecosystem and planned celebrations for the August 1 anniversary. Plus, watch the video to the end to see Roger’s response to U.S. President Donald Trump’s crypto tweetstorm.
There are currently over 1,250 merchants accepting BCH listed on Marco Coino and about 2,000 ATMs around the world. For Japan, www.bitcoin.jp/merchants has a list of BCH-accepting merchants with location details, contact info, pictures and more.
Singapore-based cryptocurrency trading platform Liquid has announced the addition of a new BCH/USDC trading pair, allowing its users to accept bitcoin cash or to trade it for the stablecoin. Exchange users will also soon be able to connect their accounts to the Bitcoin Cash Register app and receive USDC directly. This is a simple point-of-sale (PoS) app from Bitcoin.com that allows any business to accept BCH payments.
Bitcoin Cash Register lets merchants choose from over 150 fiat currencies, and cash out customers wanting to pay in BCH in a non-custodial manner, without any registration. The app is available for iOS and Android devices and has surpassed 10,000 installs on the Google Play store.
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Since its launch on June 4, Local.Bitcoin.com has grown to over 27,000 users and facilitated the trading of more than $300,000 in total volume. The peer-to-peer marketplace allows users to trade bitcoin cash anonymously and without any KYC. It lets traders choose from a range of payment methods, with the most popular being bank transfer at 35%, Paypal 11%, Alipay 12%, Venmo 6%, cash in person 6%, UPI (India) 5%, cash deposit 5% and gift cards at 5%.
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