News

4000 New Merchants In Cyprus To Accept Bitcoin Cash

In one of the most massive cryptocurrency adoption campaign by Bitcoin Cash, almost 4000 merchants will be accepting Bitcoin Cash in Cyprus by November.

The news was announced by Roger Ver, the founder of Bitcoin.com and Bitcoin Cash on their official YouTube Channel.

Roger Ver who is one of the main proponents of Bitcoin Cash, a fork of Bitcoin believes that merchant adoption and lesser transaction fees are the only way to mainstream adoption. Hence Roger and his team are extensively working to get merchant adoption and by getting over 4000 merchants who make up almost 70% of the shops in Cyprus is definitely a major step taken towards adoption.

Daniel who is a Bitcoin Cash advocate said in his recent video that Cyprus could be the next Bitcoin Cash Island as Bitcoin cash could be integrated into the payment processors who have over 80% market share in Cyprus.

He also said that they met with a lot of government officials including the president of Cyprus to discuss Blockchain and its future applications, he says that the government of Cyprus is taking legislation of Cryptocurrencies very seriously.

Daniel said:

“We tried to set the president up with a wallet (Bitcoin Cash), but we set up his chief of staff with a wallet, he was kind of busy you know and not exactly a tech guy but very much interested in the power that Blockchain has to bring to Cyprus and we’re happy to be here to advise him”

Roger also as usual bashed Bitcoin Core for being slow and not suitable for merchant adoption and claimed that Bitcoin Cash is more of the original Bitcoin because of faster and cheaper payments.


Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity

Did you like the news you just read? Please leave a feedback to help us serve you better

Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.

Ishan Garg

Ishan is a cryptocurrency trader and a journalist. He joined the cryptocurrency space in 2017. He is the founder of Blockmanity. He is a HODLER and is holding BTC, ETH & UGT.

Share
Published by
Ishan Garg

Recent Posts

Bullish Signals for Sui Blockchain: Top SUI meme projects of 2024

Macro guru and Real Vision CEO Raoul Pal shone the spotlight on a rising layer-1…

1 month ago

AI Companions: A New Era of Digital Relationships and Virtual Experiences

As the technology landscape transforms at lightning speed, AI Companions has positioned itself as a…

2 months ago

zkCross Network: Simplifying DeFi Complexity and Achieving Fundraising Success

Did you know that 85% of DeFi value is concentrated in six blockchains?  DeFi is…

2 months ago

Don’t Miss Out: Get $CLP Tokens in the Exclusive RWA IDO Now!

CLAPART - a groundbreaking RWA platform has launched its much-anticipated $CLP token IDO on Gempad…

2 months ago

Step into the Future of Web3 at Blockchain Futuristic Conference 2024, August 13-14

Join us at BFC 2024 to explore the future of Web3. Use a special discount…

3 months ago

WebX Asia 2024: Web3 Innovation Ignites in Tokyo

Catch all the updates with Altcoin Observer, official media partner of WebX Asia 2024. Gear…

3 months ago