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.
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