Wednesday, 2nd January: Bitcoin Cash [ BCH ] is making huge progress in terms of merchant adoption. According to the popular bitcoin merchants aggregator, www.acceptbitcoin.cash, 945 merchants accept Bitcoin Cash, compared to 1748 merchants that accept Bitcoin.
Bitcoin Cash adoption has increased by close to 50% in the past 6 months. Before June 2018, around 500 merchants accepted BCH. Currently, 945 merchants accept Bitcoin cash and about 2-3 new merchants are onboarded weekly. Merchants include both offline and online retailers.
Bitcoin Cash’s strategy to position itself as a means of payment rather than a store of value seems to be attracting users. To increase merchant adoption Bitcoin Cash is coming out with helpful tutorials and easy Bitcoin Cash integrations.
It is yet to see which scaling solution emerges victorious: On-chain scaling ( BCH ) or off-chain scaling ( BTC ). Vitalik Buterin, himself has praised the Bitcoin Cash project for their work on the on-chain solution, though he warns the Bitcoin Cash community, instead of attacking Bitcoin and its community, should focus on building a better product.
Did you like the news you just read? Please leave a feedback to help us serve you better