Connect with us

Bitcoin Cash

All signs point at Bitcoin Cash [BCH] breaking into top 3

Rajath Kumar

Published

on

All signs point at Bitcoin Cash [BCH] breaking into top 3
Sources: Flickr

The crypto-market is in a state of disaster as many coins are dropping off in price. Bitcoin was about to reach the $10,000 mark but ended up dropping below $9000. This has affected the other coins as even they have dropped off in price. Many think that it might be the end of the crypto hype. But coins are slowly rising back again and investors predict that Bitcoin Cash [BCH] might enter into the top 3 of the crypto-rankings after its fork.

BCH is currently priced at $1315.19 with a circulating supply of 17.12 million and an overall volume of $1.31 billion. The coin has a market cap of $22.52 billion. It is being noticed that the coin has declined by 0.19% in the past 24 hours and 18.98% in the past 7 days.

But the decline rate is nothing to be worried about as it has had the 2nd least decline rate in the top 15 cryptocurrencies. All other cryptocurrencies have had a 20% and above decline rate except for Bitcoin [BTC] and Ethereum [ETH].

7 days graph of BCH

7 days graph of BCH

Cash Consortium [C2] is a Bitcoin Cash blockchain startup which was recently established that aims to provide a long-term growth in Bitcoin Cash. The organization follows the World Wide Web Consortium’s open standards. The open standards allow developers to have freedom and to find out bugs and flaws inside of the software.

One of the main founders of C2 says:

“Bitcoin Cash [BCH] is one of the most important forms of cryptocurrency known. It has scarcity, fungibility, divisibility, durability, and transferability which make a coin perfect. Our company has aimed to standardize the upcoming technologies in a way that play to BCH’s strengths. The coin is flexible in a sense that it allows smart contracts, colored coins, tokens and many more features.”

Many experts speculate that the upcoming fork on 15th May will push BCH in the top 3 of the crypto-rankings.

Olleh, a Twitter user says:

“I’m so excited for the fork, BCH has been playing the second fiddle to Bitcoin for such a long time. After BCH enters into top 3, It’s only a matter of time before it overtakes Bitcoin.”

loading…




Follow us on Telegram | Twitter | Facebook



Rajath Kumar is an intern at AMBCrypto. He became aware of the crypto-world through gaming and has been a part of it for two years now. Rajath does not hold any value in any cryptocurrencies or its projects.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Bitcoin Cash

Bitcoin Cash [BCH] launches Bitek, allows conversion to Pesos

Simran Alphonso

Published

on

BitCoin Cash [BCH] launches Bitek, allows conversion to Pesos
Source: Pixabay

Bitek is a new launch by BCH. It is a brand new payment processor of the Bitcoin Cash network. This system allows merchants from Columbia to accept BCH and convert Pesos as and when their need.

Bitek’s business model is considered to be somewhat similar to the Bitpay Service system as it offers BCH based merchant transaction processing, invoicing and accounting services for the convenience of customer management.

Bitek’s Founder, Javier Barrera recently spoke at the Satoshi’s Vision Conference in Tokyo and detailed how his team is integrating BCH into Colombia’s retail market.

Javier Barrera and Andrés Rivera are the Co-founders of Bitek. Their passion for Bitcoin Cash is explained in an interview with the Latin American Publication, Diariobitcoin. The Co-founders stated:

“BCH is a better Bitcoin and it is the asset that best fits with the definition and the philosophical line proposed by Satoshi Nakamoto.”

Barrera and Rivera explain the benefits of Bitek for merchants looking for a BCH payment gateway such as liquidity with a remuneration in Colombian Pesos, protection from cryptocurrency volatility, and accounting. 

According to the article posted on the official website of BCH, they say:

“Bitek plans to launch a marketplace as well that facilitates trades between buyers and sellers and payments made with Bitcoin Cash. Further Bitek has detailed it has been in talks with BCH-based firms such as Centbee and Nchain concerning future collaborations. The startup has also organized BCH meetups on a weekly basis at popular venues like the Revellion Cultu-Bar. Bitcoin Cash supporters seem pleased with another addition to the slew of companies offering BCH infrastructure services.”

Merchants who are interested in using Biteks services have to register and fill out the information on Biteks website for the facilities related to the payment gateway, deposits in BCH, and conversion to Colombian pesos.

On the official twitter handle of BCH they tweeted their Bitek article, caption being:

“BCH Payment Processor Bitek Allows Colombian Merchants to Convert to Pesos…  #bitcoin “

The part where the official Twitter handle of BCH uses “#Bitcoin” while they pretend to be Bitcoin and not Bitcoin Cash is one of the major reasons amateur crypto investors have trust issues.

loading…


Continue Reading

Bitcoin Cash

Revolut adds Bitcoin Cash [BCH] and Ripple [XRP] to buy/ hold and sell

Prerana Sarkar

Published

on

Revolut adds Bitcoin Cash [BCH] and Ripple [XRP] to buy/ hold and sell
Source: Pixnio

On May 24th, the London based digital banking alternative Revolut has added Ripple and Bitcoin Cash to their cryptocurrency feature on the App. This feature allows users to change their fiat currency into cryptocurrency, to increase their investments with instant transfers of Ethereum, Bitcoin, Litecoin, and now introducing into the digital currency list Ripple and Bitcoin Cash.

Vlad Yatsenko, the chief technology officer at Revolut commented saying:

“We’ve been asking the Revolut community which cryptocurrencies they would like to see next and the demand for both XRP and Bitcoin Cash has been absolutely overwhelming.”

Cryptocurrencies are on its way to become the mainstream topic for future banking with its increasing customer demands. About 20 percent of Revolut customers have tested the cryptocurrency feature, so far. The company trades more than 100,000 Bitcoin, Litecoin, and Ethereum.

The app is expected to definitely boost up its users with its new introduction to XRP and BCH as trending digital asset tokens. So, by adding more digital tokens FinTech companies like Revolut will reach out to others who are still reluctant towards accepting crypto-related services and tokens.

Revolut’s Twitter page earlier claimed:

Another Twitter enthusiast said:

Currently, Revolut has partnered with Bitstamp, a Bitcoin exchange in Luxembourg to carry out crypto-transactions with a charge of 1.5 percent added to the total exchange fee cost for buying these coins.

Brian Jamieson, the CEO of Centtrip, another FinTech company specializing in online payments says:

“We are seeing a reluctance from the banks and card schemes to offer services or support to crypto-related companies. We receive requests for accounts from crypto-based companies almost daily that we turn away.”

loading…


Continue Reading

Trending