Recently, Jaqi Leneé, the Product Head of Purse.io was interviewed by Ryan Charles of yours.org upon the emerging Bitcoin Cash support on Purse.io. The interview contains Jaqi’s viewpoint on the viability of Bitcoin Cash on Purse over Bitcoin as well as other cryptocurrencies, such as Ethereum.
Purse had built and started its entire service around Bitcoin and has been around since 2014. It is a marketplace to bridge the gap between people who want Bitcoin or Bitcoin Cash and people who want to spend it. People who want to get paid in cryptocurrency pass a discount averaging at around 15% to their shoppers on Amazon orders.
Moreover, the platform supports a number of cryptocurrencies via ShapeShift, after its initial phase with just Bitcoin.
Recently, as Purse decided to launch native support for Bitcoin Cash, Jaqi was asked the reason for the same. She explained that Purse was built on Bitcoin initially due to its belief in the usability of the coin, which meant low fees and fast transactions. Last year, as Bitcoin network started getting clogged, users reports began to flow in regarding extremely high transaction fees just to place an order on Purse.
As a solution to the problem of high, volatile Bitcoin transaction fees, Purse brought Bitcoin Cash into the picture to give their customers a relaxed network fee and an option apart from Bitcoin in case of network congestion.
When asked to compare Bitcoin Cash to other cryptocurrencies, Jaqi took an example of Ethereum and explained that she is looking at ‘what the development team of these cryptocurrencies is focusing on’. There is a huge demand by customers for Ethereum support. Jaqi said that it appears to be an exciting idea. She then added that the Ethereum support is at a lower priority for Purse as it has been optimized as a layer to build decentralized apps.
In contrast with Ethereum, the development team at Bitcoin Cash is focusing on optimizing for fast day to day transactions. This is the sole reason why Purse chose to implement Bitcoin Cash over cryptocurrencies like Ethereum.
IOTA [MIOTA] Trinity Wallet 0.4.0 “fancy updates”, Redditors say
EOS “should be doing 50,000 transactions per second in a few months”, says Novogratz
Is the XRP Ledger more decentralized than Bitcoin [BTC]?
Will Bitcoin [BTC]’s big break be during the imminent financial meltdown?
Truth data cloud gives users control of their private digital data with GDPR compliant platform
Cryptocurrencies are the ‘future of money’: The United States Congress
Cardano [ADA]’s Charles Hoskinson says “tremendous progress” on Cardano’s scalability
First Bitcoin [BTC] two-way ATM installed, Malta’s digital transformation on the go
Tron heats up TRX, Coinburn of 100 billion tokens completed
‘Expert’ states XRP [XRP] is a security, Ripple adopted a “wrong regulatory approach”
“I would love to see Cardano as the first trillion dollar cryptocurrency”, says Charles Hoskinson
XRP [XRP] to be added by Wirex, speculations of SBI partnership come into play
Bitcoin [BTC] based ETF application could be the first SEC approved file
Tron [TRX] introduces its new Chrome extension, ‘TronLink’