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Bitcoin Cash [BCH] over others for its fast, low-cost transactions, says Purse.io

Priyamvada Singh

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Bitcoin Cash [BCH] over others for its fast, low-cost transactions, says Purse.io
Source: Pixabay

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.




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Priyamvada is a full-time journalist at AMBCrypto. A graduate in Journalism & Communication from Manipal University, she believes blockchain technology to be a revolutionary tool in advancing the future. Currently, she holds no value in cryptocurrencies.

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