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Cryptocurrency strengthens its roots in mainstream payments with Bitcoin Cash [BCH]

Aman Swami



Cryptocurrency strengthens its roots in mainstream payments with Bitcoin Cash [BCH]
Source: PxHere

The number of stores which have started accepting Bitcoin Cash [BCH] and a few other cryptocurrencies has increased in the recent times. Five vendors recently started accepting the digital currency, Bitcoin Cash, including a brand new cafe-bar dedicated to 15 cryptocurrencies.

The first on the list is Coins Crypto Cafebar – it is a new cafe-bar inspired by cryptocurrencies and is gearing up to open in Osaka, Japan. Coins cryptocurrency cafe and bar announced earlier this week that its grand opening is scheduled on May 12th. There will also be pre-opening events prior to that date.

The company described the cafe-bar saying:

“The cafe-bar has 23 seats, giving it a spacious feel, it is a place where many people can talk face to face. We have a large selection of foods and original goods based on 15 kinds of cryptocurrencies, and all of the staff have names of virtual currencies”

In addition to fiat and credit cards, the cafe-bar currently listed the following payment options on its website: Bitcoin [BTC], Bitcoin Cash [BCH], Ethereum [ETH], Monacoin [MONA], Lisk [LSK], NEM [XEM] and Litecoin [LTC].

The second company that has started using cryptocurrency as a mode of payment is Safecast. It is an international, volunteer-centered organization devoted to open citizen science for the environment. On Safecast’s website, there are links to products, such as the Safecast environmental monitoring devices including the bGeigie Nano Geiger Counter Kit and the Safecast air quality monitoring kit, that is hosted on Kithub’s website. Kithub accepts BCH and BTC through Bitpay.

An online clothing company has also joined the list – Undertech sells concealed-carry clothing such as shirts, shorts, jackets, vests, legging, purses, holsters, safes, belly bands, and other concealment items. The company recently integrated Coinbase Commerce as a checkout option on the Undertech Undercover website, allowing customers to pay with BCH, BTC, ETH, and LTC.

Goldsilver is yet another company that allows its users to pay in cryptocurrency. It is a website that sells precious metals, founded by Mike Maloney, a precious metals advisor, and author. The site sells gold bars, gold coins, gold jewelry, silver bars, and silver coins. The company recently started accepting BCH and BTC via Bitpay. The company also provides a 3% discount on purchases done using Bitcoin and Bitcoin Cash.

Goldsilver is not alone, a Japanese jewelry site Rebecca Z, which sells everyday jewelry for working women, is also now accepting BCH and BTC via Bitpay.

The company said:

“We decided to introduce bitcoin payments to simplify payment procedures, this method will allow us to cope with the need to exchange different currencies on e-commerce sites.”

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Aman Swami is an Economics major from Christ University. He is very passionate about cryptocurrency and understanding of financial markets.

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