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Bitcoin Cash

nChain’s Craig Wright speaks about Bitcoin Cash [BCH] and trade

Priya

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nChain's Craig Wright speaks about Bitcoin Cash [BCH] and trade
Source: Unsplash

Dr. Craig Wright, the Chief Scientist of nChain, popularly known as Faketoshi spoke about the use-case of Bitcoin Cash [BCH] in Africa and how it can improve the economic status of the country, during a conversation with CoinGeek.

Craig was questioned on how Bitcoin Cash [BCH] and the blockchain technology matter in terms of trade for Africa. To which, he said that Bitcoin Cash enables a payment system and this according to him, is going to open up the markets and the ability to trade on a global platform and not just on the regional platform.

He continued to say:

“A global money becomes trusted because you know it is  liquid everywhere but we can do things like enabling people to invest here in maybe even coffee plantations, maybe other forms of agriculture, maybe be growing plantains that not get sold locally but becomes sold everywhere.”

He further added that through this people can earn more money and buy more goods and service. He said that people can also educate their children and develop a brilliant future for Africa.

Furthermore, Craig was asked about his perspective on having a specific token or a cryptocurrency for Africa in order to expand its trade. The Chief Scientist said that fiat can be paired with anything including Bitcoin Cash. However, he thinks that the real problem is creating a currency which can be globally distributed. He said:



“We don’t want to globalize. This is the whole pint of specialization. What are you building here and there are some new industries starting to pop up and that is what they need to focus on whether it is developing new technology.

Craig further added:

“whether it is having the agriculture in a way that consulting the world whatever else but to do that, you are not looking at selling between Africans. You want to sell Europe, you want to sell to Asia, you want to sell to America. “

According to him, a currency “actually” becomes powerful when it is accepted on a global platform. He concluded by stating that Bitcoin Cash will enable achieving that global economy.





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Priya is a full-time member of the reporting team at AMBCrypto. She is a finance major with one year of writing experience. She has not held any value in Bitcoin or other currencies.

Bitcoin Cash

Bitcoin Cash [BCH] rolls out iOS version of Bitcoin Cash Register

Rishi Raj

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Source: Pixabay

Bitcoin Cash [BCH] recently made headlines when the CEO of Bitcoin.com, Roger Ver got involved in a bet of $10,000 with Tone Vays, a popular Bitcoin maximalist which the former lost. After launching a free point-of-scale solution, Bitcoin Cash Register for Android operating systems, Bitcoin.com and its developers have rolled out an iOS version of the same.

Bitcoin Cash register allows anyone with an Android or iOS device to accept BCH payments. This came as a part of the company’s agenda to promote the adoption of crypto in the mainstream. With the installment Bitcoin Cash Register, it would be easier for retailers to accept BCH as payment from customers.



As reported by Bitcoin.com, Bitcoin Cash Register claims to be easy to use without any prior account registration and the transactions are carried out in a non-custodial manner. This was confirmed by Bitcoin.com via a tweet:

The bet between Roger Ver and Tone Vays regarding the low transaction fee had left the social media divided, with proponents on both sides arguing about the authenticity of the bet and factors taken into consideration while betting.





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