Bitcoin Cash Payments to Have Low Popularity

According to the Chainalysis team, one of the reasons of this is concentrated ownership of tokens
21 August 2018   1656

Analysts from the Chainalysis conducted an analysis of the trade turnover of the largest crypto payment services and found a significant decrease in the volume of payments in the Bitcoin Cash. This is reported by Bloomberg.

There are fewer users of Bitcoin Cash, fewer holders.
 

Kim Grauer

Senior economist at Chainalysis

Since the beginning of this year, the price of Bitcoin Cash has fallen by about 75%. However, this cryptocurrency remains one of the largest. So, according to CoinMarketCap, it occupies the fourth line of the rating, and the market capitalization of BCH is $ 9 billion. The weighted average price of the coin at the time of publication is approximately $ 520.

After analyzing the turnover of the 17 largest crypto payment services, including BitPay, Coinify and GoCoin, it became clear that Bitcoin Cash (BCH) payments in this digital currency significantly decreased. If in March Bitcoin Cash turnover was $ 10.5 million, in May it decreased to $ 3.7 million.

According to Grauer, another reason for the low adoption of Bitcoin Cash in e-commerce is concentrated ownership of tokens. It is reported that more than half of the offer of this crypto currency is on 67 wallets. At the same time, only two wallets store from 10 to 100 thousand BCH.

HTC Exodus 1 Smartphone to Start BCH Support

"Blockchain" smartphone supports Bitcoin, Litecoin, Ethereum and ERC-20 tokens and can be bought both for fiat and crypto, worth $699
17 September 2019   207

Taiwanese electronics manufacturer HTC has added support for Bitcoin Cash to the EXODUS 1 blockchain smartphone, the press release said.

In partnership with Bitcoin.com, the company integrated a pre-installed BCH wallet into the updated software of the gadget.

Smartphone users will be able to store keys and carry out transactions with Bitcoin Cash through a Zion Vault wallet operating in a trusted execution environment (TEE).

The partnership also provides for the sale of EXODUS 1 and later through the Bitcoin.com online store.

EXODUS 1 supports Bitcoin, Litecoin, Ethereum and ERC-20 tokens. The device sells for $ 699, you can pay for it with both cryptocurrencies and fiat money.