UPayCard added support for Bitcoin Cash

UPayCard – a service for cryptocurrency payments – announced support for Bitcoin Cash on their platform
01 June 2018   1040

Crypto enthusiasts around the world constantly face the same problem, regardless of the country – inability to use their coins to make real-life purchases at the local store. As usual, with the demand came the offer in form of different services with different approaches to the problem. Some provide payments though the special POS terminal, while the others, like UpayCard, go in the opposite direction. UPayCard provides a whole platform for storage and spending of your cryptocurrency via an app, or with a pre-paid physical card.

UPayCard has been mostly on the good side o the community, but the lack of support for all th diverse coins out there has been a long grumbling point with the clients. Now they wouldn't have so much to complain, because the company during the latest expansion has added support for Bitcoin Cash, which has been steadily growing in popularity with users and vendors alike.

“Bitcoin Cash is the latest cryptocurrency to join the growing list of UPayCard’s crypto offerings. Bitcoin Cash brings sound money to the world, fulfilling the original promise of Bitcoing ‘Peer-to-Peer Electronic Cash’. Merchants and users are empowered with low fees and reliable confirmations.” - was published on the company's website (original grammar at the time of posting preserved).

GMO Internet to Report on BTC Mining Increase

Additionally GMO completely stopped mining Bitcoin Cash; in November 2017, it mined 400 BCH coins
09 January 2019   216

Japanese IT giant GMO Internet Group has published a report, which reported an increase in the number of BTC companies.

The company also confirmed information about the termination of the production of its own equipment due to significant financial losses. In addition, GMO confirmed plans to transfer mining capacities to regions with cheap energy prices and the possibility of switching to alternative energy sources.

During last December GMO mined 960 BTC. This is almost a third more than in November 2018. Also, this indicator is 45 times higher than the volume of extracted bitcoins during December 2017, when the company was just starting the mining business.

On the other hand, GMO completely stopped mining Bitcoin Cash (BCH). Note that in November 2017, the company mined 400 coins of this fork of Bitcoin.

Last December, the GMO mining hashrate was 670 PH / s, which is 30 times more than a year ago.

The company also announced that it will now provide reports quarterly.