UPayCard added support for Bitcoin Cash

UPayCard – a service for cryptocurrency payments – announced support for Bitcoin Cash on their platform
01 June 2018   2193

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).

Court to Dismiss BCH 'Hijack' Lawsuit

UnitedCorp claimed that it incurred significant losses due to the actions of the defendants, which are Kraken, Bitmain and Roger Ver
06 February 2020   266

The court dismissed the lawsuit of the mining company United American Corp. against the Kraken exchange, its founder Jesse Powell, Bitmain, its co-founder Jihan Wu and Roger Ver, who accused them of manipulating the Bitcoin Cash market and claimed $ 4 billion in compensation. As a reason for refusal, the court pointed to the lack of jurisdiction of the case and insufficient grounds.

UnitedCorp claimed that it incurred significant losses due to the actions of the defendants, who, after the emergence of Bitcoin SV in 2018, organized the so-called “hash war” and competed for 11 days to form the longest chain. The role of the Kraken exchange in these events was due to the fact that it was the first to decide to award a ticker for the BCH chain, also called Bitcoin ABC.

The simultaneous decrease in the price of Bitcoin Cash from $ 400 to $ 200 led to a significant drop in mining revenue of UnitedCorp. The firm claimed that the defendants violated the Sherman Act (the first US antitrust law proclaiming a crime to impede free trade by creating a trust and conspiring for such a purpose), Clayton's law, which also regulates the activities of trusts, demonstrated negligence, unintentional misrepresentation, improper enrichment and treatment property in their favor.

During hash wars, the amount of computing power in the Bitcoin Cash network reached 7.88 EH / s, whereas now it is 3.99 EH / s. Due to the actions of other miners, UnitedCorp could receive a significant part of the awards it had hoped for before, and the depreciation only worsened its position.

The court dismissed the claim without further restrictions. Thus, UnitedCorp is allowed to submit its revised version again until February 28th.