Bitcoin Cash has created many miracles since its birth on August 1, 2017. With the recent recovery of the encrypted digital currency market, Bitcoin Cash has risen for 6 consecutive days, constantly refreshing its own rebound highs. The price has nearly doubled in less than two weeks, narrowing the price gap with Bitcoin. The price difference between Bitcoin Cash and Bitcoin has now narrowed to about 6 times, while the price of Bitcoin was once more than 10 times that of Bitcoin Cash.
The price of Bitcoin Cash has also skyrocketed before this, none of which is more vivid than the following three. First, in mid-August, shortly after the birth of Bitcoin Cash, Bitcoin rose from the initial 2,000 yuan to more than 6,000 yuan, and the price tripled in just three days. Second was on November 12, before Bitcoin Cash’s November hard fork, when it rose from $950 the day before to $2,426, a 1.5-fold increase in 24 hours. The last was when Bitcoin Cash went live on Coinbase on Dec. 20, rising to around $4,400 from less than $1,800 three days earlier.
Bitcoin Cash always surprises investors when it comes to rising prices. Of course, the price of Bitcoin Cash is not rising for no reason, it is worth supporting. Bitcoin Cash has now developed into one of the most popular cryptocurrencies in the market. Not only is it supported by a lot of infrastructure from numerous wallet providers and exchanges, but also numerous miners. As can be seen from the figure below, in this short half year, the computing power of Bitcoin has only increased by 1.9 times, while the computing power of Bitcoin Cash has increased by nearly 5 times from the previous 500P. So compared to Bitcoin, Bitcoin Cash is proving to be more profitable
Bitpay adds BCH to Checkout Point-of-Sale service
Of course, Bitcoin Cash is supported by far more than just exchanges, wallet providers and miners, but also many users and service providers. The latest example is from Bitpay. Bitpay has been very supportive of Bitcoin Cash for a long time, but recently it has made some new moves.
Recently, Bitpay updated its Checkout Point-of-Sale (POS) mobile app to add support for Bitcoin Cash. This means that retailers using Bitpay can receive payments in BCH via the Pos app.
Checkout allows merchants to accept cryptocurrency payments directly on mobile devices, and their orders can be priced in more than 150 currencies. And it offers a lot of service-specific features, including multi-employee checkout, optional on-screen tipping, simple tip reporting, and order ID matching entered from another point-of-sale system.
Bitpay has always only supported Bitcoin before, but it has been expanding its support since the birth of Bitcoin Cash. In addition to adding Bitcoin Cash to Checkout’s service, Bitpay said on its Twitter that it is preparing to roll out more features based on BCH. Since BitPay is a payment processor, full support for Bitcoin Cash means that thousands of merchants will be able to accept Bitcoin Cash as a payment method. BCH is also constantly developing more application directions of its own, looking forward to providing a more perfect user experience for merchants and users in the future.