Bitcoin Cash has created many miracles since its birth on August 1, 2017. With the recent recovery of the cryptocurrency market, Bitcoin Cash has risen for 6 days in a row, continuously breaking its own rebound record. The price nearly doubled in less than two weeks, closing the gap with Bitcoin. The price gap has narrowed to about six times that of bitcoin cash, which was once more than 10 times that of Bitcoin Cash.
Bitcoin Cash’s price has skyrocketed before, and the following three are the most memorable. 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 its price tripled in just three days. On Nov. 12, just before the Hard fork in November, bitcoin Cash jumped from $950 the day before to $2,426, a 1.5-fold increase in 24 hours. The last time was when Bitcoin Cash launched on Coinbase on December 20, when it rose to near $4,400 from less than $1,800 three days earlier.
Bitcoin cash has always surprised investors when it comes to price rises. Of course, the price of Bitcoin cash has not gone up for nothing, but there is value to support it. Bitcoin Cash has grown into one of the most popular cryptocurrencies in the market. Not only is it supported by a large infrastructure of numerous wallet providers and exchanges, but it is also supported by a large number of miners. As can be seen from the chart below, bitcoin’s computing power has only increased by 1.9 times in this short period of six months, while bitcoin Cash’s computing power has increased by nearly five times from around 500P before. So bitcoin Cash has proved more profitable than bitcoin.
Bitpay adds BCH to the Checkout point-of-sale service
Of course, bitcoin Cash is supported by far more than exchange platforms, wallet providers and miners. There are also many users and service providers. The latest example comes from Bitpay. Bitpay has long been very supportive of Bitcoin cash, but it’s been doing something new lately.
Bitpay has updated its Checkout Point-of-sale (POS) mobile app to add support for Bitcoin cash. This means that any retailer using Bitpay can receive BCH payments through the Pos application. Checkout allows merchants to accept cryptocurrency payments directly on their mobile devices, with orders priced using more than 150 currencies. It also offers a number of service-specific features, including multi-employee checkout, optional on-screen tipping, simple tip reporting, and order ID matching from another point-of-sale system.
Bitpay has always supported only bitcoin, but has been expanding its support since bitcoin Cash was born. In addition to adding Bitcoin cash to Checkout’s services, Bitpay said on its Twitter feed 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 payment. BCH is also constantly developing its own application direction, in order to provide a more perfect use experience for merchants and users in the future.