Bitcoin Cash is Maturing into a Legitimate Competitor
September 13, 2017 by Trevor Hill 3 Comments
Bitcoin Cash continues to gain support among the public as more institutions adopt the crypto for commercial use — with large enterprises, like ViaBTC, helping to build up its infrastructure.
Also read: Don’t Be Fooled by Jamie Dimon’s Latest Bitcoin SlamViaBTC Adds Bitcoin Cash Trading Pairs
Earlier today, Bitcoin exchange and mining pool, ViaBTC, announced four new trading pairs on its platform — all denominated in BCC.
These are the BTC/BCC, LTC/BCC, ETH/BCC, and ZEC (Zcash)/BCC trading pairs.
The news is a major win for the fledgling currency as it gives traders a large and trusted outlet to obtain BCC, as well as just giving them more options in general to invest.
It also follows a slew of other announcements relating to the support and growth of the currency, with other firms either adopting the currency for one reason or another as well as third party features being added to the mix.BCC Getting an Unexpected Amount of Support
Despite the fact that Bitcoin Cash’s price has stagnated between USD $500 and $600 for the last month, it has continually received attention by significant players in the Bitcoin community.
Just two days after the hard fork that created Bitcoin Cash, Coinbase announced it would begin supporting BCC on 1st January 2018, allowing users to take control of their BCC funds from the time of the fork.
This marked one of the first signs of progress and was largely provoked by large withdrawals among their customer base, as people attempted to take advantage of the hard fork to receive what essentially amounted to free money.Wallets and Mixers
After the Coinbase announcement, the growth has just piled on from there.
Last month, Yours Network announced it was switching from Litecoin to Bitcoin Cash for payments and just a few days ago they launched the beta version of their platform with Bitcoin Cash support.
Additionally, multi-cryptocurrency wallet Jaxx announced it will begin supporting Bitcoin Cash trades next week.
And to top it all off, the first ever BCC coin mixer, Coinmix.to, has officially launched.
Expectations for the currency have clearly changed since the hard fork last month when many thought it was essentially dead on arrival.
Now, it seems Bitcoin Cash has a solid foundation to grow its network and become a more matured cryptocurrency in the process.
What do you think of BCC’s development so far? What do you think of the currency’s increasing support? Let us know in the comments below.
Images via ViaBTC
The ‘Bitcoin Cash’ section at Bitsonline is sponsored by Bitcoin Cash. In hopes of bringing cryptocurrency to the masses, Bitcoin Cash has set out to provide a digital currency with on-chain scalability, so everyone can use the blockchain affordably. Learn more at BitcoinCash.org.
Join the Bitsonline Telegram channel to get the latest Bitcoin, cryptocurrency and tech news updates: https://t.me/bitsonline