With the entire world going digital and more and more brands like Gucci and Balenciaga making their announcements along with several schools in UAE and Mumbai accepting payments in crypto as well as a couple of countries in the process to legislate BitcoinCash as a legal tender, this currency’s opportunities are endless. The event aims to ensure that Indian businesses can keep up with the technological advancements of the world and evolve with them. Each guest will be provided with free Bitcoin Cash which they can use to buy drinks or food at the event. The meet-up creates the perfect opportunity to learn and implement simultaneously, making it a once-in-a-lifetime offer.
In 2017, a much-needed step was taken to increase the maximum block size, giving birth to Bitcoin Cash. Anyone who held Bitcoin at that time (block 478558) became an owner of Bitcoin Cash (BCH). The network now supports up to 256MB blocks with ongoing research to allow massive future increases.
Bitcoin Cash brings sound money to the world, fulfilling the original promise of Bitcoin as “Peer-to-Peer Electronic Cash.” Merchants and users have been empowered through low fees and reliable confirmations. With unrestricted growth, global adoption, permissionless innovation, and decentralized development, the future shines brightly. It caters to a wide variety, from booking air tickets and hotel rooms to shopping at 100+ websites and thousands of retail stores. Along with this, variety of gift certificates can be bought on the app from companies such as Delta Airlines, Adidas, Uber and many more. Users also avail 15% off on Amazon with bitcoin cash using purse.io. Bitcoin.com already has over 31 million wallets downloaded and 100,000 cash register users around the globe. It aims to be used in day to day needs.
A significant difference between Bitcoin and Bitcoin Cash is the amount of time it takes to set them up. While Bitcoin can take a minimum of 20 mins to complete a payment, Bitcoin Cash is an instant scan and payment method. Bitcoin cash is more of a utility and store of value as compared to only store of value like other crypto. It is also listed in all major exchanges worldwide. Bitcoin Cash is already being tabled to be legal tender in the country of St Maarten. Few businesses have already started to pay salaries to their employees with Bitcoin Cash. Member of Parliament in St Maarten MP Brison requested his entire salary in Bitcoin Cash.
With India moving towards digitalization yet having uncertainty around cryptocurrency regulations, the fusion of security provided by bitcoin and the reliability of cash fulfills both the purposes the user desires. The merchants have the option to change it to a stable coin and the integration within the app with flexusd for those who don’t like the volatility and also want to earn a stable interest.
Roger Ver, the CEO of bitcoin.com, is a citizen of St Kitts and Nevis, the Caribbean islands, which were in the news for the vast absorption of Bitcoin Cash as a reliable payment method.
The driving force behind this reform in the Caribbean, Sunny Gehani, is now hosting an invite-only event on May 29 in Mumbai, The Bitcoin Cash Merchant Meet-up, to familiarise business owners with this ease of payment. Sunny Gehani has onboarded more than hundreds of merchants in the last four months and is now spreading awareness in many countries about Bitcoin Cash.