Just recently the web portal Bitcoinbch.com reported that the number of bitcoin cash (BCH) Australian retail transactions throughout the month of September outshined every other digital currency by a wide margin. After the study, the researchers analyzed transactions for the month of October and once again BCH overshadowed the competitors when it comes to retail spending.
October’s Australian Crypto Retail Data
Bitcoin Cash supporters take pride in merchant adoption and the great utility behind a peer-to-peer electronic cash system. Throughout the world, there are a number of countries that have seen widespread BCH adoption like Japan and Slovenia. Another country that sees a significant amount of BCH usage is Australia, and a good number of merchants stem from the North Queensland region. Across the entire country there’s a total of 197 BCH accepting merchants in Australia according to map.Bitcoin.com’s merchant page. Bitcoinbch.com’s last report, covering the month of September, had shown that BCH accounted for more than 92% of the total amount of cryptocurrency expenditure in the country between two payment processors Travelbybit (TBB) and Hula (Hockings Underwriting Logistics App).
The numbers have been tallied again, but this time covering the month of October and BCH outpaced the competition by a landslide. “Bitcoin Cash (BCH) is by far the most useful cryptocurrency with Australian retailers — Bitcoin Cash [has trounced] all other cryptocurrencies combined with a staggering $19,450 (90.74%) of the total October cryptocurrency retail spend,” the study explains.