In the fast-paced world of cryptocurrencies, there are very few constants. But not matter how high or low and how quick the price of Bitcoin shoots up, one thing is certain, Bitcoin Cash will not be far behind, either in price, or to bask in the spotlight.
The fourth-largest coin in the market has got a bad reputation within the larger cryptocurrency space for playing Bitcoin copy-cat one too many times. Calling itself the true scalable peer-to-peer electronic cash system envisioned by Satoshi Nakamoto, BCH adherents often like to lambast “Bitcoin Core,” in its poor run at being a method of payment.
Bitcoin.com, on November 6, put out a report by Bitcoinbch.com stating that Bitcoin Cash retail transactions among Australian merchants surpassed every other cryptocurrency. Since this report was not covered by other other media outlets from the Land Down Under, coupled with the history of Bitcoin.com for pumping out pro-BCH articles all too often, crypto-Twitter did not buy it.
The article began by stating that there are 197 BCH merchants in the country, citing map.Bitcoin.com, an internal tool of Bitcoin.com, who’s Chairman is Roger Ver. Bitcoinbch.com’s report noted that over 92 percent of the total of “cryptocurrency expenditure,” in Australia by the two payment processors – Travelbybit and Hula were in Bitcoin Cash.
For the month of October as well, Bitcoin Cash was the “most useful cryptocurrency with Australian retailers,” taking 90.7 percent of the total retail crypto spent. The October report further went on to say that BCH retail transactions amounted to 75 percent of the total Australian transactions while Lightning Network racked up 50 transactions or 14.2 percent while the on-chain BTC count was 18.8 percent.
Despite stating the numbers,