Business 28 September 2018

Dennis Wafula

Bitnovo expands boundaries with Bitcoin BCH support

Spanish cryptocurrency trading platform Bitnovo has added support for Bitcoin Cash (BCH), effective September 27. Users of Bitnovo’s Bitcard and N26 bank-free products can now top up their accounts with Bitcoin BCH, alongside LTC or ZCash. Payments using the cryptocurrency are also supported, according to the trading platform.

Bitcard is a crypto-based debit card that allows for easy and fast conversion of cryptocurrency like Bitcoin BCH to fiat currency—the Euro, for now—without users having to go through the bank. N26, meanwhile, is a mobile-based banking service that allows its users to buy and sell cryptocurrencies, among other related functions.

In an interview with news.bitcoin.com, Bitnovo Chief Marketing Officer Roberta Quintillano said, “From today, holders of Bitcard and a N26 account can now top them up easily in Bitnovo platform with Bitcoin Cash. Furthermore, it will be possible to use Bitcoin Cash as payment methods to purchase all the Bitnovo services.”

Bitnovo’s move to integrate Bitcoin BCH follows the footsteps of an increasing number of merchants that have started to accept the cryptocurrency as payment. In the U.S. for example, residents are now able to pay for their TV subscriptions with satellite television provider DISH TV in BCH following the company’s integration with cryptocurrency payment service BitPay.

The partnership with BitPay allows DISH customers to utilize their Bitcoin BCH to pay for monthly subscriptions as well as pay-per-view movies. The company says as a push transaction, customers must send the exact amount of BCH needed to make a one-time payment.

John Swieringa, DISH executive VP and COO, said onboarding Bitcoin BCH—which continues to rise in prominence—allows that company to continue to serve those paying in cryptocurrency.

According to Swieringa, DISH has “a steady volume of customers paying with cryptocurrency each month, and BitPay will allow us to continue offering more choices and convenience to our customers.”

To find out how easy it can be to accept Bitcoin BCH payments with BitPay, read here.

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.

Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.

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