With a tweet announcing its official support for direct, in-wallet purchases for Bitcoin Cash, BTC.com’s wallet is now better equipped to handle peer-to-peer electronic cash transactions. The updated feature is strategically laid out to accommodate the increasing demand for more Bitcoin Cash services and integrations.
The multi-platform wallet has set some simple guidelines for purchasing Bitcoin Cash directly inside their site. After creating a new wallet or logging into an existing one, users may immediately access the new purchasing feature. The Bitcoin Cash section provides an easily-understandable checkout flow. Here’s a screenshot of the interface as provided by BTC.com:
With the tab selected, users will then indicate an amount:
After choosing the desired amount, the billing information is promptly arranged for users to fill out:
The standard check out procedure is then completed with credit card and identity verification. Bitcoin Cash users must note, though, that BTC.com has set a minimum amount for buying the cryptocurrency. The least amount that a single user can buy is $50 or its equivalent in BCH or EUR. To ensure fraud protection, BTC.com follows standard regulations, with an average deposit wait time of 2-3 days. The credit card integration is supported by Simplex, an AI-based payment processing and fraud protection platform.
Owned by Chinese Bitcoin firm Bitmain Technologies, BTC.com is one of the largest, most active service providers for Bitcoin Cash users. The company has already laid down additional features for BCH, with utilities such as a Bitcoin Cash explorer and a Bitcoin Cash recovery tool easily available through their website. With a strong roadmap for development, the increased adoption for Bitcoin Cash in the cryptocurrency sphere is an indication of how users respond to new developments for BCH in terms of its features.
Client-side implementations to enhance security, facilitate better timestamping, connect representative tokens, as well as sustain more complex transaction scripting for the Bitcoin Cash network are all planned out with at least six decentralized teams of developers working together. With an imminent block size increase to 32MB scheduled as early as May 2018, the BCH network is opening up the future of peer-to-peer digital cash with unrestricted growth, global adoption, permissionless innovation, and decentralized development.