Business 18 July 2018

Erik Gibbs

Google adds Bitcoin BCH to its currency conversion

It’s now possible for Google users to quickly and easily calculate their Bitcoin Cash (BCH) holdings. As of last Monday, the world’s most popular web browser has included an option in its currency converter for BCH, bringing the digital currency to the front lines. It’s a smart move, given the increased interest shown to the world’s most popular, usable cryptocurrency.

The inclusion of BCH was announced via @Bitcoin Twitter account. Simple and to the point, the account tweeted, “Google now providing real time price conversion information for #BitcoinCash.” The tweet also provided an image of the conversion, showing how easy it is to convert BCH to virtually any currency in the world.

While SegWit BTC conversion has been available for some time, the inclusion of BCH lends a fair amount of credibility to the coin. However, not everyone will be as happy. One Twitter user, BeijingBitcoinsm, responded to the announcement by pointing out, “Guess it’s time for the Bitcoin Core people to add Google to their list of companies to boycott.”

Since the August 2017 hard fork, which is essentially the rebirth of Bitcoin on the original blockchain, the Bitcoin BCH blockchain has seen over 60,000 blocks mined. The network has gone through two upgrades – the first to change its Difficulty Adjustment Algorithm (DAA) and the second to change the block size from 8 megabytes (MB) to 32 MB. The increase in block size means that BCH is much better equipped to be used as a legitimate digital currency in a retail environment, offering faster transaction times and reduced costs.

As with all blockchains, developments are still being pushed out to the BCH network. Cash Shuffle, a protocol that increases security of BCH transactions, is constantly being tweaked and developers plan on releasing a stable version in the near future.

BCH has gained a lot of attention recently. The Robinhood exchange added support for the coin this week and WeChat has introduced a native BCH wallet. The wallet allows WeChat users to send and receive BCH directly through the application and also supports group payments. Last week, CashPay was introduced to the world, allowing consumers to shop at virtually any online retailer and pay using BCH. While the app is still sorting out some minor tweaks, CashPay could prove to be the key to bringing BCH to mainstream eCommerce purchasing.

As the only coin that follows the original Satoshi Nakamoto white paper, Bitcoin Cash has the best scaling and security features. This is why we encourage all merchants and companies to take a serious look at Bitcoin BCH, as it’s the best on the market for payments and will soon be best of breed in all other areas, including smart contracts and tokens.

If you’re interested in helping the growth of merchant adoption of Bitcoin BCH, join the bComm Association, an industry group that intends to be the focal point for miners, merchants, exchanges, developers and members of the BCH community. Developers and merchants of the Bitcoin BCH community will also be on hand for the first CoinGeek Week happening in London in November. Register here, and be one of the first to know when tickets go on sale.

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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