Business

Erik Gibbs

Netcoins announces support for Bitcoin BCH

According to a recent press release, the Netcoins over-the-counter (OTC) brokerage has added support for Bitcoin Cash (BCH). The move gives the company’s clients immediate access to purchase Bitcoin BCH through Netcoins’ OTC Private Brokerage Services in one of more than 21,000 retail locations found in Europe, Canada and Australia.

Mark Binns, the company’s CEO and director, stated in the release, “Adding BCH brings us to having 6 of the top 7 coins available via Netcoins. With just EOS left among the top 7 coins, we are giving investors a compelling reason to use the Netcoins network for all their crypto needs, whether via OTC or via our strong retail network.”

Netcoins was founded in British Columbia by Michael and Dominic Vogel. It was started to develop an easy way for consumers, in particular OTC clients, mass consumers and high net worth individuals to buy and sell crypto. It also offers a virtual crypto ATM that allows any terminal to be used as an ATM, providing an extra revenue stream for the business.

In July, Netcoins reached a new milestone when it was announced that the company had transacted over $2 million in a single day. That followed shortly after Netcoins had transacted $1 million in a day earlier the same month. For that month alone, the company surpassed $5.5 million in transactions.

After the substantial growth seen in July, Binns stated, “Our business continues to evolve quickly, and the global crypto relationships we have spent the past months establishing are paying off when crypto volumes spike up or down and clients need liquidity. There is a lot of noise in the industry. Being a public company that is audited, trustworthy and stable continues to attract interested clients who need the white glove service that we can provide.”

Bitcoin BCH is seen on a daily basis gaining substantial ground in the digital currency realm. This is due to the success of the coin’s supporters, who are remaining true to the original vision offered by Satoshi Nakamoto when he first conceived a peer-to-peer digital currency. While many crypto variations have been introduced, they have all taken different paths and are not focused on remaining a true and legitimate currency.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.

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