Business 19 September 2018Erik Gibbs
North Queensland at the front of Bitcoin BCH adoption
Queensland, Australia, is at the forefront of cryptocurrency adoption. As awareness continues to grow, the area is quickly turning to crypto and one digital currency stands out above the rest—Bitcoin BCH. Given Bitcoin BCH’s goal of being the leading retail-driven cryptocurrency, it isn’t too surprising that it would become a favorite.
North Queensland now has 73 companies and 33 retailers who now accept Bitcoin BCH. The crypto can be used to pay for a variety of goods and services, from artwork to clothes, and from gym workouts to tattoo removal.
Sitting down for a nice cup of java at a number of area cafes and paying with Bitcoin BCH is also possible, as is paying for auto repairs. The list of options expands almost constantly and the area also has its own Bitcoin BCH meetup, as well as a Bitcoin BCH-only ATM.
Virtually on a weekly basis, a new image pops up on social media platforms showing another retailer that has been added to the space. The businesses have focused almost exclusively on Bitcoin BCH, reducing the amount of confusion stemming from the new industry and the seemingly endless names of cryptocurrency options.
One Reddit user summed up the decision to focus on Bitcoin BCH, saying, “Many merchants in North Queensland are choosing to accept only [Bitcoin BCH]—North Queensland is also seeing the appearance of [Bitcoin BCH-only] ATMs—As these merchants are well informed and well organized, why are they choosing to concentrate on bitcoin cash for their electronic commerce needs. Concentrating on simply bitcoin money permits the North Queensland service provider teams to eradicate a great amount of buyer confusion and extra simply present technical help for his or her service provider members.”
In August, merchant adoption of Bitcoin BCH exploded by 52%. This is a huge step forward and is driven by the realization that Bitcoin BCH has the ability to offer extremely fast transaction times at virtually no cost. This makes it an extremely viable alternative to fiat and is helping the digital currency receive wide-reaching adoption across the globe.
Bitcoin BCH is also gaining ground in the Philippines. Given that it has only been just over a year since Bitcoin BCH forked off the BTC chain, the progress it has made being accepted as a retail payment alternative has been extremely impressive.
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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