Business 6 June 2018

Erik Gibbs

Roger Ver brings BCH payment processing to retailers in Japan

In a sweeping and high profile advance for Bitcoin Cash (BCH), Roger Ver has announced that tens of thousands of convenience stores in Japan will now be able to accept the cryptocurrency. Ver is one of the largest proponents of BCH and the announcement couldn’t come at a better time. The news coincides with a current bull run of the cryptocurrency market.

Ver was in an interview with Corbin Fraser, a developer for Bitcoin.com, when he made the announcement. He stated, “I didn’t post it or talk about it publically yet but we just had a meeting over this week; Bitcoin Cash is coming to tens of thousands of convenient stores in Japan and you’ll be able to buy anything in the entire convenient store with Bitcoin Cash which means including like paying your electric bill.”

The intrepid BCH bull continued, explaining how the first version of Bitcoin was developed to buy coffee, and how BCH aims to reach that goal. BCH has begun to grab a lot of attention in the retail space, and soon could be the primary choice for cryptocurrency payments in the industry. Ver also delved into Menufly, a service in major U.S. cities that accepts BCH, as well as Bitbox, a suite of tools available to developers to create new enhancements on the BCH blockchain.

Cryptocurrency, while viewed as some as only a store of value, doesn’t have intrinsic value unless it can be used. This is why BCH has become popular—it is designed to be spent, not just stored. One Reddit user, Mob Two, pointed out, “Yep, freaking awesome. Definitely on the right path to cash for the entire world. Love it!”

According to another user, Ricardo Town, “Important thing about this: you can pay for anything at convenience stores in Japan. I bought items off Amazon at convenience stores in cash. I paid all my bills. I paid for everything at convenience stores. If this pans out, you can then almost buy everything with BCH in Japan.”

Since it was born from a hard fork of BTC in August, BCH has gained considerable strength and is now one of the top cryptocurrencies. It is currently the world’s fourth-largest digital coin in terms of market cap and, as of this writing, has a value of $1,153.50.

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

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