Abra, a crypto investing app, has included bitcoin cash (BCH) in its list, allows a user to deposit and withdraw with BCH directly. A user who was holding Bitcoin Cash in Abra wallet can now use the BCH directly to make payments and to trade on exchanges. This app has made easier to use Bitcoin Cash to invest in growing selection of cryptocurrencies in Abra app.
Roger Ver thanked Abra wallet for providing support to Bitcoin Cash and mentioned the one use of BCH, which is Pursue.io. It is an online marketplace that puts forward bitcoin to use and innovation, which let people have upto 30% discount from Amazon. Ver further added to it that “Everyone should use it for every single Amazon purchase.”
Ver said that Bitcoin Cash transactions are “super fast, cheap and reliable.”
According to Ver, “Cryptocurrency must be usable as a currency.” He mentioned that BCH can now be accepted at every merchant using the Bitpay, Coinbase as well as Abra wallets. He further added that BCH is being used as a store of value than using bitcoin.
Bill Barhydt, Abra founder and CEO stated that “We think competition is fantastic.”
BCH Follows Original BTC Path: Ver
Ver stated that Bitcoin cash is following footprints of Bitcoin from 2009 to 2016. He said that bitcoin’s advantage has been destroyed as the transaction charges went high upto $50, though it has been minimised now. In addition to this, he mentioned that not more than 200 tokens have been launched on Bitcoin Cash.
Supporters of smaller blocks stated that small blocks make network accessible to a large number of users as increasing the size will require large computations and machines will be required.
BItcoin Cash was created to act better for the P2P transactions because bitcoin transactions have become slow and costly. However, to date, it hasn’t surpassed the BTC usage in transactions.