Bitcoin Cash (BCH) Price Technical Analysis (May 26, 2018) Posted on May 26, 2018 by admin in Uncategorized // 0 Comments
Fundamentals and development of Bitcoin Cash is not a problem. The issue we all have is the failure of price,-value-to reflect the effort of the community. Not only do we have a robust network that can scale and settle transactions faster, there is wide adoption of the coin from different payment providers and merchants. As it is, Bitcoin Cash is down 14 percent for the week and two percent in the last 24 hours but these metrics would widen should there be a dip past $930 or May 24 lows. Today’s price action is therefore important in my view. From the News A cryptocurrency would be useless if there it has no real user case encouraging retail or corporate adoption.
This is why behemoths like Bitcoin, Ethereum and Ripple for example are driving hard selling their products to the masses. Bitcoin Cash is doing the same and few days after forking, Revolut is listing BCH as a tradable asset or investment to their customers. In essence, the London based payment provider is making it possible for customers to integrate their fiat banking details and link it directly to their Revolut card. This way, their users would enjoy instant fiat-crypto transfer via Bitstamp who charges 1.5 percent transaction fees via a simple dash board. Going forward, Bitcoin Cash would be an option for buyers and it’s not a speculation or ifs because whenever a coin is available to the masses, market capitalization and liquidity follow suits.
We expect the same to happen to Bitcoin Cash in the days to come. Thousands of miles away, there is good news for Bitcoin Cash supporters in Colombia. Bitek might turn out to be their gate-away.
As a payment provider, merchants spread throughout Colombia can now receive payment in Bitcoin Cash and convert them to Pesos should they want to liquidate. This is not the first such service as it is similar to what BitPay is doing. Services like these protect merchants from price volatility as they can sell their BCH stash anytime and get their Pesos in an instant. To facilitate this, Bitek will use BCH-Pesos approximates from local cryptocurrency exchanges and Bittrex. It’s official! We accept #Litecoin #BitcoinCash and #Dash and of course continue to take #Bitcoin ! Help us spread the word #cryptocurrency fans!
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