ZEUS MINING
CRYPTO MINING PRO
Home/NEWS/

Bitcoin Cash Adoption Surpasses That of Bitcoin in Venezuela

Bitcoin Cash Adoption Surpasses That of Bitcoin in Venezuela

2019/11/13

A new report says bitcoin cash (BCH) has overtaken bitcoin (BTC) when it comes to cryptocurrency use in Venezuela.

According to a report by Brazilian crypto outlet Cointimes, bitcoin cash has taken the lead in total number of merchants accepting the cryptocurrency. The report uses data compiled by Coinmap and map.bitcoin.com to show that BCH has become a more widely accepted form of crypto payment in Venezuela than BTC.

The capital city of Caracas alone has more BCH-accepting establishments than all of the country’s BTC vendors combined. Cointimes cites bitcoin cash’s community-driven initiatives as the reasoning behind the coin’s success. EatBCH, in particular, is an organization that buys food for starving people in Venezuela, with an emphasis on helping children.

Venezuela’s bitcoin cash community has also rallied to establish a physical location in Barquisimeto, called the Bitcoin Cash House. The new location will provide an avenue for Venezuelans to learn about BCH, including teaching methods for the purchase, storage and use of crypto-assets.

Some critics claim BTC's transaction fees have also contributed to a slowdown in its adoption, as it's expensive to use in countries where people struggle financially. Venezuela has been affected by hyperinflation for years now.

NOTICE
This is an original piece. Reproduction in whole or part without written permission is prohibited.
0
About products purchase, please contact our sales manager:
[email protected]

About miner repair and after-sale issues, please contact the repair manager email:
[email protected]

For business cooperation, please contact:
[email protected]

COMPLAINTS & SUGGESTIONS
If you have any dissatisfaction during the transaction or have valuable suggestions for us, please contact us via this email address:
[email protected]
Attention!

Recently, many companies claiming to be mining companies imitate us and say that they are related to us, or that they are our branch companies, which has caused customers to be deceived. Please be careful not to believe any impostors, please check our correct contact information and beware of being deceived getting scammed, and losing money.
please check our right contact way: Here

CLOSE