Bitcoin.com to launch Bitcoin Cash Visa debit card

0
343

Roger Ver is one of the biggest advocates of Bitcoin Cash in the cryptocurrency world and he has recently tweeted that Bitcoin.com will release a Bitcoin Cash VISA debit card very shortly.

Roger still believes that the fork which took place on 1st August 2017 is legitimate and that BCC should be the real Bitcoin as per the original guidelines in 2009 set out in the whitepaper by Satoshi Nakamoto – Bitcoin: A Peer-to-Peer Electronic Cash System

The main issues with Bitcoin at the moment is the block size of 1 MB, which only allows a small number of transactions to be processed at the expense of significant transaction fees and slow speed of transaction processing. Bitcoin Cash tackles these issues by increasing the block size from 1 MB to 8 MB, which would allow a larger number of transactions to be completed more quickly and at lower costs.

Despite the reasonable arguments, the community behind Bitcoin has been quite reluctant to adopt the new solution, leading to a rift between advocates of Bitcoin and Bitcoin Cash, respectively.

The new solution of using a VISA debit card is likely to increase the value of Bitcoin Cash as the coin becomes very easy to use and spend for transactions. This is not the case with Bitcoin, as illustrated by the recent news that Steam dropped Bitcoin as a method of payment due to the high fees and long transaction times.

Even though there are other debit / credit card solutions (TenX or Monaco) looking to implement ways in which users could spend cryptocurrencies on their daily purchases, a native solution with Bitcoin in the title might help increase the mainstream adoption of the revolutionary market.

Throw Coins!

LEAVE A REPLY

Please enter your comment!
Please enter your name here