Bitcoin Cash is a cryptocurrency that was launched officially in August 2017. This technology is very similar to Bitcoin with the same number of coins, which is 21 million.
Anyone who has Bitcoin on the day Bitcoin Cash is launched will automatically receive free Bitcoin Cash! These lucky people get Bitcoin Cash at a ratio of 1: 1 according to the Bitcoin they have. Yes, it is true! So if you have 1 Bitcoin when Bitcoin Cash is launched, then at the same time you also get 1 Bitcoin Cash.
The main purpose of the use of Bitcoin Cash is to be used in the payment system. That means, just like the original Bitcoin, people can still send and receive money. It's just that, Bitcoin Cash is a new technology that allows people to make transactions faster at lower costs!
Many people think that people who get Bitcoin Cash will immediately sell their BCH. But apparently not. Since its launch from August 2017, Bitcoin Cash has a good system performance. At the moment, BCH is on the list of the top 5 cryptocurrency and is also listed on Coinbase.
Registered on Coinbase is a great achievement because Coinbase is the most popular and well-known trading system in the world! Coinbase currently only registers 4 other cryptocurrency, so the presence of BCH on this list indeed increases the credibility and popularity of BCH itself.
Because BCH itself is still young, not many sellers accept it as a payment system, especially when compared to BTC. It's just that BCH has become more and more popular so many sellers are starting to accept it as a means of payment.
There is a cool site called AcceptBitcoinCash which shows a list of sellers that accept BCH. In the list there are names of accommodation, music, casinos, perfume, sports products, clothes and so on! Guess what? If you live in South Africa, then you can pay legal assistance with BCH!