Bitcoin cash receives praises by billionaire Tim Draper

After buying the coin recently Venture capitalist and billionaire Tim Draper has endorsed Bitcoin cash. Buying and lauding the ease of use, Draper urges his followers to do the same.

Draper's endorsement comes as the Bitcoin Cash (BCH) group prepares for a fork instigated by the Bitcoin ABC infrastructure funding proposal (IFP).

Yet amid ongoing split news, Tim Draper, one of the very few billionaires who now supports cryptocurrency, still praises BCH and thanked Roger Ver "for the breakthrough".

Even if Draper's tweet does not give particular reasons, his remarks are evidently articulated in connection with the high network charges and poor confirmations that other networks are being troubled at this time.

Bitcoin cash (BCH) so far appears to be untouched by the existing problems facing the Bitcoin (BTC) and Ethereum (ETH) networks — the unsustainably high fees for transactions and longer confirmation times.

It is precisely these qualities that seem to drive expanded BCH use in crypto loving countries such as Nigeria. BCH fees sit below $0.01 at a time when Bitcoin and ether are now north of $8 for a transaction of the same size.

That's why some crypto platforms such as Yellow Card, a site of trade for Nigerians to turn crypto-bitcoin into local money, state they are looking aggressively to incorporate BCH.

 In the international remittances sector, Cryptocurrencies are gaining momentum because they are fast and cheaper than conventional transmission networks. However, late in the day digital currency such as Bitcoin and ether are affected by existing high exchange costs and sluggish validation times.

 Crypto users in Africa have expressed great fondness for the digital assets offering real benefits relative to traditional Crypto users in Africa have expressed great fondness for the digital assets offering real benefits relative to traditional assets.