@Pantera
edited
more from that month
AMC Theaters Announced Bitcoin Cash as a Payment Method
AMC announced today that by the end of the year it will adopt four cryptocurrencies as a payment method for tickets in its theaters. These payment options include Bitcoin Cash, BTC, Ethereum, and Litecoin. Because BTC and ETH payments require extremely high fees, some kind of the third party may be under consideration. Meanwhile, Bitcoin Cash can be accepted without the requirement of a third party, something that could possibly save significant fees for any business.
*Source:* *Twitter* https://twitter.com/CEOAdam/status/1438298684266098688
Bitcoin Cash Is (at least) a Top-Four Cryptocurrency Yesterday, it was Interactive Brokers that announced its crypto trading platform and now offers Bitcoin Cash together with Ethereum, BTC, and LTC for trading. AMC is another top corporation that proceeds with the adoption of cryptocurrency, this time not for investment purposes but as a payments method. While there are few details on the service AMC will use, it would be perfect for Bitcoin Cash to prove its strength by being adopted as payment with the use of non-custodial wallets. Bitcoin Cash offers instant and feeless transactions, something the other three blockchain networks don’t. Bitcoin Cash is the Bitcoin that scales on-chain. BTC and ETH have proven to be inefficient, with high fees and clogged networks. We have investment funds including Bitcoin Cash in their strategies and reject ten other cryptocurrencies that currently hold a higher market cap than BCH. Bitcoin Cash is a priority when any corporation or financial organization selects the cryptocurrencies it will adopt. We’ve seen it with Grayscale, PayPal, SBI and JPMorgan, and many more companies that select Bitcoin Cash as a priority. Bitcoin Cash is constantly a top-four selection from all the institutions and corporations that adopt crypto, yet the cryptocurrency markets act irrationally and should be valuing Bitcoin Cash at higher prices. Maybe the crypto exchanges also have something to do with it, as some of the top (Kraken, Coinbase) require 15 confirmations to release the fund on the users' accounts.
In Conclusion Bitcoin Cash is a huge brand already and once it recovers a leading position in the market, we will notice its publicity on the rise. For the moment, it is still in a yearly long accumulation zone, but with more developments and more adoption of the SmartBCH sidechain, there will be wonders concerning price. The latest news by AMC is one more important step towards Bitcoin Cash adoption. Although I doubt that any AMC out there would ever adopt BTC or ETH for their blockchain efficiency. Even Litecoin lags in all chain metrics, like the speed of transactions and fees. Bitcoin Cash is the fastest out of all these options that also asks for insignificant fees to transact. Businesses can accept it for payments as it is, with no intermediary, and it will perform as anyone would expect for a digital payments method. Remarkably, both BTC and ETH are not payment methods. They can be used for payments under centralized custodial wallets, perhaps PayPal. BTC and ETH would require $3-$50 just for fees, making BTC and ETH holders unable to visit the cinema during times of congestion. Just something for AMC to consider, in case the service it decides to use is found to be costly and inefficient.
**Backpage** **Images:** *Lead Image From:* ***Unsplash****(modified)* https://unsplash.com/photos/qe01zcSB890 **Relative Articles:** ***The Sheer Lunacy of the Crypto Market - Bitcoin Cash Still Undervalued*** https://read.cash/@Pantera/the-sheer-lunacy-of-the-crypto-market-bitcoin-cash-still-undervalued-125c9161 ***This $350 BILLION Fund Is Now Offering Bitcoin Cash Trading*** https://read.cash/@Pantera/this-350-billion-fund-is-now-offering-bitcoin-cash-trading-f70f44e1 *****Grayscale's Bitcoin Cash Trust to Become SEC Reporting Company***** https://read.cash/@Pantera/grayscales-bitcoin-cash-trust-to-become-sec-reporting-company-84ac9c2c *****JPMorgan Allows Access to Retail Investing In Bitcoin Cash***** https://read.cash/@Pantera/jpmorgan-allows-access-to-retail-investing-in-bitcoin-cash-c82844b4 *****Bitcoin Cash was selected by SBI Bank for the First Crypto Fund In Japan***** https://read.cash/@Pantera/bitcoin-cash-was-selected-by-sbi-bank-for-the-first-crypto-fund-in-japan-049ea9b7 *****Bitcoin Cash ETP in Europe - "ABCH"***** https://read.cash/@Pantera/bitcoin-cash-etp-in-europe-abch-01effa54 **Follow me on:** *●* *****ReadCash***** *●* *****NoiseCash***** *●* *****Medium***** *●* *****Hive***** *●* *****Steemit***** *●******Vocal***** *●* *****Minds***** *●* *****Twitter***** *●* *****LinkedIn***** *●******Reddit***** *●* *****email***** https://read.cash/@Pantera https://noise.cash/u/Pantera99 https://medium.com/@panterabch https://hive.blog/@pantera1 https://steemit.com/@pantera1 https://vocal.media/authors/pantera https://www.minds.com/pantera99/ https://twitter.com/Panterabch https://www.linkedin.com/in/panterabch/ https://www.reddit.com/user/PanteraBCH https://read.cash/@Pantera/localcryptos-p2p-exchange-is-now-offering-bitcoin-cash-trading-06637230#bad-link
*****Don't forget to Subscribe and Like if you enjoyed this article!*****
15 comments
Bitcoin is spread rapidly and it is so good to know that they adopt cryptocurrency. I know my knowledge is not yet enough but I still do my research on it.
Wow its a good news bitcoin will really rule the world soon
This is awesome news for the BCH ecosystem, it should have an effect on awareness creation for BCH. With the crypto listed, a lot of people would certainly prefer BCH due to the transaction fee. It is like paying nothing for the ticket transaction fee unlike some coins you have to pay double the ticket fee just for transaction fee.
Imagine trying to buy a ticket with ETH and have to pay $150 in fees!!
That's ridiculous, that alone could scare people off and make newbies believe that crypto currency would rip them apart finally.
omg... my brain is now seeing someone literally being torn apart by an algorythm.... LOL
Que bueno ya que el bch su fee a la hora de pasar de wallet a wallet es muy bajita. Ojala y lo implementarán también acá en mi Cuba bella. Sería de gran ayuda. Lindo día te deseo. Mi dulse amigo. Te sigo en noise. Cash. Me puedes leer allá. Como yesi8201 te espero
Definitely wil follow! Thanks again for the wonderful comments yesi. Are you sure yesi8201 is the name in noise?
Si amigo ese es mi usuario en noise yesi8201 https://noise.cash/u/yesi8201 Linda tarde. Abrasos
Definitely a step in the right direction, and it will be interesting to see how many people actually pay this way. As for BCH in general, I think it has THE most promise of all of the other crypto's out there. I just think it has all the right stuff. It has a cool and recognizable logo, Bitcoin is widely known even among the non-crypto crowd, and with Bitcoin in the name it is easier to market it. Transaction speeds are very good and transaction fees are very low. It may not be for a long time to come, but I think BCH has quite a lot of appeal for most people. Just my opinion of course.
Just think: what you pay in crypto for convenience sake could be a financial boom for AMC.
What I wonder is when will BCH be used as a payment option inmy country too. For sure, AMC customers would definitely choose BCH among the four. I would definitely not want to pay overwhelming fees outside of the main service charge.
From what I've read Duterte didn't think of Cryptocurrency as valid payment method and want it restricted, but everything can change.
Hopefully. Even the online wallet we have for Crypto here is regulated by BSP. (central bank of the Philippines) .
Seeing BTC cash going global