TAG Heuer, Gucci, And More, Now Accept Bitcoin Cash!
TAG Heuer partnered with BitPay and selected to accept Bitcoin Cash among a few more cryptocurrencies as a payment option. The option is currently available only for US customers.
The Swiss manufacturer of luxury watches and accessories is the newest club member of corporations with a global appeal and brand adopting cryptocurrencies.
We’ve previously observed how Bitcoin Cash is always a choice of top institutions and corporations offering products on a global scale.
Bitcoin Cash Is Constantly A Preference
TAG Heuer announced the partnership with Bitpay on Twitter on May 19th, and the company described the cryptocurrencies it accepts in detail a few days later.
The company adopted five stable coins and six cryptocurrencies, including BitcoinCash (BCH), Bitcoin (BTC), Dogecoin, Ethereum, Litecoin, and Shiba Inu.
TAG Heuer is the new addition to a long list of institutions/ corporations that adopted a small selection of cryptocurrencies and selected Bitcoin Cash.
Gucci Also Accepts Bitcoin Cash
Gucci is another luxury brand that announced (at the beginning of May) a pilot for the adoption of ten cryptocurrencies as a payment method, again including Bitcoin Cash.
The test phase for Gucci will apply in the following shops:
Wooster Street in New York,
Rodeo Drive in Los Angeles,
Miami Design District,
Phipps Plaza in Atlanta and
The Shops at Crystals in Las Vegas
Gucci and TAG Heuer follow the rest corporations and institutions that select to test and adopt the most prominent cryptocurrencies.
In 2021, Bitcoin Cash was selected by some of the top institutions and large corporations either as an investing or an option for payments.
JPMorgan Chase & Co. (USA): (BCH - BTC - ETH - ETC)
SBI Holdings (Japan): (BCH- XRP - BTC - ETH - LTC)
Rakuten (Japan): (BCH - BTC - ETH)
21Shares (EU): (BCH - BTC - ETH)
Interactive Brokers(USA currently): (BCH - BTC - ETH - LTC)
AMC Theaters - Bitpay: (USA)
PayPal (USA & UK currently): (BCH - BTC - ETH - LTC)
Bancolombia (Colombia): (BCH - BTC - ETH - LTC)
US Bank (US): (BCH - BTC - LTC)
Grayscale has also offered a Bitcoin Cash trust (BCHG) since 2018. Bitcoin Cash is often featured in mainstream financial news and is considered one of the "large-cap" cryptocurrencies with high potential.
While institutional adoption is not the scope of the Bitcoin Cash community, it still signifies the brand name awareness level, which should not be disregarded, since Bitcoin Cash is always considered this fragmented in thousands of cryptocurrencies market.
Global Merchant Adoption
Various adoption-related initiatives operate globally and often receive funding through the decentralized crowdfunding platform Flipstarter.
The network of merchant adoption is rapidly increasing:
Bitcoin Cash is P2P money for the entire world to use. A network that scales up and performs transactions instantly, with minimal fees ($0.001 weekly median).
A Bitcoin Cash Conference is coming this November in St Maarten with popular YouTuber Marc Falzon as the host, an event that signifies the strengthening of Bitcoin Cash fundamentals. St. Maarten is an island nation, one of the global hotspots for Bitcoin Cash where anyone can simply live with cryptocurrency instead of fiat (dollar).
Platforms Using Bitcoin Cash As Native Currency
Already many platforms offer tipping and microtransaction services based on the cryptocurrency Bitcoin Cash.
read.cash (funded by Marc De Mesel)
noise.cash (funded by Marc De Mesel)
Social media tipping services:
Crowdfunding services:
Flipstarter has funded more than 100 projects so far, with thousands of BCH distributed for network infrastructure development, services, and the establishment of a strong network of acceptance by merchants.
The smartBCH Sidechain:
SmartBCH sidechain to Bitcoin Cash is operational with DeFi, and tokenization in a similar process to Ethereum since September 2021, offering high throughput that delivers low fees ($0.03) and a low block time (6 seconds).
A hackathon for SmartBCH ("HackSmart") will soon take place to boost awareness of the Bitcoin Cash Ethereum-compatible (EVM) sidechain.
Soon the smartBCH development team will release a decentralized bridge to Ethereum, allowing the transfer of tokenized value between the two networks.
SmartBCH experienced a warm welcome by the Bitcoin Cash community, and already created a fanbase of thousands of users, ready to adopt developments in the fields of DeFi, NFTs, and Web3 Dapps.
Kim Dotcom is Building on Bitcoin Cash!
Perhaps one of the most significant supporters of Bitcoin Cash at this point is Kim Dotcom, an entrepreneur that creates platforms used by hundreds of millions of people on the internet.
Kim is developing some fascinating tools with the potential to drastically disrupt and reshape industries with a new approach to internet marketing. Some of these new developments we expect to be released soon are:
CashRain &
Fileshop
Conclusion
2022 has been brutal to the price of BCH and cryptocurrencies in general.
However, Bitcoin Cash keeps working to achieve a vast network of merchants and businesses accepting it.
Bitcoin Cash is a decentralized, permissionless network offering borderless P2P transactions without the need for a third party.
The crypto "bear market" is a period of reduced developments in the blockchain universe, as money flows in the ecosystem turn negative.
It is also the moment when real projects shine, those that work towards achieving their goals and fulfilling their promises.
Without the noise of the vast networks of marketers and promoters blocking access to projects with fundamentals, investors and users rediscover cryptocurrency.
It is a time of rebuilding and educating newcomers that were so far lured into the field by promises of achieving vast wealth.
The newcomers in the field that remained want to understand this financial technology better and recognize why it deserves our enthusiasm and support.
Cover Photo: by " Adam Rhodes" on Unsplash
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Even in bearish time BCH getting more adoption and merchanting. More high valued international brands comming in club which shows its dignity and strength. Although in terms of price almost whole market at red carpet but BCH engagement in users increasing steadily.