Start of bitcoin cash in Hongkong

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3 years ago

Last June 2019, Hongkongers protested over a controversial bill that lasted for more than six months. The Hong Kong 2019 extradition bill called  aims to apply a special surrender by a fugitive and give authority to Chinese law enforcement to deport the criminal from Hong Kong to mainland China. The bill caused discord between the Hong Kong citizens and the government that received broad criticism within the country and different cities abroad from different sectors, groups, and businesses.

Multiple protests have been made in Hong Kong and other cities abroad to show their strong contend to the extradition bill. There were hundreds of thousands to more than a million estimated protesters that flooded the streets and marched to call for Carrie Lam, the Chief Executive who proposed the bill to step down. Aside from the request of the protesters to formally withdraw the bill, there were also sets of demands cited by the leaders of the protest that aims for democratic rights and universal suffrage which will give citizens a piece of independence from China.

How did the Bitcoin Cash and Bitcoin mass adoption started?


This chaos turned out to be the gateway to the mass adoption of Bitcoin and BitcoinCash and other cryptocurrencies like Ethereum and Litecoin in Hong Kong.

During the protest, a group called "Genesis Block" has been distributing free bottles of water and umbrellas to the protesters in the streets of Hong Kong. The water bottles have a BCH logo with the label "free water" and next to the logo was a QR code that will direct to the website.  The website explains about BitcoinCash and educates the protesters on how to download a crypto wallet and adopt BCH to spread freedom.

The translated message on the website explained:

"Bitcoin Cash is peer-to-peer (P2P) electronic cash. It is decentralized and has no central authority. The entire system is maintained by volunteers located around the world. There are several benefits of adopting Bitcoin Cash in your business No matter what the amount you spend, the transaction fee is the same (almost zero). Settlement can be completed immediately, so it is impossible to reverse. It provides customers with better payment methods, and your customers will be able to pay safely and confidently. It's easy to accept Bitcoin Cash."

And this message is stated at the bottom of the website.

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Comments

You are researching on bitcoin. That's a great job. Keep your spirit up.

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3 years ago

Thanks for appriciate

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3 years ago

Welcome...

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