The world continues to evolve most especially in the field of cryptocurrency. An example of a relatively new coin is what we called Bitcoin Cash.
The day Bitcoin cash forked from Bitcoin was on August 1, 2017. A split in the blockchain is called hard fork and that's what happened to Bitcoin cash since bitcoin cash is a faction of Bitcoin.
What can we do with Bitcoin Cash?
Bitcoin cash has a lot of similarities with bitcoin. It's applications are practically the same. Here are the uses of bitcoin cash:
Send and Receive
This is an important feature of bitcoin cash. You can directly send and receive it (peer to peer). Transaction fees are even minimal in comparison with bitcoin.
Payment Method
Just like any other cryptocurrency, bitcoin cash can be used as a payment method. But using it as a payment method is not yet common. However, there are shops online that accept cryptocurrencies like bitcoin cash as their payment method. One example for this is the bitpay. They specializes in helping businesses accept cryptocurrencies like bitcoin and bitcoin cash payments from their customers. They often use a service which transfers cryptocurrencies to currencies preferred by their merchants.
Investment
Bitcoin cash is a viable opportunity for investment. The price is highly volatile, which means that there are great fluctuations over short periods of time. Investors often see this as money-making opportunity. Make sure to always invest only the amount you can afford to lose.