BCH dominates cryptocurrency payments in Australia for 3 consecutive months😍😎

BCH portal Bitcoinbch.com released the monthly cryptocurrency spending report for Australian retail business in November, which has already occupied half of the BCH usage rate and continues to grow, accounting for 93% of total Australian cryptocurrency spending.

In September, BCH accounted for 92.45% of total cryptocurrency spending and 80.3% of total transaction value. However, since the BCH City Conference in September was held in Australia's bitcoin cash city, North Queensland, this data has been questioned. People who come to the conference including tickets, air tickets, accommodation, transportation, catering, entertainment and other activities are using BCH is not normal data for Australia's resident population. A report issued by the website in October confirmed the absolute dominance of BCH in Australian cryptocurrency spending. In October, BCH accounted for 90.74% of total cryptocurrency retail sales and 75% of total transaction records. Although this figure is down from last month, the data shows that the retail sales of most other cryptocurrencies are declining. Not only that, the market share of Travelbybit, the main multi-currency retail system, is also shrinking.

Travelbybit and the BCH-only cash register application HULA developed by Bitcoinbch.com dominate the Australian cryptocurrency retail system market. HULA is a simple, effective and very fast retail system that allows merchants to exchange BCH when customers pay. It is a local legal currency, which helps merchants eliminate the risk of price fluctuations while accepting BCH. Installation only takes a few minutes, which greatly saves labor and material resources for merchants. Data from October and November show that a large part of the amount of cryptocurrency spending comes from people in different industries such as lawyers, accountants, engineers, electricians, construction workers, and some merchants accept BCH payments because some customers will accept BCH because the store With special care, BCH has become one of the indispensable currencies for Australians who use cryptocurrencies. This report also reached a conclusion that when the retail system focuses on a single cryptocurrency, its practical characteristics will be amplified, and the Australian BCH City will also demonstrate the strong payment capabilities and applications of BCH as the network spreads. Scenes.

When a retailer accepts BCH payment, they can mark their store as BCH accepted on the Bitcoin Cash Map (formerly Marco Coino). This app can help users quickly find nearby stores that accept BCH and quickly plan the route to the store.

Australia's Bitcoin Cash economy grew by a staggering 267% in November (accounting for 93% of all cryptocurrency retail spending), compared to an increase of just 0.2% in the Australian fiat currency in October (maybe a similar in November Number), the difference is more than 1000 times. The Bitcoinbch.com report concludes by stressing that “for major compliance innovations and projects, BCH may further penetrate the Australian economy.”

According to Marco Coino statistics, except Australia, Slovenia and Japan also have a large group of retailers that accept BCH payments. Slovenia, with a population of just over 2 million, is the country that receives the most BCH in the world. BCH is the cryptocurrency with the highest usage rate in Slovenia. Lovers can even use BCH to pay for 80% of daily necessities. Japan, which has always been friendly to cryptocurrencies, is a fertile ground for the development of BCH. In Japan, people can use bitcoin.jp to view merchants that accept BCH, restaurants, bars, nightclubs, hairdressing and table spine, and merchants that accept BCH payment almost cover life. Every aspect.

The BCH community has been building and developing tools that allow people to better use BCH. BCH is used in any scenario. Data analysis and practical applications have confirmed that BCH has realized Bitcoin's original commitment as a "point-to-point electronic cash system." Is becoming a fast, reliable, secure and efficient currency.