Cryptoccurrencies are actually in a raging race, with the Bitcoin on the lead. Many of its competitors try to make use of their creativity to narrow the gap, and one of them, Bitcoin Cash, decided to become directly convertible to cash, and the related credit card is said to be soon available.
The news made viral on Twitter by Roger Ver
Also called the “Bitcoin Jesus”, Roger Ver is renowned as one of the first people who backed the Bictoin, even when it was not popular. Since the launching of Bitcoin Cash, he didn’t hide his interest for this currency either, and claimed that it was the ultimate version of the actual Bitcoin. He was the first to publicly announce on social media that credit cards for the Bitcoin Cash are on their way. The information has neither been backed nor refuted by the Bitcoin Team, but everyone in the cryptocurrency has accepted his words as gospel.
Roger Ver mentioned several times before how he’d wish the Bitcoin were easily accessible anywhere in the world, especially in poor countries, in which the access to internet is quite limited. So far, the possibility of a direct conversion isn’t available for the Bitcoin, which can only be exchanged against dollars on specific markets. He also mentioned key differences between Bitcoin and Bitcoin Cash, and the size of the blocks.
Bitcoin Cash’s blocks are far bigger than Bitcoin’s, and he says it contributes to make the transactions go faster. We must mention that actually, Bitcoin transactions are very slow due to an excessive amount of request, and it can take up to one week or even longer for a transaction to be confirmed in the blockchain. Faster transactions would be definitely an asset for the Bitcoin Cash, although its value is still at 10% of the Bitcoin, well at least at the time being.
Use Bitcoin cash in your daily life with a credit card
A credit card for the Bitcoin Cash would be a game changer, since it would allow a more practical use of the cryptocurrency in daily life. It would be easier to make purchases, or to get cash whenever you need, without having to wait for someone online to buy your bitcoins. When it will be confirmed, the impact on the value of the Bitcoin Cash unit will be tremendous, and will for sure help it to get closer to the Bitcoin.
Just the mention of its possibility is already enough to make the market lose it. Cryptocurrencies are actually the trend in terms of financial products, and whenever there’s any mention of any non-negative news about them on the internet, their price will go upward at a very fast rate. We could have noticed it for the Bitcoin, which value doubled within a month, mostly thanks to the introduction to its futures in the market.
The cryptocurrencies were first intended to be used as real money, but they’re actually used mainly for trading and investing. Very volatile currencies like Bitcoin are unusable in our daily life for now, since its value is prone to drastically change in a short amount of time. However, it wouldn’t be an issue with a relatively steady money like Bitcoin Cash.