JAPAN, TOKYO, October 21, 2019 — Bitcoin.com has announced the acquisition of blockchain startup O3 Labs, the Tokyo-based software company that specializes in developing gateways to the digital economy. The deal will see O3 absorbed into Bitcoin.com, forming a single team dedicated to creating tools for realizing the full potential of the Bitcoin Cash network. The two companies intend to work together to build the next generation of mobile financial services, which will bear the Bitcoin.com name.
The strategic acquisition of O3’s blockchain and app development talent will allow Bitcoin.com to create intuitive and easy-to-understand user experiences that tie together Bitcoin.com, partners, and community financial service offerings across web, mobile, smart devices, and beyond.
Stefan Rust, CEO of Bitcoin.com said: “With the O3 team joining Bitcoin.com, we look forward to accelerating services in our mobile applications serving anyone in the world with an internet connection, regardless of nationality, socioeconomic status, or access to traditional finance.
“This will give users the ability to manage, grow, and spend while doing business with whomever they want, whenever they want, without the need for traditional banks or financial intermediaries.Our mission is to make money work for everyone, building tools and products that help people access Bitcoin Cash, a global financial system that’s fast, affordable, and available to everyone.
“Bitcoin Cash provides open, borderless, permissionless, censorship-resistant, private transactions. These core principles are at the heart of every service and product we offer at Bitcoin.com. We have known its importance for a long time and now the entire crypto industry is beginning to see this as well. We welcome the O3 Labs team with open arms to join us on this incredible adventure.”
Bitcoin.com has been rapidly expanding its suite of services, most recently launching an anonymous peer-to-peer BCH trading platform and a cryptocurrency exchange to complement its existing Bitcoin Cash focused products. The company’s portfolio of services has expanded further under Stefan Rust, who assumed the role of CEO in August 2019, with Roger Ver assuming the new role of Executive Chairman. In September, the Bitcoin.com Wallet, which has accrued over 4.7 million wallets created, was integrated into the HTC Exodus 1 blockchain smartphone.
Bitcoin.com operates a major Tokyo office and maintains close ties with Japan’s crypto community. The O3 Labs team, founded by Apisit Toompakadee and Andrei Terentiev, is best known for developing user-friendly gateways for accessing leading blockchain networks.
Tools developed by O3 Labs include desktop and mobile wallets which enable users to purchase cryptocurrencies directly and an application platform for privately connecting to decentralized apps.
At Bitcoin.com, we’re primed to change the world with Bitcoin Cash (BCH). From our fast, free wallet app which lets you manage both BCH and BTC with ease, to our global mining solutions, coverage of crypto industry news, and various other crypto-focused products, we’re committed to making BCH available to people of all ages, genders, nationalities, and financial backgrounds. For more information, visit www.bitcoin.com.
On October 16, the Ethereum Name Service (ENS) announced multi-currency support and integration with 15 platforms and wallets. The fusion will provide users with the ability to use a single ENS name across a wide spectrum of crypto applications alongside leveraging a variety of digital assets.
15 Wallets and Platforms Pledge to Support the Ethereum Name Service
Anyone who has used a cryptocurrency like bitcoin cash (BCH) or ethereum (ETH) knows that long alphanumeric addresses can be awkward, especially to newcomers. The Ethereum Name Service attempts to solve this issue by providing a decentralized method of using simple, human-readable names. So users who use ENS don’t have to rely on long addresses and anyone can use names like “alice.mywallet.eth.” In order to send ‘Alice’ funds, you simply use the ENS name with a compatible wallet.
ENS is already supported by well known platforms such as Opera Touch, Pandax, Cipher, Myetherwallet, Metamask, and Argent. On Wednesday, ENS detailed that 15 more wallets and applications will be supporting the ENS infrastructure. With a total of 24 platforms, multi-coin support will be available as well for a large number of digital assets. ENS representative Brantly Millegan said that the first version of multi-currency support will integrate with ETC, ETH, BTC, and LTC. However, the manager UI will be expanded for other assets like bitcoin cash (BCH).
The 15 new additions implementing ENS support include the Bitcoin.com Wallet, Atomic Wallet, Coinbase Wallet, Opera, Imtoken, Dcent, Trustwallet, Portis, Haven, Squarelink, and Coin Request. Apart from the new client support, ENS is going beyond .ETH namespace names Millegan noted. “We still plan on expanding the namespace available for use on ENS by integrating the DNS namespace. For example, the Ethereum Foundation owns the DNS name “ethereum.org”; with our system, they could also have an ENS record for “ethereum.org” (notethereum.eth, which is a separate name). In this way, the Ethereum Foundation could use “ethereum.org” both for their normal website (using DNS) and for receiving cryptocurrency payments (using ENS).” Millegan added:
This already works for .XYZ names, as well as in a special way for names on .LUXE, .KRED, and .ART. And soon we will be rolling out this functionality to all DNSSEC-enabled DNS TLDs, which includes all the major ones.
Infrastructure and Governance for the Distributed Web
With multi-coin progression and the integration with major DNS namespace names, the ENS team believes the project is key in creating a powerful decentralized web. Millegan stressed that ENS and IPFS are accessible in Opera and the Metamask extension. He further highlighted that Ethdns with .LINK can be an answer to the Tor .onion address naming problem. “Support for voluntary personal Whois data has a project underway for serving traditional DNS records,” Millegan said.
The nonprofit hopes the project will bolster a censorship-resistant system for the internet’s name system. Further multiple wallets pledging to support ENS will help spread human-readable addresses as well. The team behind ENS thinks that with all the prior crypto-namespace attempts in the past with projects like Namecoin, “ENS operates in a distributed fashion for both its infrastructure and governance.” Other wallets and platform developers can integrate ENS support as resources are available like the EIP for ENS multi-coin support and the Github repository. Check out the Devcon5 video demo below showing off multi-coin support for ENS at the event in Osaka, Japan.
What do you think about ENS being supported by 15 more wallets including Bitcoin.com, Coinbase, and the decentralized marketplace Haven? Let us know what you think about this subject in the comments section below.
Image credits: Shutterstock, Ethereum Name Service, Bitcoin.com Wallet, and Pixabay.
Today Bitcoin Cash (BCH) fans from all around the world will be celebrating the 2-year anniversary of the BCH network. The day is a great occasion to commemorate the dedicated BCH software engineers and the passionate community, alongside the number of achievements accomplished since August 1, 2017.
Fervent supporters of the Bitcoin Cash blockchain will be gathering together today to celebrate August 1, 2017, the day the BTC chain split into two. The reason BCH exists is due to the fact that a large group of bitcoiners, crypto company executives, early adopters, and developers believed the Bitcoin Core (BTC) development team strangled scaling. The arguments began years ago when the chain’s block size started to fill up and more users utilized on-chain settlement. Core developers decided to remain stubborn and keep the block size at 1MB and in 2017, the debate escalated when tens of thousands of transactions were congested in the network backlog and transaction fees grew astronomical. Before the implementation of Segregated Witness on the BTC network, pools of SHA-256 miners hard forked at 2:14 p.m. EST on August 1, 2017.
The Bitcoin Cash (BCH) fork was initiated when the mining pool Viabtc mined the first Bitcoin Cash block (478559). The first Bitcoin Cash block was 1915175 Bytes or 1.9 MB in size, holding 6,985 transactions. That Tuesday, the BCH hashrate started out at around 247 petahash per second (PH/s) or 4% of the BTC network’s hashrate. On August 2, BCH captured the third highest valued market valuation, beating out Litecoin in capitalization. Over the course of the first few days, BCH miners processed six ‘big blocks’ (over 1MB) between August 1-4 and two of them were over 4MB. On August 16 at approximately 8 a.m. EST, an 8MB block was mined on the BCH chain at block height 479469, which processed more than 37,000 transactions. Two days later on Friday, August 18, Bitcoin Cash mining was 21 percent more profitable than mining bitcoin core (BTC). After that specific weekend, BCH hashpower was 20% of the BTC chain’s hashrate on August 21, with 2 exahash per second (EH/s) mining the chain. Since then there’s been a total of 25 major Bitcoin Cash development proposals completed or pending activation on the main chain.
Big Blocks and Over 2 Million Transactions in One Day
All of the completed developments over the last two years can be seen at the data analytics site Coin Dance alongside BCH protocols under development and under discussion. Bitcoin Cash developers have delivered a lot of code in two years, and many achievements are very unique to the BCH chain. For instance, when the network started, the BCH chain had an 8MB block size limit which was tested on various occasions. After May 2018, the chain bumped the block size limit up to 32MB and even bigger blocks were tested after the feature was added.
In September, BCH miners processed blocks between 15-23MB in size on the main chain. During the ‘stress-tests’ in September, data had shown that the BCH chain handled more than 2.4 million transactions in a 24-hour period. On November 10, 2018, a few 32MB blocks were mined by the mining operation BMG Pool. Every big block processed on the BCH chain had cleared the mempool (backlog of transactions broadcast to nodes) in one fell swoop. A number of big block tests and further experiments from developers had proved that Bitcoin Cash can scale.
Delivered Code and Protocol Development
Additionally, software developers have added a great number of technical features that have invigorated innovation. Engineers have re-enabled the old Satoshi opcodes, increased the data-carrier-size from 80 bytes to 220, and implemented the Script operation OP_Checkdatasig. These features allow for an inexpensive way to embed arbitrary data into the main chain, give support to smart contract concepts, oracle creation, decision-based transactions, and more decentralized creations. Bitcoin Cash programmers worked together to design Cashshuffle, and the first privacy-centric solution for BCH was born. Cashshuffle has seen millions of dollars worth of BCH shuffled since the project launched on the Electron Cash light wallet. In time, other BCH clients like Bitcoin.com’s Wallet will be integrating the Cashshuffle code, allowing for larger liquidity when it comes to mixing bitcoin cash.
BCH developers have also implemented the basic operations for Schnorr signatures on the main chain. The Schnorr concept was designed by Claus Schnorr and BCH developers added the signature technique to the chain at block height 582680. In the future, Schnorr could enhance scaling and privacy a great deal with further upgrades. For now, Schnorr transactions can still create unique transactions and remove roughly 4% of the current transaction storage. Developers are in the midst of reviewing code that could enable Schnorr signatures with the opcode OP_Checkmultisig. This new feature, which could be added this November, will enhance batch verification and could bolster new Schnorr concepts.
The BCH network also has a very mature token ecosystem thanks to the Simple Ledger Protocol (SLP). The SLP system is a robust token creation platform that allows anyone to issue, store, send and receive SLP-based tokens powered by the BCH chain. Since the protocol launch last year there are thousands of SLP tokens and a slew of them have gained value and utility.
SLP tokens are listed on exchanges like Coinsuper, Coinex, Sideshift.ai, and Altilly, and are traded against other digital assets like USDT, BTC, BCH and fiat currencies as well. There’s now a stablecoin built using the SLP system called Honestcoin (USDH) and tokens issued by governments, like in Dublin, Ohio, and the micronation Liberland. Soon when developers launch a user interface for NFT1 type SLP tokens, BCH users can create non-fungible assets like collectibles and extensible gaming items.
Overwhelming Third-Party Support, Retail Adoption, and Applications
Over the last two years, the Bitcoin Cash network has gathered massive third party infrastructure support that has eclipsed every other BTC fork in existence. Today, out of 2,000+ cryptocurrencies BCH holds the 5th largest market valuation and is supported by nearly every major exchange. This includes support from trading platforms like Coinbase, Kraken, Gemini, Bitstamp, Shapeshift, Huobi, Uphold, Bithumb, Bitflyer, Binance, Etoro, Coinex, Coinone, and Liquid. BCH can be purchased and sold in a peer-to-peer fashion using the local Bitcoin Cash marketplace, Local.Bitcoin.com.
Anyone from anywhere around the world can trade BCH in a safe and noncustodial environment, using the over-the-counter market. Bitcoin Cash is supported by popular wallets like Badger, Electron Cash, Crescent Cash, Bitcoin.com Wallet, Blockchain, Yenom, BRD, Edge, Jaxx, Coinbase Wallet, Bitpay, Copay, and Ifwallet. BCH has derivatives markets and the first BCH-based exchange-traded product (ETP) was launched on the leading Swiss stock exchange Six, on July 5.
There are a ton of BCH services and organizations now like the charity Eatbch, the merchant acceptance directory apps Marco Coino, Acceptbitcoin.cash, Bitpay, and Greenpages.cash. Also the Bitcoin Cash Foundation, a tipping application called Tipprbot, the SMS-service Cointext, and social media apps like Memo.cash and Honest.cash. There are other applications released this year like Memopay, Bchgallery, Fountainhead Cash, Lazyfox, Nakamoto Game, Cinema.cash, and Neutrino. Merchant platforms are available for Bitcoin Cash-accepting retailers like Bitcoin.com’s Bitcoin Cash Register, Bitpay, Anypay, Bchpls.io, and Coinbase Merchant. Moreover, Bitcoin.com launched a whole suite of BCH development services like REST APIs, Bitbox, Cashscript, Badger, and SLP software developer kits (SDK). Over the last few weeks, BCH community members have raised thousands of dollars worth of BCH for protocol development.
In order to reflect upon all of the milestones accomplished over the last two years, BCH supporters are celebrating August 1 at BCH meetups all around the world. There are two-year anniversary parties taking place in Tokyo, San Antonio, Edinburgh, China, London, Houston, Thailand, Germany, Bangkok, and other cities around the globe that host BCH meetups on a regular basis. A decent list of BCH anniversary parties can be found here and here and some festivities will be going all out, with special guests and musical acts. For instance, one of the world’s largest BCH meetups in Tokyo will gather at V2 Tokyo (Roppongi) from 7:00 p.m. – 10:30 p.m. to celebrate on August 1. There’s going to be special performances and a presentation on the Avalanche protocol. Appearances will be made by well known crypto influencers like BRD CEO Adam Traidman, Edge Wallet CEO Paul Puey, and Bitcoin.com’s Roger Ver.
Thursday marks an opportunity for BCH supporters to celebrate the 2-year anniversary of the first BCH block and all the work completed so far. Passionate BCH supporters and software engineers behind the chain see these achievements as proof the cryptocurrency is a strong competitor. The parties worldwide commemorate the peer-to-peer electronic cash system’s adoption rate, network effect, vibrant supporters and continued development to the protocol’s foundations. If you are still out and about today and there are BCH anniversaries in your local area, swing on by to learn or discuss the technological revolution that’s taking place worldwide.
What do you think about the 2-year anniversary of the Bitcoin Cash network? Will you be celebrating at a meetup in your local area? Let us know in the comments section below.
Image credits: Shutterstock, Marco Coino, Jamie Redman, Local.Bitcoin.com, Simpleledger.cash, Cashshuffle, and Pixabay.
CALABASAS, CA (July 31, 2019) – Online travel agency CheapAir.com and Bitcoin.com today announced a partnership to serve crypto travelers. Beginning today, more than 4 million Bitcoin.com Wallet users will be able to access CheapAir.com’s booking engine from their mobile app. The partnership will help crypto travelers find the best deals on flights and hotels around the world.
In 2013, CheapAir.com became the first U.S.-based online travel agency to accept Bitcoin payments for flights and hotels. CheapAir.com now accepts payment in Bitcoin Cash (BCH), Ethereum, Litecoin, and Dash. We’ve worked to build a loyal following of crypto users over the years, and build a strong technical platform to support them.
“At CheapAir.com we’re big fans of Bitcoin and we believe people deserve the freedom to use whatever payment methods that fit their lifestyle and values,” said Jeff Klee, CEO of CheapAir.com. “We wanted to partner with Bitcoin.com because of the great work they have done within the Bitcoin community, promoting crypto acceptance around the world. We value our crypto customers and support their efforts to build a more diverse and evolved financial system.”
“Bitcoin.com is really excited to spread real world BCH adoption with CheapAir. Paying for flights and hotels with Bitcoin Cash has never been easier,” said Stefan Rust, CEO of Bitcoin.com.
Travelers who book at CheapAir.com with a cryptocurrency are covered by Price Drop Payback™, which offers up to $100 USD in travel credit if airfares go down after purchase.
CheapAir.com also offers a ton of data and analytics to help travelers get the best airfares. Travelers can use the When to Buy Flights widget to find pricing patterns for an itinerary or check out the newest airfare study to learn about the macrotrends.
Bitcoin.com is supercharged to change the world with Bitcoin Cash (BCH). Our suite of developer tools has been downloaded 36,000+ times from over 100 countries. Our team is the heart and soul of the Bitcoin Cash industry. We’re committed to making BCH available to all people, whatever their age, gender, nationality or financial status.
Headquartered in Calabasas, CA, CheapAir’s team of 125 travel enthusiasts use cutting edge technology, a boatload of airfare data, and superior customer service to make it easier to buy affordable airline tickets. We’ve built a proprietary shopping engine that scours the web for the lowest prices in a simple, easy to navigate display. We’ll also tell you which flights have amenities and extra fees, so you can make sure you are comparing apples to apples. For expert travel advice, deals and inspiration connect with us on Facebook and Twitter.
BCH merchant acceptance has continued to grow month after month but there are a few regions in the world where bitcoin cash retail acceptance is thriving. Over the last few weeks, North Queensland and Japan have shown significant growth and continue to dominate as some of the densest territories of BCH merchant adoption worldwide.
Bitcoin Cash Is Spreading Throughout Japan and North Queensland
Both North Queensland and Japan are areas which have continued to see bitcoin cash (BCH) merchant adoption spread widely. The two regions are among the highest concentrations of BCH merchant acceptance in the world beside Slovenia (343 BCH merchants). Right now you can search these bitcoin cash hotspots using the application Marco Coino to find a specific type of merchant who accepts BCH for goods and services. More recently these areas have seen new developments, increased BCH merchant adoption, and local supporters spreading more ideas with the purpose of bolstering the BCH network effect.
The island country of Japan has seen a vast amount of merchant adoption throughout the region. So far, Japan has a total of 87 bitcoin cash accepting retailers strewn across the city of Tokyo and in other towns as well. Things really started heating up for cryptocurrencies in Japan when the country’s leaders revised the Payment Services Act, which officially legalized the use of digital currencies as a means of payment in April 2017. Right now, Japan is the third densest region of bitcoin cash accepting merchants.
For people traveling to Japan or those that live there, they can visit the website Bitcoin.jp to see a description of the many BCH retailers in the region. There are eating establishments and bars like Two Dogs Taproom, Pink Cow Akasaka, Daikanyama O’KOK, and Downtown B’s. Japan has BCH-accepting nightclubs like the Mezzo, V2, Ele, and Villa. You can buy luxury watches from one of many Yukizaki stores or get your hair done at the hair salon F.line. There’s also chiropractic services, co-working space, clinical therapy, legal services, and more. The website lists each BCH-accepting retailer via a variety of descriptors which detail what kind of goods and services the business offers.
The Bitcoin.jp website also has various links to educational resources about BCH so new visitors can learn about the protocol and how it works. It also shows visitors bitcoin cash compatible wallets like the Bitcoin.com Wallet, BRD, Edge, and Ginco. In addition to physical merchants accepting BCH, the website details a slew of online merchants and application services that can be used with BCH as well. The website is an insightful portal that promotes the educational aspects, spreading use cases, and most importantly retail adoption at the forefront of the movement.
The reason there are so many BCH merchants is due to the group of crypto supporters who reside in Japan and are prominent members of the Tokyo BCH meetup. There are approximately 1,430 members with many active participants meeting up regularly at some of the clubs or eateries mentioned above. On Thursday, August 1 the group’s members plan to celebrate the 2nd Year Bitcoin Cash Independence Day anniversary and there are already 128 attendees.
“This day represents a group of enthusiasts coming together to protect the original goals of what Bitcoin was created for,” explains the Tokyo BCH Meetup co-organizer Akane Yokoo. The celebration will be hosted at V2 Tokyo (Roppongi) from 7:00 p.m. – 10:30 p.m. and will feature a special presentation on the Avalanche protocol. Special guests will be speaking including Bitcoin.com’s Roger Ver, BRD CEO Adam Traidman, and Edge Wallet CEO Paul Puey.
North Queensland, Australia
At the moment the northern part of the Australian state of Queensland has approximately 132 bitcoin cash accepting retailers. A large portion of merchants according to Marco Coino data reside in Townsville, the biggest urban center in North Queensland (NQ). On June 17, news.Bitcoin.com spoke with Coinspice Chief Media Correspondent Hayden Otto about the massive amounts of adoption in NQ.
Otto said adoption started years ago and many of the people accepting BTC switched after the fork because “they were immune to Blockstream/Core narratives.” On Monday, Otto revealed he is giving away 100 BCH point-of-sale (PoS) devices to merchants who plan to accept the cryptocurrency prior to the Bitcoin Cash City conference. The 100 Lenovo E8 Android tablets will be given to retailers who decide to accept bitcoin cash and Otto thinks it’s a good idea to give merchants everything they need to get started. Merchants can use Android applications like Bitcoin.com’s free point-of-sale solution Bitcoin Cash Register to get started in no time.
“All of this was donated by the local merchant community of businesses who already accept bitcoin cash. These guys have seen an increase in sales in their businesses when they started accepting bitcoin cash. Now they are fully getting behind this effort to expand adoption in our region here before the conference,” Otto detailed in a recently uploaded video by the Coinspice.io news outlet.
The BCH-centric two day event coming to North Queensland, dubbed the Bitcoin Cash City conference, aims to unite the community in one of the most densely populated regions of BCH-accepting merchants. Prominent BCH community members, developers and executives like Tony Hockings, Akane Yokoo, Chris Pacia, Josh Ellithorpe, Vin Armani, Amaury Séchet, and Gabriel Cardona will be speaking.
As Otto and many of the other NQ-based BCH supporters have been relentlessly pushing adoption, Otto has been catching flak from maximalists and skeptics who are salty about a few restaurants near the Travelbybit company office, that went all-in on BCH and dropped BTC. On Twitter and Reddit a bunch of critics called Otto’s videos staged, so Reddit user u/fatalglory decided to verify Otto’s claims. Making a short film about the subject u/fatalglory detailed that Otto’s videos of merchants going all-in on bitcoin cash were indeed authentic.
“A while back, I posted here saying that I was going to verify Hayden’s claims about businesses in Fortitude Valley (a suburb in Brisbane, Australia) adopting BCH for payments,” explained the Reddit user on Monday. “Well, I did it — Turns out, Hayden is totally on the level — I bought a hotdog at 5 dogs, and some fried chicken at Balti Indian.” He added:
Bitcoin cash, the bitcoin that you can actually use!
Overall there’s been a lot of merchant acceptance in Japan and North Queensland, and the supporters who live in these areas aim to push the envelope further. At the 2nd Year Bitcoin Cash Independence Day anniversary in Tokyo and the Bitcoin Cash City conference participants will surely be celebrating the vast amounts of adoption. Stay tuned for our next BCH adoption analysis when we cover Slovenia and how the mountainous region has more than 300 BCH-accepting retailers in the country.
What do you think about the adoption happening in North Queensland and Japan? Let us know in the comments section below.
Image credits: Shutterstock, Twitter, Reddit, Marco Coino and Bitcoin.jp.
Bitcoin cash merchant acceptance has grown significantly over the last year according to the BCH merchant directory Marco Coino. One specific region, North Queensland, Australia has an extremely dense population of bitcoin cash accepting retailers. This week, News.Bitcoin.com spoke with Coinspice Chief Media Correspondent Hayden Otto about the influx of adoption in North Queensland and how it’s become a hub for bitcoin cash supporters.
Digital currency acceptance is a big deal to bitcoin cash proponents and many supporters work tirelessly every day to get online merchants and brick-and-mortar retailers to accept BCH for goods and services. Right now, according to Marco Coino data, there are three specific regions which have a great number of BCH accepting merchants compared to the rest of the world — Slovenia, Japan, and North Queensland, Australia.
Hayden Otto, Chief Media Correspondent for the publication Coinspice, chatted with News.Bitcoin.com this week about the vast amount of BCH support in the northern part of the massive Australian state. Otto can be seen in a number of videos giving people lessons on how to use BCH, promoting bitcoin cash to retailers, teaching people how to use Local.Bitcoin.com, and regularly discussing important BCH topics on social media. The young entrepreneur explained to our newsdesk why North Queensland (NQ) residents prefer the “cash version” of Bitcoin and how other cities and towns worldwide can emulate NQ’s virality for bolstering crypto payments that work.
News.Bitcoin.com (BC): So when did North Queensland (NQ) really start taking off as far as BCH adoption is concerned?
Hayden Otto: There was BTC adoption from 2011 or so that naturally switched to BCH at the fork. Pretty much all BTC held in the region was dumped for BCH in the weeks immediately following the fork. NQ has always been pro the cash version of Bitcoin with good local networks that were immune to Blockstream/Core narratives. I think that long history has meant that BCH adoption hasn’t been an overnight thing, however, something did change in late 2018 where I suspect a critical mass was gained.
BC: Why do you think BCH is so prevalent in North Queensland?
Hayden Otto: Early on, the merchants decided to adopt BCH exclusively. Supporting a single cryptocurrency allows a merchant to adapt quickly with minimal training but the big plus turned out to be that such installations allowed the extraordinary properties of Bitcoin BCH to shine.
Particularly BCH’s speed advantage which has a huge influence on the user payment experience. Merchants supporting Bitcoin BCH were viewed as trendy and modern by customers and the merchants really responded to that energy and engaged the community.
BC: There’s a video of you using Bitcoin.com’s BCH Register app at the Grand Central Cafe (GCC). Can you tell us how the Grand Central Cafe got introduced to the app?
Hayden Otto: GCC does a lot of BCH business and was originally onboarded with the Bitcoin.com Wallet. When the BCH Register App became available, the local BCH merchant group chose them to trial it.
BC: Can you tell our readers about the North Queensland BCH meetup?
Hayden Otto: They always get a good turnout for their meetups and typically it is a combination of merchants, users, and business leaders. There are many smaller meetups that typically occur on a weekly basis and on a less frequent basis they hold a large meetup and organise a speaker to video call in. At their last major meetup, Gabriel Cardona and Corbin Fraser were speakers while Amaury Séchet and Andy Murphy were organized for the one before. With these large meetups, attendees are always sporting custom T-shirts, BCH gadgets, badges or just wearing lots of green.
BC: You’ve filmed a lot of videos onboarding BCH merchants. Can you tell us what drives you to do this?
Hayden Otto: I think emergent_reasons said it best: “We have the morally pleasant benefit of not needing to lie to do great marketing.” I’ll onboard until Bitcoin BCH becomes the first global currency.
BC: Who owns the BCH mobile with the green Bitcoin Cash symbol that’s posted in a lot of NQ pictures shared on Twitter and Reddit regularly?
Hayden Otto: The BCH car(s) belongs to a local Bitcoin BCH enthusiast who created them from donations and input from local suppliers and made them available to the local BCH community for events or visiting VIPs.
BC: There’s a BCH-only automated teller machine (ATM) in North Queensland correct? Can you tell us about the machine?
Hayden Otto: There are actually many Bitcoin BCH-only ATMs in North Queensland. With recent changes to AML/CTF laws, they have been temporarily withdrawn from service while they are modified for compliance. I have tested the prototypes, they’re great. Watch this space.
BC: What’s your opinion on the current state of BCH adoption right now?
Hayden Otto: Bullish. There are many Bitcoin BCH startups in North Queensland, several with million dollar plus seed capital.
These companies are still mostly in stealth mode but products are beginning to reach test stage. There is a lot of Bitcoin BCH momentum in North Queensland that has yet to be reported on.
BC: How can other towns and cities emulate what’s happening in North Queensland with BCH adoption?
Hayden Otto: There are some simple rules:
Merchants need nothing more than a Bitcoin.com Wallet to get started.
If anybody in your user group wants to purchase some BCH, consider underwriting a merchant instead. Purchasing coins from a merchant is cheaper than getting them from an exchange and the coins stay in the community.
Spend and replace – this costs you nothing but it provides great examples to others. Merchants will start encouraging users with specials and so on.
What do you think about all the merchant adoption in North Queensland, Australia? Let us know what you think about this subject in the comments section below.
Image credits: Shutterstock, Twitter, Hayden Otto, Reddit, Marco Coino, and Pixabay.
You may have noticed that Bitcoin.com is looking a little different. We’re excited to unveil our new look after six months of hard work. Our domain has a long history, and as a company we’ve grown a great deal. After consideration of the crypto future ahead of us all, we decided to reshape Bitcoin.com’s design to present a greater image of things to come.
Operating the domain Bitcoin.com has been a wonderful experience and we’re pleased to give our visitors the very best services when it comes to the growing crypto industry. Bitcoin.com is a very unique website and most people don’t know but the domain was registered in January 2008, a whole year before Satoshi unleashed his invention on the world.
Since then, Bitcoin’s first angel investor, Roger Ver, took over the website in 2014 after it passed through many hands. Ver began to mold the web portal into a site that offers educational resources, news, and unique tools that help people use bitcoin. When we first created the Bitcoin.com brand, our website was much simpler. Over time, however, we added a plethora of tools, services, and resources that provide our visitors with everything they need to jump into the crypto ecosystem. In order to match the consistency of the powerful resources Bitcoin.com offers, we refined our design with a new logo, colors, and themes.
You will probably notice our logo is missing the Bitcoin symbol. When redesigning the website, we decided it was best to distinguish Bitcoin.com from the various Bitcoin cryptocurrency networks out there today. The intention of the new logo is to prevent users from any potential confusion from the domain name mixed with the old logo. Moreover, after five years and the craziness of 2017, we felt it was time to update our appearance and express ourselves as a company that fosters innovation. You will notice that the new color scheme is more contemporary and reflective of the evolving industry we’re in. Every section of the website has been revamped to highlight our services such as the Bitcoin.com Wallet, Local.Bitcoin.com, cloud mining, Markets.Bitcoin.com, daily news, Buy.Bitcoin.com, bitcoin cash games, BCH developer SDKs, and our block explorer.
With our growing number of bitcoin cash resources, tools, and services it made sense for our branding to change too. During the design launch, Bitcoin.com CEO Roger Ver stated:
The rebrand is a bold new chapter for Bitcoin.com. It’s an invitation to everyone out there: let our products show you how economic freedom can empower you.
Improving the Overall Visual Experience of Bitcoin.com
For months we’ve tirelessly worked on our brand and website design in order to present a cohesive visual interpretation of our company and its crypto evolution. Today, we’re thrilled to unveil our new brand and show off all the hard work we’ve put into every facet of the web portal. When you visit our landing page you will see the fresh new look accompanied with great resources on getting started with bitcoin basics.
“Bitcoin is designed to be usable and accessible for all — Our new color palette, in addition to our products and tools, reflects that principle,” Bitcoin.com Head of Design Andrew Todd remarked during the launch. “Reimagining our brand, we took a step back and identified our values. With universal accessibility being our most important value, we set out to create a color palette that would not only resonate with people and help create a lasting identity, but would work seamlessly across devices, in different environments, and for people with visual impairments.” Todd continued:
Our new logo also exemplifies accessibility. It consists of a bold and legible ‘Bitcoin.com’ logotype paired with a clean grid of blocks, which is representative of the intended scalable nature of Bitcoin blocks themselves. Color-wise, we have the brightest green moving in an upward-right trajectory, showing constant growth — This is finished by tight kerning of the Bitcoin.com lettering, reinforcing the solidity of our brand.
It was important for us to update our brand to make it easier for you, the visitor, and we think the new design improves the overall experience and usability of the site. While the aesthetics of the brand were a large factor, we are still molding Bitcoin.com to be the perfect place to gain information and resources on all things Bitcoin-related. We plan to continue to adding to the features of our web portal and we think the new style fits perfectly with the bright future ahead. So if you are just noticing the new changes, take a look around and explore Bitcoin.com in a whole new light.
What do you think about Bitcoin.com’s revamped brand and image? Let us know what you think about this subject in the comments section below.
Converting funds from one cryptocurrency to another using an exchange can be costly and time consuming, especially if you don’t already have a verified account at one. Luckily there are much faster and convenient ways, such as switching from BTC to BCH right inside the Bitcoin.com Wallet app.
Using the Bitcoin.com Wallet to Exchange BTC to BCH
The Bitcoin.com Wallet includes a built-in feature for converting funds from bitcoin core (BTC) to bitcoin cash (BCH) or vice versa. In order to access the service, just click on the tab labeled “Exchange between BTC and BCH” on the app’s homepage and a new interface will open up inside the wallet. Then just press “Start Sideshift AI” and pick the specific wallet you want to send funds from and the amount you want to exchange. After you approve the trade and fees, the new coins should appear in a few minutes in the appropriate wallet.
This service is powered by Sideshift.ai, an application for swapping cryptocurrencies that came to prominence after Shapeshift introduced a mandatory membership program. The Sideshift platform is not accessible to residents of North Korea, the United States, Iran, Venezuela, Belarus, Burundi, Central African Republic, Cuba, Congo, Iraq, Libya, Nicaragua, Somalia, Syria, Yemen, Zimbabwe, Lebanon, South Sudan and Sudan. The platform detects users’ country of residence by their IP address so if you were blocked by mistake you might need to adjust your VPN settings.
What services do you use to switch between different cryptocurrencies? Share your experience in the comments section below.
Images courtesy of Shutterstock.
Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.
The partnership will see Travala.com integrated in the official Bitcoin.com wallet with almost 4 million users
London, United Kingdom –– May 15, 2019 — Travala.com, – leading blockchain travel booking platform, has announced a partnership with Bitcoin.com to empower millions of travelers to save on hotel stays. Travala.com is transforming the travel industry, by offering an average of 15% savings on hotel bookings as well as the option to pay with several leading cryptocurrencies, including Bitcoin and Bitcoin Cash. This partnership will empower millions of users to participate in a cheaper, fairer, and more inclusive travel economy.
Commenting on the partnership, Matthew Luczynski, CEO, and Founder of Travala.com said, “A reflection of our unwavering commitment towards cryptocurrency adoption, we’re excited to partner with an industry titan to champion the growth of the crypto community. With over 80% of the bookings on our platform made chiefly in digital currencies, the partnership will allow us to leverage Bitcoin Cash’s global network for greater real-world usability. We are excited to work closer with Roger and the Bitcoin.com team.”
“Importantly, this is also a powerful demonstration of the synergies between both the travel industry and disruptive technologies, as we strive to significantly lower the barriers of entry. The past year has seen our team achieve a number of milestones, from having recently exceeded our equity crowdfunding target, to the steady growth of our ecosystem, we look forward to seeing even greater progress as we build a transformative future for the online travel industry,” added Luczynski.
With a reach of over 210 countries and territories Travala.com’s portfolio of over 82,000 destinations serves as a gateway to a more efficient travel booking experience. Opening the doors to lower hotel prices and a more streamlined booking platform, Bitcoin Cash holders will now be able to choose from almost 600,000 property listings for their next holiday, with ease, through the use of their Bitcoin.com wallet.
Roger Ver, CEO of Bitcoin.com said, “Our work is guided by a stout belief in Bitcoin Cash as a model of economic freedom and this includes the continual expansion of offerings under our current suite of products and services. By providing additional functionalities compatible with the lifestyle choices of our community, this partnership exemplifies the value of digital currencies and will build out our ecosystem with a real-world, viable use case.”
Launched in 2015, Bitcoin.com is an industry pioneer with an established suite of Bitcoin-related products, tools, and services. Empowering users to be part of the digital economy, the Bitcoin.com wallet enables the sending of Bitcoin and Bitcoin Cash between users in a direct, secure, and non-intrusive manner, with a global reach of over 3.9 million users.
Bitcoin Cash users are able to access Travala.com directly from their Bitcoin.com wallet.
CEO and Founder, Matthew Luczynski, is available for interview
Offering an average of 15% savings on bookings, Travala.com is the leading blockchain travel booking platform transforming the future of the online travel industry. A proven platform with over 567,928 properties across 210 countries and territories, spanning 82,311 destinations, Travala.com leverages and innovative application of blockchain technology and token economy to deliver a streamlined booking process and a fairer pricing system for consumers and merchants alike.
Bitcoin.com is supercharged to change the world with Bitcoin Cash (BCH). Our suite of developer tools has been downloaded 36,000+ times from over 100 countries. Our team is the heart and soul of the Bitcoin Cash industry. We’re committed to making BCH available to all people, whatever their age, gender, nationality or financial status.