The CEO of Bitcoin.com – Roger Ver, continues to publicize that Bitcoin Cash (BCH) is Bitcoin (BTC). The early Bitcoin (BTC) investor has also been known for saying that Bitcoin Cash is the Bitcoin (BTC) that Satoshi Nakamoto envisioned. On the 6th of August, the CEO of Bitcoin.com announced that Bitcoin Cash BCH can now be used to purchase coffee at Starbucks by using the IPayYou wallet.
IPayYou Wallet was launched back in 2016 as a Bitcoin (BTC) wallet. IPayYou wallet users can purchase gift cards with Bitcoin Cash (BCH) and Bitcoin (BTC) and then redeem them to buy goods and pay for services at Starbucks, Amazon, Uber, BestBuy, iTunes, Safeway, and eBay. Nevertheless, users can’t make purchases with Bitcoin (BTC) directly through the wallet.
This development came to the spotlight immediately after the announcement of the partnership between Starbucks and Intercontinental Exchange platform (ICE). The news had a massive effect on the digital currency space, especially in the Bitcoin (BTC) community.
It also led to a considerable increase in the value of Bitcoin (BTC). Also, the partnership resulted in the misapprehension that Starbucks would be accepting BTC as a means of settlement to buy coffee form all the outlets. While, in the future, users will be able to exchange their Bitcoin tokens for USD and purchase their Starbucks coffee.
Roger Ver’s announcement has led the digital currency market to think that it was to get back at BTC even though the payment option has been around for years and it supports both Bitcoin Cash (BCH) and Bitcoin (BTC). Also, Roger Ver has accused of misleading investors that Bitcoin (BTC) is Bitcoin Cash and making them invest in Bitcoin Cash (BCH).
Bitcoin Cash (BCH) Price Today – BCH / USD
At the time of writing, Bitcoin Cash (BCH) is trading at $620 after a decrease of about 12 percent over the past twenty-four hours. The market cap of the digital currency is now $10.84 billion and its trading volume over the past twenty-four hours is $422.15 million.