According to a Reddit post that deliberated on the numbers for the most recent merchant accepters of the crypto asset, Bitcoin Cash (BCH), the total number of online stores that now accept Bitcoin Cash (BCH) could well be over 945 while the actual number of brick-and-mortar retailers stands at ,670 according to the post.
Bitcoin Cash (BCH) Price Today – BCH / USD
Is This an Indication of a Rise in Bitcoin Cash (BCH) Adoption?
According to the Reddit user, who may actually be connected to the Bitcoin Cash (BCH) Association, the latest statistics showing that Bitcoin Cash (BCH) adoption indicates that it has increased. This statistical data was collected from three websites. As the sites are likely going to list the same merchants we will take the top online retailers as a sign of increase in Bitcoin Cash (BCH) adoption.
As per the Reddit post, the data highlighting the merchant adoption of BCH include:
– About 945 online merchants on AcceptBitcoin Cash
– More than 670 brick-and-mortar merchants on Marco Coino, 2 more than the previous week.
– At least 939 merchants of every type of token on Green Pages, 2 more than previous week.
The Bitcoin Cash Association is a community-driven, and grassroots initiative created to accelerate the Bitcoin Cash (BCH) mass adoption. The platform is led by Paul Wasensteiner, while Roger Ver serves as its advisor.
Is This a Sign That Wide-Scale Retail Crypto Adoption is in Motion?
According to further research on the issue, the majority of the merchants who are accepting Bitcoin Cash (BCH) in the current landscape are the smaller, independent outlets. Although some of the larger platforms like Payeer, BitPay, and CopPay, are all included in AcceptBitcoin.cash listings.
One notable mention for brick-and-mortar retailers is Lush (cosmetics chain), Overstock and Newegg (both of which are larger retailers accepting Bitcoin Cash) Newegg and a host of others utilize the BitPay platform to handle their customer crypto payments. Overstock was among the first online retailers that began accepting crypto payments from the onset and by mid-2017 the retailer was already accepting 40 different tokens.
BitPay and Binance May Be Responsible for Increase in Bitcoin Cash (BCH) Retail Crypto Adoption
As is the case with the majority of the payment processors including the likes of BitPay permeate the crypto market, the issue of retail acceptance for the Bitcoin (BTC) and Bitcoin Cash (BCH) digital assets is slowly and steadily increasing. Firms like BitPay optionally transfer crypto asset payments immediately into fiat so that retail customers can successfully avoid the problem of volatility.
As of December 2018 9, the CEO of BitPay Stephen Pair predicted that we would see mass crypto adoption in three to five years into the future. Pair has revised a previous prediction from earlier of full digital currency adoption being about a decade into the future. The BitPay CEO now thinks that a situation where every store decides to accepts “payments via a Blockchain” will be much closer than originally expected.
Binance is one of the companies also pushing for the broader wide-scale crypto adoption. The startup recently went into a partnership with hotel booking forum Tripio. This was done to allow Binance users an option to book 450000 hotels with Binance (BNB) tokens.