Bitcoin cash (BCH) adoption by cryptocurrency companies is continuing, offering new options for users. It has now been added by a hardware wallet to its software client as well as by two more exchanges in Asia for trading. Furthermore, over 4,500 merchants in India may soon be able to accept payments in BCH.
Bitcoin Cash on Keepkey
Keepkey, the cryptocurrency hardware wallet manufacturer which was acquired by the Shapeshift exchange in August 2017, has announced that bitcoin cash (BCH) is now officially supported by its client. The developer explained that: “Our recent beta client (4.5.11) for BCH was tested thoroughly and is now very mature.”
All of the wallet’s users that were holding BTC at the time of the fork on August 1, 2017 and have not yet claimed their BCH, will see that bitcoin cash is listed at the bottom when they open their bitcoin account in the Keepkey software. They can also now add a bitcoin cash account to send, receive, and exchange BCH with Shapeshift. For complete instructions see here.
Big Community Support in Asia
Anyone that will claim their bitcoin cash with Keepkey will also be able to trade it on two more exchanges in Asia now. Zebpay, one of the largest bitcoin exchanges in India in terms of the number of clients, has added support for bitcoin cash as part of its 2.0 release today. Launched in July 2015, Zebpay is an Indian app-based exchange, available for Android and iOS. It allows users to buy and sell cryptocurrencies, recharge their phone prepaid packages, and buy vouchers.
Hong Kong-based exchange Kucoin has announced that a bitcoin cash market has been added to the platform, enabling its users to start trading six new pairs using BCH on Wednesday. Explaining the move, the company wrote that: “The community has expressed the desire to be able to trade with more flexibility. Kucoin’s primary objective is to provide a diverse trading platform to all users.”
In addition to trading, bitcoin cash holders may soon be able to use BCH to pay in thousands of stores and restaurants across India. Mohit Lalvani, the CEO of Quikwallet, a payment processor that serves over 4,500 merchants in India, told news.bitcoin.com today that bitcoin cash support be added to the service in about a month. “The obvious reason was high fees and confirmation times, which is why we decided to add BCH support since BTC became unusable.”
How is the Indian market going to react once BCH is available for payments in 4500 more stores? Share your thoughts in the comments section below!
Images courtesy of Shutterstock, Zebpay and Keepkey.
Want to create your own secure cold storage paper wallet? Check our tools section.
Source : Bitcoin