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ETC Group, an ETF issuer company, released a report last month about the evolution of Bitcoin Cash in the years after the hard fork that created it. While the company acknowledged the asset price is lagging compared to its older sibling, it praised the crypto on other aspects like development and actual usage. Bitcoin Cash has improved regarding these two metrics, likely helped by the inclusion in several important platforms such as Paypal.
Bitcoin Cash Examined by ETC Group
ETC Group, a financial services company based in London, has issued a report on Bitcoin Cash. The report, which touches on several important aspects of the cryptocurrency, establishes that Bitcoin Cash has experienced positive development when it comes to the actual usage of the currency. The report states:

Bitcoin Cash has retained its laser focus on facilitating easy, fast, everyday transactions. And this is starting to pay off. Daily active addresses, a proxy for daily active users, have continued to grow strongly in the past two years.

What’s interesting about this is that adoption has grown even when spot prices have not accompanied this growth. This suggests that usage, rather than speculation, is the driving force behind Bitcoin Cash adoption, something very different from other cryptocurrencies. However, the report does state that prices have stagnated when compared with other cryptos on the market.
Growth may also have been driven by the inclusion of Bitcoin Cash on the initial roster of Paypal’s supported cryptocurrencies in November 2020. This movement put the asset in the hands of people new to the crypto space, providing the option to invest in bitcoin cash to a wide market.

Bustling Development
The report also states that development has been constant since the 2017 hard fork that gave birth to BCH. This development, according to ETC, is what differentiates Bitcoin Cash from other crypto networks like Litecoin, which has stopped the addition of new features for its targeted use case. The report stresses:

There are scores of other utility developments in play that are adding to its practicality, developing tools like smart contracts, prediction markets, and EVM-compatible content.

Smartbch just launched earlier this year, bringing smart contract capabilities and Ethereum-like decentralized finance apps to the chain. The nascent project still has a lot of room to grow, but constant development such as this seems to have been an influential factor in ETC Group’s assessment of the peer-to-peer electronic cash system.
What do you think about ETC Group’s BCH report? Tell us in the comments section below.



























ETC Group, an ETF issuer company, released a report last month about the evolution of Bitcoin Cash in the years after the hard fork that created it. While the company acknowledged the asset price is lagging compared to its older sibling, it praised the crypto on other aspects like development and...

news.bitcoin.com

ETC Group Releases Bitcoin Cash Report Praising High Usage and Vibrant Development

  
According to a few recent Twitter posts, investors in El Salvador are putting more cash into Bitcoin ATMs than they are taking out. Bitcoin has been legal tender in El Salvador for little more than a month. 



President Nayib Bukele has become the most outspoken world leader when it comes to cryptocurrency adoption. Between making Bitcoin legal tender in El Salvador to mining it with volcanoes, Bukele has been busy. 



The latest from the Twitter desk of President Bukele is a claim that citizens are buying a lot more BTC than expected. “Since yesterday, Salvadorans are inserting more cash (to buy #bitcoin) than what they are withdrawing from the @chivowallet ATMs. And if we add remittances (almost $2 million per day), the incoming USD QUADRUPLES the outflow.” If the numbers prove to be correct, and consistent, the annual total could be around $750 million. 



In a separate tweet, President Bukele pointed out that, “for people that onboarded @chivowallet on September 21, the value of their #Bitcoin has gone up 35% in just 15 days.” He adds that “millions experiencing DEFLATION in real-time.” 



So far, more than three million people have downloaded Chivo in El Salvador. This is around half the population and 500,000 more than was expected. Bukele claims Chivo Wallet had more than 2 million active users in September. 



Many of these users are in the United States where 30 bitcoin ATMs have been erected to send remittances to El Salvador. Atlanta, Chicago, Houston, and Los Angeles currently has the machines and, according to Bukele, are seeing millions send daily. 



El Salvador’s crypto experiment experiencing growing pains



Despite the high investment rate, Reuters says that a low percentage of businesses in El Salvador have processed a single bitcoin payment. Of the 233 companies polled in different areas of the country, just 7% reported processing crypto payments. 



Additionally, several technical issues have caused widespread issues over the first month of the rollout. Some have even lost money due to these technical bugs. 



Speaking with Reuters, a construction worker named Adalberto Galvez lost $220 when he tried to withdraw funds from his Chivo wallet. Galvez had been trading bitcoin for months without issue until the Chivo digital wallet. “It took my money but gave me nothing,” said Galvez after the error occurred. 



The President has attributed these issues with the popularity of bitcoin in El Salvador and the high demand for crypto.



What do you think about this subject? Write to us and tell us!
  The post El Salvadorian Bitcoin Usage is Exceeding Expectations, Says Bukele appeared first on BeInCrypto.


According to a few recent Twitter posts, investors in El Salvador are putting more cash into Bitcoin ATMs than they are taking out. Bitcoin has been legal tender in El Salvador for little more than a month. 
The post El Salvadorian Bitcoin Usage is Exceeding Expectations, Says Bukele appeared fir...

beincrypto.com

El Salvadorian Bitcoin Usage is Exceeding Expectations, Says Bukele

The central bank of New Zealand has lined up among monetary authorities exploring the question of issuing their own digital currencies. The financial regulator is now seeking feedback from the public about the need for a digital form of the national fiat while also promising to preserve cash. 
New Zealand Central Bank Considers Risks and Benefits of CBDC
Reserve Bank of New Zealand (RBNZ) is now gathering input from the public on the potential use of a central bank digital currency (CBDC), Reuters reported following an announcement released by the bank on Thursday. Assuring that financial authorities are still working “to preserve cash and the cash system for those that need it,” RBNZ Assistant Governor Christian Hawkesby stated:
A Central Bank Digital Currency would see the features and benefits of cash enjoyed in the digital world, working alongside cash and private money held in commercial bank accounts.
The high-ranking official elaborated that a CBDC could benefit both individuals and businesses by facilitating the establishment of more efficient and integrated platforms. A digital New Zealand dollar could potentially help protect the country’s monetary sovereignty as well. Hawkesby, who is also the bank’s General Manager of Economics, Financial Markets and Banking, was quoted as saying:
As steward we want to ensure that our central bank money remains a stable value anchor for the monetary system and available as a fair and equal way to pay and save – so ensuring that New Zealanders have access to money in forms that suit them and their changing needs.
At the same time, the banker acknowledged that a digital currency would pose certain operational risks, including those of a cybersecurity nature, and impact the traditional financial sector. Hawkesby then emphasized that any decision on launching a CBDC would have to take these factors into careful consideration.
In a paper accompanying the statement, the Reserve Bank of New Zealand pointed to the declining use and acceptance of paper cash in the country, which could be another major motive to mint a national digital coin. The financial institution also highlighted innovations in private money such as the emergence of stablecoins.

Other central banks in the region are already cooperating on the CBDC front. In early September, reports came out that the Reserve Bank of Australia, Bank Negara Malaysia, the Monetary Authority of Singapore, and the South African Reserve Bank are all preparing to test the use of state-issued digital currencies in international payments. The banks explained that the collaboration aims to develop shared platforms for cross-border transactions using different CBDCs.
The trials are led by the Bank for International Settlements (BIS) Innovation Hub with the goal to establish whether central bank digital currencies can simplify transactions and lower their costs. The Hub heads a similar project between China, Hong Kong, Thailand, and UAE, while it’s also cooperating with Bank of France and the Swiss National Bank to test wholesale digital currencies in cross-border settlements.
Central banking institutions in dozens of countries around the world are currently working to develop and launch CBDCs, with the People’s Bank of China arguably having the most advanced project. The U.S. Federal Reserve, Bank of Russia, and the European Central Bank are also progressing towards issuing their own digital currencies.
Do you think the Reserve Bank of New Zealand will eventually decide to issue a national digital currency? Share your expectations in the comments section below. 



























The central bank of New Zealand has lined up among monetary authorities exploring the question of issuing their own digital currencies. The financial regulator is now seeking feedback from the public about the need for a digital form of the national fiat while also promising to preserve cash. New...

Reserve Bank of New Zealand Seeks Public Opinion on Central Bank Digital Currency

Twitter has begun rolling out “Tips,” a feature that allows users to send bitcoin or cash tips. The rollout begins with iOS users with Android coming soon. The company is also planning support for non-fungible token (NFT) authentication.
Twitter Rolls Out ‘Tips’ With Bitcoin
Twitter Inc. announced Thursday that it is rolling out the bitcoin tipping feature starting with iOS users. The company tweeted: “Tested the Tips feature, turns out people love money. Rolling out on iOS with Android coming soon.” Twitter described:
Tips allows you to send bitcoin or cash tips depending on how you configure your Tips settings and the regional availability of third-party payment providers.
Twitter Support tweeted explaining how to use the new tipping feature. “Looking to get a little support with Tips? Tips is now rolling out to everyone (18+) on iOS. Add the Tips icon to your profile from the ‘Edit profile’ button,” the support account wrote.

Looking to get a little support with tips? Tips is now rolling out to everyone (18+) on iOS.
Add the Tips icon to your profile from the “Edit profile” button. 💸 pic.twitter.com/bFcSIuAbFg
— Twitter Support (@TwitterSupport) September 23, 2021

Esther Crawford, Twitter’s product manager, detailed that when an account has turned on Tips, the Tips icon will appear next to the follow button on the profile page. “Tap the icon, and you’ll see a list of payment services or platforms that the account has enabled, and you can select whichever you prefer,” she wrote, emphasizing:
Once you tap the service you want to use, you’ll be taken off Twitter to the selected app to send funds. Twitter takes no cut.
“In addition to the services currently enabled through Tips, people can now seamlessly tip with bitcoin using Strike — a payments application built on the Bitcoin Lightning Network that allows people to send and receive bitcoin. Strike offers instant and free payments globally,” Crawford added.
Strike is available in the U.S., excluding Hawaii and New York, as well as in El Salvador, where bitcoin is now legal tender alongside the U.S. dollar. Users in eligible markets can sign up for a Strike account and add their Strike username to receive bitcoin tips over the Lightning Network. “You can use any Bitcoin Lightning wallet to send tips to someone’s Strike account,” the product manager clarified.
“When you enable Tips on your profile, you can now also add your bitcoin address. People can copy your address and paste it into a bitcoin wallet of their choice to send you a payment directly,” she noted.
Besides Strike, other payment options and platforms currently available are Bandcamp, Cash App, Chipper, Gofundme, Patreon, Picpay, Razorpay, Wealthsimple Cash, and Paypal’s Venmo.

Twitter Exploring NFT Authentication Support
In addition, Twitter announced that it is also planning to support authentication for non-fungible tokens (NFTs). “We’re excited to soon explore NFT authentication,” Crawford was quoted as saying. “It’s a way to support creators making this art with a stamp to demonstrate authenticity. By allowing people to directly connect their crypto wallets, they can track and showcase their NFT ownership on Twitter.”
She added: “We’re interested in basically just making it visually clear that this is an authenticated avatar and then give you some interesting info and insight about the provenance of that NFT.” A Twitter spokesperson said:
NFT authentication will come in the form of a badge, shown on profile pictures, marking the owner’s NFT as authentic.
What do you think about Twitter’s bitcoin tipping feature and NFT authentication? Let us know in the comments section below.



























Twitter has begun rolling out &#x201C;Tips,&#x201D; a feature that allows users to send bitcoin or cash tips. The rollout begins with iOS users with Android coming soon. The company is also planning support for non-fungible token (NFT) authentication. Twitter Rolls Out &#x2018;Tips&#x2019; With B...

Twitter Launches Bitcoin Tipping Feature, Explores NFT Authentication

Payment gateway giant, PayPal announced on Twitter that all eligible customers in the U.K. will now be able to buy, sell and hold cryptocurrencies, such as Bitcoin, Ethereum, Litecoin, and Bitcoin cash through their PayPal accounts.

We are delighted to share that all eligible customers in the UK can now buy, hold and sell #Cryptocurrencies #Bitcoin, #Ethereum, #BitcoinCash & #Litecoin from their PayPal account. Look out for it in the PayPal app.
— PayPal UK (@PayPalUK) September 17, 2021

This announcement came as a follow-up, confirmation thread to PayPal’s August 23 tweets, revealing that the organization is expanding its crypto service to the U.K. PayPal unveiled its trading services in the U.K., which has come into action with their latest tweet. Additionally, the platform has also lifted off its in-app trading restrictions, which fits its view of expanding into the global crypto sphere.

Today, we are announcing the launch of a new service that will enable eligible customers in the UK to buy, hold and sell #Cryptocurrency directly from their PayPal account. Terms apply. pic.twitter.com/RG5xoqlHmr
— PayPal UK (@PayPalUK) August 23, 2021

In August, PayPal announced that its U.K. users will be able to check the live prices of the listed cryptocurrencies along with crypto educational content. Furthermore, Jose Fernandez da Ponte, Vice President and General Manager, Blockchain, Crypto, and Digital Currencies at PayPal asserted that the company would work closely with regulators to ensure full compliance.
“Our global reach, digital payments expertise, and knowledge of consumer and businesses, combined with rigorous security and compliance controls provides us the unique opportunity, and the responsibility, to help people in the UK to explore cryptocurrency. We are committed to continuing working closely with regulators in the UK, and around the world, to offer our support—and meaningfully contribute to shaping the role digital currencies will play in the future of global finance and commerce.”, said Jose Fernandez da Ponte in the Press Release.
Paypal and Coinbase collaboration
This is the first time PayPal has encrypted products outside the United States. The payment processing giant started its crypto trading services last year in October for US customers. Earlier this tenth of April, Coinbase cryptocurrency exchange announced, adding Paypal as a payment option for US customers. This in turn allowed millions of US-based users to add their Paypal linked debit and credit card to their Coinbase account making way for seamless crypto purchase on the exchange.
The post Just-in: PayPal Starts Bitcoin and Other Crypto Trading Services in UK appeared first on Coingape.


Payment gateway giant, PayPal announced on Twitter that all eligible customers in the U.K. will now be able to buy, sell and hold cryptocurrencies, such as Bitcoin, Ethereum, Litecoin, and Bitcoin cash through their PayPal accounts. We are delighted to share that all eligible customers in the UK ...

Fanáticos Cash price	$0.00185
Low - High 24H	$0.001826 - $0.001844
Market cap	N/A
Volume 24H	N/A
All time high	$0.277384 -99.33% July 30th 2020
All time low	$0.00103 79.74% February 17th 2021
Genesis date	N/A

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