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The Rise of Bitcoin Cash Adoption by Merchants Around the World

Technological progress brings an abundance of positive effects to any field or industry.

Nonetheless, the Bitcoin (BTC) community disregards technological progress, shunning financial innovation.

The biggest brand in crypto today, Bitcoin (BTC), is quite the opposite of what it hoped to become one decade ago.

Bitcoin degenerated into narratives, price charts, and speculation. The pump of bags of BTC maximalists is the only target.

Bitcoin Cash intervened to set things straight.

The P2P Electronic Cash system that serves the world as digital cash, in a permissionless environment, decentralized in all parts, focused on development and adoption as cash.

For this purpose, Bitcoin Cash offers cheap transactions at lightning speed.

Bitcoin Is Meant to be Spent

This is how it started, but eventually, different interests prevailed.

The money revolution Bitcoin represented was suppressed and the Bitcoin brand was hijacked by bankers.

Bitcoin Cash is the reincarnation of what began in 2008 with the Bitcoin whitepaper.

In 2015, Bitcoin was rising so fast that it would have already replaced weak and centralized fiat.

Microsoft, Expedia, Twitch, Steam, and 100,000 more merchants were accepting Bitcoin by 2015.

However, the 1MB blocksize consensus rule was insufficient to cover the expansion of demand for Bitcoin transactions.

A small part of the Bitcoin community reacted and managed to stall progress indefinitely.

That small part though, was all-powerful, controlling the discussions, censoring and promoting the agenda of stagnation.

Bitcoin Cash was the response to this agenda orchestrated by Blockstream.

The result of the 2017 upgrade is a Bitcoin (BCH) with proper chances of achieving adoption goals BTC skipped.

Bitcoin Cash aims at the global adoption of permissionless uncensorable, unhackable, and non-confiscatable digital cash.

Crypto has to compete with banks and fiat digital cash and soon will have to compete with CBDCs.

By the end of 2017, most merchants had already abandoned Bitcoin, and it never fulfilled its potential with the BTC version.

Bitcoin intentionally failed as digital cash, although it succeeded with Bitcoin Cash.

To achieve global scale competition in payments, Bitcoin Cash upgraded the blocksize to 8MB (now 32MB). A move that followed technological progress ( Moore’s Law), canceling the arguments of the side that denied progress.

With Bitcoin Cash, merchant adoption is on the rise:

Bitcoin Cash is rising in merchant adoption terms, even during these negative conditions that surround the crypto market lately (Celsius, FTX, BlockFi, bankruptcies).

Hotspots in the Caribbean, Latin America, Australia, and Africa are the new strengths of Bitcoin Cash.

The low fees and high speed of Bitcoin Cash make it the perfect money to use, especially in locations where fiat currencies are deteriorating.

Closing Thoughts

The maximalists that fiercely opposed the scaling of Bitcoin supported Lightning instead. Yet many of them are now condemning Lightning’s centralization tendencies and finding it unable to achieve anything significant in the payments field.

The main chain of Bitcoin Cash is the perfect example.

There’s nothing wrong with realizing you supported the wrong chain, and there’s always time to move elsewhere.

Of course, realizing a mistake is the first step, but many more steps are required.

Perhaps after BTC investors offloaded their bags in 2021, they are now feeling financially confident to reconsider their mistakes and support what Bitcoin Cash is building.

Bitcoin Cash never formed irrational cults or offered vague narratives but constantly promotes P2P cash as the only alternative to digital fiat and the coming CBDCs.

The competition will be fierce as CBDCs have already entered the payment arena. If anyone wonders why Bitcoin Cash is unfairly attacked and suppressed, that’s because it works better than anything else.

Bitcoin Bitcoin $76,208.62
-0.35%
Bitcoin Bitcoin Cash
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