Bitcoin Cash outshines BTC Retail Shopping in Australia by Wide Margin | Shelter Crypto | Shelter Humanity | Charity Token Homeless | Charity Coin

Bitcoin Cash outshines BTC Retail Shopping in Australia by Wide Margin | Shelter Crypto | Shelter Humanity | Charity Token Homeless | Charity Coin

 

 

 

 

Bitcoinbch.com, an Australian-centric portal, published a detailed report that showed the amount of cryptocurrency spent by Australian retailers. According to the 10-page report, BCH transactions in Australia exceed BTC transactions by large margins and BCH is Australia’s most popular digital currency. Join Charity Token Homeless community

 

Bitcoin Cash is the #1 cryptocurrency in Australia.

 

Bitcoinbch.com released a report on cryptocurrency usage in Australia this week. The report covers Australian merchants who accept digital currencies for products or services. This research examines both the point-of sale systems and payment processors located in the country. The analysis was based on the sources Travelbybit, Hula and the Hockings Underwriting Logistics App.

 

Bitcoin Cash outshines BTC Retail Shopping in Australia by Wide Margin

 

TBB is a multi-coin payment processor that was established in 2017. To date, it has approximately 195 merchants. Hula was founded two months ago. The company currently has around 17 retailers using the underwriting program. Hayden Otto (Bitcoinbch.com CEO) explains that this report captures and analyzes the bulk of all merchant cryptocurrency payments in Australia for September 2019.

 

“Cryptocurrency adoptions in Australia have taken some interesting turns — Today, there is an apparent shift toward a monocryptocurrency policy where merchants choose to accept Bitcoin Cash(BCH) instead of point-of-sale system supporting a range of different cryptos,” the report highlights. Continue Otto’s research:

 

Additionally, many of these merchants prefer to accept Bitcoin Cash(BCH) peer-to–peer rather than using payment processors.

 

Bitcoin Cash outshines BTC Retail Shopping in Australia by Wide Margin

 

92% of Australia’s crypto-based retail sales are made using Bitcoin Cash

 

A September 2019 study of cryptocurrency retail sales in Australia found that $625,405 was spent across 625 transactions. The report states that the Bitcoin Cash blockchain (BCH) was responsible for the majority of economic activity. The summary from Bitcoinbch.com states that the combination data between TBB, Hula and BCH clearly shows that BCH is the preferred choice for Australian electronic cash users. Lightning Network had 3.1%, while BCH sales was dominated by 92.45%. Traditional BTC transactions were 1.9%. LTC, BSV, ETH, and ETH can barely be seen on the scope data, accounting for 0.01% – 0.19% of retail sales.

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