Roger Ver, the Chief Executive Officer of Bitcoin.com has always claimed that the price of cryptocurrencies does not matter, rather it is the mass adoption of the digital assets that actually counts. In a recent video uploaded by Bitcoin.com, Ver talked about updates and developments in the field of Bitcoin Cash [BCH], and elucidated on the ways it could be used to integrate cryptocurrencies into real-world applications.
Ver started by talking about the developments with Cointext, as latest reports suggest that Cointext added Bitpay invoices via SMS. The CEO stated that the service included a protocol that allowed merchants to add additional data within transactions. In his words,
“The service has a 15 minute timelock on it so that merchants are getting paid the correct amount of crypto amount which can then be converted into fiat currency if they choose to do so. This is now available in 42 countries which is pretty cool. Pretty sure applications like this are the ones that will drive world wide adoption of cryptocurrencies, you dont even need a smartphone to conduct these transactions now.””
The acceptance of cryptocurrencies was again given a boost when Ver revealed that Mene, an investment jewelry company now accepted Bitcoin Cash as a form of payment. According to Ver, users can buy jewelry online from the website by paying BCH on Coinbase, or BitPay.
Another key focus area for Ver’s discussion was connected to the concept of earning BCH, while using applications. One prime candidate for this technique was Taskopus, where users can hire out simple tasks attached with a bounty that others could earn, depending on the answers. Ver continued,
“You can give Taskopus things to do like listing out specific world capitals and it would pay the bounty to people who get it done. This is a great use case of cryptocurrencies to conduct micro transactions.”
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