2018-9-21 17:49 |
Queensland in Northern Australia is presenting a striking example of cryptocurrency adoption. The region is interested in the use cases of a decentralized peer-to-peer electronic currency — Bitcoin Cash (BCH). Merchant adoption for the coin has increased rapidly in the region in the past few months as more people engage in the cryptocurrency. The most popular fork of Bitcoin, BCH is currently the fourth largest cryptocurrency in the world by market capitalization.
Where Is BCH Thriving Like Fiat Currency?Northern Queensland, a region in Australia located within the state of Queensland, is becoming a popular topic of discussion on online crypto forums, especially on Reddit’s r/btc.
To begin with, North Queensland is home to one of the first BCH-only ATM in the country, and it hosts its own Bitcoin Cash Meetup. Furthermore, several merchants in the region are already accepting Bitcoin Cash. In fact, about 73 different businesses with 33 merchants are accepting Bitcoin Cash as payments from their customers in the territory.
Also, daily forum posts show people adopting the new technology in everyday life. There is even a Twitter handle called Bitcoin Cash NQ dedicated to highlighting how the region is flourishing with crypto adoption. Even a rock festival in the region happening in October has announced discounts for people who pay with BCH.
You Can Buy Coffee With Bitcoin CashIn North Queensland, buying a product or paying for services with Bitcoin Cash is a regular activity. Elements Studio allows customers to buy clothing and art with BCH, while Strand CrossFit & Fitness accepts BCH payments for workouts. Residents are even paying for tattoo removal in BCH at the Eraza Laser Tattoo Removal facility.
But what really works as the icing on the cake is buying coffee at Swagger and Jaxx Barber and Coffee, Alt Brew, and The Flying Turtle Coffee Shop with BCH. Other merchants that accept Bitcoin Cash payments include auto repair shops and consultancy services. The Brisbane Airport also features an additional 40 merchants accepting BCH payments.
Using a single cryptocurrency for accepting payments helps the merchants in North Queensland to avoid confusion and allows them to remain well informed and organized. Technical support is more easily sought as they don’t have to work their way through a wide array of available cryptocurrencies. Moreover, it helps in eliminating the need for cash and credit cards while allowing people to pay for goods and services without incurring an additional fee.
Australia’s North Queensland Becomes Hub for Bitcoin Cash Adoption was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.
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