Watch: Australian City Sports 40+ Bitcoin Cash Merchants

CoinSpice’s Hayden Otto, obviously a native of Australia, published a video today featuring himself traversing the economy of North Queensland, Australia, without using fiat currency at all. He was able to dine, drink, travel, get accommodations, and even have his laundry done – all with Bitcoin Cash. At one point in the video, he appears to pay nearly $4,000 AUD to take a helicopter tour of the region, followed by a motorcycle ride.

Many of the retailers would accept cryptocurrencies other than Bitcoin Cash, but, according to Otto’s reporting, Bitcoin Cash has a large community as a result of its local meetup.

Bitcoin Cash: Cheaper Than Fiat or Bitcoin

As this reporter has noted in the past, the transaction fees on Bitcoin Cash are laughably small. For people who held Bitcoin prior to the original fork, it’s basically “free money.” Using Bitcoin Cash is shown to be convenient and easy. Most importantly, merchants seem to understand it.

While the Bitcoin community lauds second-layer solutions such as Lightning Network, which will arguably create another generation of adoption delays among merchants, Bitcoin Cash users just get down to business. Not to get off subject, but it is still possible to use Bitcoin directly on-chain. It’s just that fees are both unpredictable and occasionally very high. By comparison to other cryptos, that is. What Bitcoin lacks as a usable currency, it makes up for as a store of long-term value.

A Homogenous Crypto Ecosystem Becomes Less Likely By The Year

bitcoin cash bitcoin

Partisans within the crypto movement have yet to accept “Bitcoin as gold, others as payment notes” as a normality. But it’s probably the only workable reality we’ll see in the near future. | Source: Shutterstock

As previously noted, Lightning Network adoption will take at least as long as Bitcoin adoption. Still, there are over 14,000 local businesses around the world that do currently accept Bitcoin Core, according to Coinmap.

Many of these are likely to accept Bitcoin Cash as well, as the infrastructure is still not all that different. However, according to AcceptBitcoin.cash, just 960 of the 2000 retailers they track accept Bitcoin Cash.

At the same time, the initiative itself is an example of the drive within the Bitcoin Cash community. It wants to prove itself as a viable alternative to Bitcoin. Nevertheless, markets have been unkind to the price of Bitcoin Cash. Especially since the Bitcoin SV hardfork from which neither version of Bitcoin Cash has ever recovered.

Merchant adoption is becoming a hot topic once again, after years in the background. Starbucks is spearheading a Bakkt-led initative to create payment crypto-enabled payment rails for merchants. Hardliners might still like to see “closed-loop” initiatives, in which some merchants are able to accept crypto payments as well as use them to pay for their costs and labor.

Crypto skeptic Frances Coppola recently received a ton of flak on Twitter for calling Bitcoin “a cult.” One of her more interesting points was that valuing cryptos in fiat money underlines a lack of actual faith in the currencies, hardening the belief that speculators remain the mass of crypto adopters.

Here’s the video from CoinSpice. A bit cringey, but still enjoyable.

About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews

Automated trading with HaasBot Crypto Trading Bots

Blockchain/Cryptocurrency Questions and Answers

What Are E-stablecoins And How Do They Operate?
What Are E-Stablecoins And How Do They Operate?
August 11, 2022
How to Choose a Legit Crypto Casino?
August 5, 2022
Spend Crypto
5 Ways to Spend Crypto
August 2, 2022
What Is A DAO LLC?
What Is A DAO LLC?
August 2, 2022
Can Running A Lightning Node Earn You Passive Income?
Can Running A Lightning Node Earn You Passive Income?
July 5, 2022


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin24,065 0.85 % 1.34 % 6.11 %
Ethereum1,903.4 0.96 % 0.43 % 18.04 %
Tether1.000 0.11 % 0.05 % 0.13 %
USD Coin1.000 0.44 % 0.25 % 0.18 %
BNB324.11 0.76 % 0.47 % 4.26 %
XRP0.3749 0.28 % 1.35 % 0.55 %
Cardano0.5341 0.76 % 0.59 % 6.32 %
Binance USD1.002 0.20 % 0.24 % 0.04 %
Solana42.12 0.56 % 2.22 % 3.81 %
Polkadot9.420 0.99 % 1.34 % 16.19 %

bitcoin
Bitcoin (BTC) $ 24,011.00
ethereum
Ethereum (ETH) $ 1,901.66
tether
Tether (USDT) $ 1.00
usd-coin
USD Coin (USDC) $ 1.00
bnb
BNB (BNB) $ 323.94
xrp
XRP (XRP) $ 0.374692
cardano
Cardano (ADA) $ 0.532897
binance-usd
Binance USD (BUSD) $ 1.00
solana
Solana (SOL) $ 43.29
polkadot
Polkadot (DOT) $ 9.42