Roger Ver announces Bitcoin Cash VISA debit card
Announcing the future arrival of a VISA debit card, Roger Ver continues his campaign against the original Bitcoin...
Roger Ver and Bitcoin.com announced today on Twitter that Bitcoin Cash would be offering a VISA debit card. This would greatly ease the use of the cryptocurrency in everyday purchasing activities. This is sure to bring more attention and excitement to the competing coin.
As Bitcoin is relatively difficult and costly to transact, a debit card solution for spending a competing currency with lower fees and higher transaction speeds is very appealing. Giving cryptocurrency direct access to retail through a Bitcoin Cash VISA debit card could greatly improve the accessibility of the coin.
Companies like TenX and Monaco are working on the same kind of product, although both Tenx and Monaco plan to offer multi-currency spending, for broader application and accessibility to the market.
As I mentioned in this article yesterday, Roger Ver and the folks at Bitcoin.com will be campaigning for their coin over the next number of weeks prior to the release of previously locked-up Bitcoin Cash currently held on Coinbase.
In January, 2018, Coinbase will be releasing a large volume of Bitcoin Cash to all Coinbase holders of Bitcoin as of August 1, 2017, so there will be an instant boost in the amount of Bitcoin Cash available on the market early next year. This could cause an outflow of Bitcoin Cash to other currencies, including Bitcoin itself, resulting in a significant price drop in Bitcoin Cash. It is likely that Ver and the team at Bitcoin.com are trying to bolster the appeal of Bitcoin Cash before this event.
Keep in mind that a sudden influx in availability of a currency does not usually bode well for the price. Greater supply usually results in a drop in value. Ver is attempting to boost the "demand" side of this supply-and-demand equation.
Again, expect to see daily news regarding Bitcoin Cash over the next few weeks as Ver and associates keep promoting the coin.
*This is not professional trading advice - just my opinion.
sources:
https://cointelegraph.com
https://steemitimages.com
That's great. I'm surprised that Bitcoin Cash isn't doing stronger in the markets right now. It's only at +9%, which despite being amazing, isn't "crypto amazing". I suppose that the news might take some time to percolate.
He made the announcement without a timeline, so it makes it a little tougher to be excited about it. Who knows, it could be in development for years yet before release.
Similar debit card solutions like TenX and Monaco have been working at this for more than a year and still have a ways to go to achieve global utility and availability.
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