Blockchain Makes Full Bitcoin Cash Support Available on Web Wallet
Popular digital wallet services - Blockchain has started supporting Bitcoin Cash with complete functionality on its web wallet. Currently, the services are available only on web wallet and Blockchain has mentioned in its blogpost that they will get all the features to its mobile wallet as well till Q1 2018.
The blogpost reads “With Bitcoin Cash joining our existing lineup of digital currencies, users now have a full suite of options and can easily toggle between digital currencies to send and request funds, safely manage balances, and monitor market prices – all from one central place.”
With new features brought to the wallet services, users will now be able to switch and trade between different virtual currencies like Ethereum and Bitcoin. The wallet will also work as a central portal and allow users to track the crypto prices and also to either send or receive funds.
Similar to Bitcoin and Ethereum, Bitcoin Cash too will have private keys which give users a complete access to the tokens. However, it is being said that most of the users will not get the facility to buy/sell Bitcoin Cash directly with the fiat currencies.
Ever since its rollout earlier this year in August 2017, Bitcoin Cash has maintained its position as the top-five cryptocurrencies by market cap. Bitcoin Cash was created as a result of a difference of opinion between the miners and developer community regarding the block size. While Bitcoin still continues on its 1MB block size, Bitcoin Cash has a much bigger 8MB blog size which means that it can perform more transactions in lesser time when compared to Bitcoin.
The founder and CEO of Blockchain said “As the popularity of bitcoin cash has grown, so has the desire from our customers to manage bitcoin cash from within their Blockchain wallets in the same way as bitcoin and ether. We are thrilled to fully support bitcoin cash through our wallet and will continue to find ways to make interacting with digital assets even easier for our users.”
Bitcoin Cash has attained some sort of good reputation amongst crypto enthusiasts and investors. Last month, Blockchain announced that “Market demand for Bitcoin Cash has proven strong and, in our view, it’s likely here to stay.” Blockchain has stayed up to its word of offering a complete support for Bitcoin Cash before the year ends. Earlier, Blockchain provided support for Ethereum and Bitcoin and some limited support for Bitcoin Cash.
Blockchain has suffered a latest backlash and criticism from several users for this move. Users are not satisfied with adding BCH to wallet before implementing SegWit for BTC transactions. The company in response has said that “In 2018 we will be rolling out support for SegWit within our wallet products.”
Tis week, there have been some pretty good trading volumes in BCH after the price hovered around $1300 for quite some time. Bitcoin Cash surged to its new all-time high of $2069 as per our charts and is currently consolidating around $1700 levels. Currently, it has the fourth largest market cap of $28 billion just below Ripple’s $29 billion.