BCH may be handling just about only 9,000 transactions a day and its price may have now fallen to the same levels as eth despite bch’s far more limited supply, but adoption appears to be increasing with Wikipedia now to accept it for donations.
“Our donors have shown an increased interest for different cryptocurrencies, so accepting Bitcoin Cash was a natural next step,” said Pats Pena, Director of Payments and Operations at Wikimedia Foundation, before adding:
“We accept donations globally, and we strive to provide a large variety of donation options. It’s very important that we can get international donations processed in ways that are efficient and cost-effective.”
The semi-decentralized global encyclopedia has been accepting bitcoin donations since 2014, but they’ve switched to BitPay so that “they can now accept Bitcoin Cash,” according to a press release.
“Bitcoin and Bitcoin Cash are one of the cheapest payment options available so more money goes to charity rather than paying fees. Wikimedia does so much good around the world that it is a privilege to help them raise money,” said Sonny Singh, Chief Commercial Officer.
BCH has been having a very rough bear market with the first bitcoin chain-split experiencing its own chain-split in November which badly crashed its value.
That turned some against the coin, but its focus on using the crypto as an actual currency is somewhat unique among the big four.
Their approach towards scalability is also different with the project to potentially use a new consensus mechanism called Avalanche.
For some, BCH is the real bitcoin. For others, it’s a scam. Objectively, its focus on actually using the digital money as a currency is pretty radical with cashers seeing themselves as mini-revolutionaries under attack by all sides.
Not without reason. While popcorn drama died down in BTC some time ago, in BCH that show of being forged in fire continues.
Their biggest success so far has undoubtedly been their coming to aid of Venezuela. That led to one of the biggest endorsement of crypto for 2018 when Alex Gladstein, Chief Strategy Officer at the Human Rights Foundation, said bitcoin matters for freedom.
Bitcoin, not BCH. That’s because despite some ostensible tribalism in the crypto space, the good cryptos tend to complement each other and the success or indeed failure of one tends to reflect on the other.
BCH, however, has an uphill battle towards their dream of a crypto economy. Yet the ends sometime might matter less than the means. The keeping alive of that dream. For whatever digital revolutionaries might be left in the pursuit of peer to peer money are likely mainly to be found primarily in BCH.
There they still talk about merchants accepting crypto for payments, with some trickles here and there perhaps one day turning into something more.
For while some might say BCH is dead, it is likely the case that what is dead can never die as long as an idea lives on.