The objective of Bitcoin cash is to become sound global money with micro fees, fast payments, privacy, and extreme transaction capacity (big blocks). In the similar way that physical money, like a dollar bill, is handed straight to the person being paid, Bitcoin Cash payments are sent directly from one person to another.

It is a peer-to-peer electronic cash system.

Bitcoin Cash doesn’t need any trusted third parties and no central bank, as it is a decentralized cryptocurrency. Bitcoin Cash does not rely on monetary middlemen like banks and payment processors unlike traditional fiat money. Transactions cannot be regulated by governments or any other centralized corporations. Likewise, funds cannot be frozen — because financial third parties do not have any control over the Bitcoin Cash network.

Trade $BCH at LCX Exchange

What is Bitcoin Cash used for?

Bitcoin Cash amalgamates gold-like scarcity with the usable nature of cash. Bitcoin Cash is probably scarce with a limited total supply of 21 million coins and, like physical cash, can be easily spent. Transactions are quick with transaction fees usually not more than a tenth of a cent. Everyone can accept Bitcoin Cash payments with a computer or smartphone.

Bitcoin Cash has numerous use cases. Additionally to peer-to-peer payments among individuals, Bitcoin Cash can be utilized to online pay participating merchants for goods and services or even in-store. Very low fees allow new micro-transaction economies, like tipping content creators and rewarding app users some cents. Bitcoin Cash even decreases the fees and time of settlement for payment and cross-border trade.