post has been curated by a Reddit user, likely connected with the Bitcoin Cash Association, compiled these latest statistics for Bitcoin Cash (BCH) adoption from three websites. Taking into account that websites list at least some of the same merchants the highest online and brick-and-mortar retailers are considered a decent indication of Bitcoin Cash adoption.
Merchant adoption of Bitcoin Cash is where it’s at. Here are the latest numbers:
- We’ve got 945 online merchants listed on AcceptBitcoin.Cash.
- There are 670 brick-and-mortar merchants listed on Marco Coino, which is 2 more than last week.
- And you can find 939 merchants of all types on Green Pages, which is 2 more than last week.
Led by Paul Wasensteiner, and Roger Ver as an advisor, the Bitcoin Cash Association boasts itself as a “community-driven, grassroots project to accelerate the adoption of Bitcoin Cash.”
Currently, the merchants accepting Bitcoin Cash (BCH) are mostly smaller, independent outlets. However, larger payments platforms like Payeer, CopPay, and BitPay are listed in the AcceptBitcoin.cash, indicating a mainstream trend of adoption.
Notable, cosmetics chain Lush and larger retailers in the likes of Overstock and Newegg are included in the listing as well. Newegg and others use the BitPay platform to process their customer’s cryptocurrency payments. Retail giant Overstock was one of the first online retailers to accept cryptocurrency payments and by mid-2017 was accepting 40 different altcoins.
As Bitpay paves its way into the market, the retail acceptance of Bitcoin and BCH has seen a steady rise as well. What Bitpay and other such companies do is optionally transfer cryptocurrency payments immediately into fiat currencies so that retailer and customers can avoid crypto-volatility.
BitPay CEO Stephen Pair predicted that the mass cryptocurrency adoption is between three and five years away. Revising his earlier prediction of a decade, he claims that a scenario where every store accepts “a blockchain payment” is much closer than we think.