Europe is home to the greatest concentration of merchants that welcome BCH as a
form of payment, with about 337 locations in total accepting the P2P digital currency.
About 134 physical stores in North America, 120 in Australia and 75 in Asia also take
payment in bitcoin cash, data from Marco Coino shows.
Bitcoin cash offers reliable, fast and inexpensive cryptocurrency transactions when
compared to traditional means of sending money. For example, credit and debit card
providers generally charge fees that can be as much as 3.5 percent of every
transaction. That compares with transaction fees of around $1 or less for
cryptocurrency-based purchases, regardless of the value of each transaction. In the
case of BCH, fees tend to be lower still, mostly in the region of a few cents.
In Africa, the cryptocurrency, which split from bitcoin core over a year ago, has seen
steady growth as a payment means for goods and services. BCH payments are
currently established at the three physical points in two countries on the continent,
Kenya and South Africa.
The numbers of stores accepting bitcoin cash is growing, including few established
privately own enterprises. Marks Jewelers, one of the biggest retailers of its kind in
the U.S., began taking BCH for payments in October, joining a growing list of jewelry
retailers including Samer Halimeh New York and Reeds.
Marks said at the time that the new payment methods, established in partnership with
ecommerce platform Shopping Cart Elite, will help to expand access to its jewelry
range for buyers throughout the world. “This will allow us to make our fine jewelry
available to the global market while paying lower fees and avoiding chargebacks,”