With BTC transactions taking forever to complete and fees higher than ever, the adoption of bitcoin cash by small businesses and big miners is going strong. The latest examples of this include paying for everything from plastic surgery to music records.
Cloud-based cryptocurrency mining company Genesis Mining yesterday announced offering Bitcoin Cash as an automatically traded option. Meanwhile, the fully minable option for all bitcoin mining contracts will be available soon, the company promised.
Founded in 2013, Genesis Mining is one of the largest cloud-based cryptocurrency mining ventures globally. It provides hashing power to many miners from all over the world, focusing on bitcoin, dash, ethereum, litecoin, zcash and monero (which is the only contract in stock at the moment). Now miners can automatically trade their proceeds for bitcoin cash and thus hedge against it taking off without them.
Music Records, Gift Cards and Plastic Surgery
Once miners get their hands on some bitcoin cash they can use it for more than just trading, like paying for music records, gift cards and even plastic surgery.
Music records store Eruce announced a few days ago that it has switched to BCH as its official currency for album order payment. The company used to accept BTC payment but now they explain that: “in the last 2 months, our customers found out it would be very difficult to get their payments confirmed. Usually, our albums cost from $1 to few bucks. With current status of Bitcoin Core, its impossible for us to continue our journey with them.”
And, if you are in need of some breast augmentations, tummy tucks or other forms of cosmetic surgery, just head down to Florida. Dr. Danny Soares, a plastic surgeon and Director of a medical center in the Sunshine State, has recently made public his decision to accept BCH as a method of payment for elective surgical procedures. The good doctor has even called on his fellow nip tuck artists to do the same.
Finally, if you are looking to buy some gift cards for Amazon, Steam, iTunes, Starbucks or many other popular services, someone has launched a new website called Cryptonize.it just for you. It exclusively accepts bitcoin cash, offering merchants a platform to sell their products to the bitcoin cash community while avoiding volatility risks. It has only been up for a few weeks so the site is not very polished yet, has daily spending limits and other growing pains, but will be interesting to see how it develops.