Bitcoin Cash Reaching Out For A Deal With Euro

Bitcoin Cash heads for bigger things. Above all, this will enable the digital currency to brush ‘shoulders’ with its namesake. BCH has partnered with Euro, a deal which will open in a matter of days. If it sails through, the cryptocurrency will hit higher prices. GDAX has promised Bitcoin Cash that the partnership is here to stay. It will help boost sells of this fast and cheap alternative. Being a subsidiary of Coinbase.com, the platform has confirmed that the service will be available. It will not take long before clients start seeing the benefits.

Why Is Bitcoin Cash Looking For Deals With Euros?

The platform has set the date when clients will start using the BCH/EUR level, which will be helpful to all investors in the world. But most importantly, it will be beneficial to investors from Europe. The date is January 25. This process will come with its benefits. Investors will not be forced to go through lengthy procedures. According to the platform, in the past, clients were supposed to do a lot.

Will Bitcoin Cash Seal The Euro Deal?

First, they were supposed to exchange the Euro for the Bitcoin. It is after changing to the BTC that they were able to exchange to BCH. As you all know, that means you would incur a second commission. That’ll be history starting January 25, which will also open the way for more investors for there is no fear of the second commission. Above all, this looked tedious. In fact, for this reason, clients thought it is easy to run a real money mobile casino business than investing in cryptos. Well, it might be right. Also, this program would be up and running by now. The first attempt to bring it on board was in December 2017. But before it could go through, Coinbase halted it.

Exchange The Euro To The Bitcoin

Other issues needed to be solved. Some of the challenges include the inability to handle all the traffic that could result from the transactions. There was also the issue of many insiders trading. For now, clients can trade with BTC. In fact, this was enabled on January 17, just a week before the BCH/EUR pair kicks off.

GDAX decided that it does this program step by step

The market operation unit in GDAX decided that it does this program step by step, which is so to avoid the mistakes Coinbase raised during the initial launch. Otherwise, when clients are allowed to engage in the cryptocurrency trade this time, everything will be complete. The platform says that the whole process is now quick. It will cut the amount of time by more than a half, which is a good thing compared to the previous lengthy process where one was required to pay double the commission.

Since this article was written, Coinbase and Coinbase Pro have released Bitcoin has with Great British Pound Sterling and Euro Pairs. Now, you can buy, sell and trade Bitcoin cash using BTC/EUR and EUR/BTC. As far as we know, the European Union still considers Bitcoin Cash a commodity, not a currency. Last Updated December 5, 2018, By Arnold Mcarthy Of EasyMobileCasino.com

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