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Cryptocurrency News Articles

Give Crypto A Chance: Inside Paytaca's Expanding Bitcoin Cash Adoption Map

Aug 25, 2024 at 09:00 am

Over 80 merchants in the Philippines, plus one in Hong Kong, now accept Bitcoin Cash ($BCH) payments via Paytaca's point-of-sale (POS) app

Give Crypto A Chance: Inside Paytaca's Expanding Bitcoin Cash Adoption Map

Over 80 merchants in the Philippines, and one in Hong Kong, now accept Bitcoin Cash ($BCH) payments via Paytaca’s point-of-sale (POS) app, without using custodial services or intermediaries, said the online payment system’s CEO Joemar Taganna in an interview with BitPinas.

Customers use the Paytaca wallet app to make BCH payments directly to merchants. The peer-to-peer nature of these transactions cuts out intermediaries, lowering costs and enabling significant savings.

In an interview with Paytaca CEO Joemar Taganna, he shared initiatives and updates on the adoption of Bitcoin Cash for merchant payments in the Philippines and Hong Kong.

“Give crypto a chance; try out (and) download Paytaca. For those who are into trading, try out Bitcoin Cash.

If you are the type of person who HODL, you can hold your Bitcoin Cash in the wallet and let it stay there. Let it gain value because there is an upcoming bull run, hopefully. So, if you accumulate a lot of Bitcoin cash and you see huge gains, the good news for you is that you can spend your gains directly on our merchant networks.”

Paytaca Merchant Partners:

Tacloban City, Philippines

Ormoc City, Philippines

Cebu City, Philippines

Palo, Leyte, Philippines

Tanauan, Leyte, Philippines

Dulag, Leyte, Philippines

Alangalang, Leyte, Philippines

Lapu-Lapu City, Philippines

Minglanilla, Cebu, Philippines

Hong Kong, Hong KongThis move highlights the potential of cryptocurrencies like BCH to challenge traditional payment systems by offering a more efficient and cost-effective alternative.

The team plans to continue expanding across the Philippines and beyond, with the goal of making BCH a common payment method.

News source:bitpinas.com

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