Bitcoin Cash (also known as BCH) is a digital payment (cryptocurrency) that was forked (separated) in 2017 from Bitcoin. Like Bitcoin, Bitcoin Cash proposes a virtual transaction where money could be exchanged without then need for an intermediary. Fixing in the process different issues that the Bitcoin network has yet to fix. Network bottleneck and transaction fees.
In 2017, BCH was forked from Bitcoin by some miners and developers due to concern that SegWit2x would impact the decentralization and democratization of the currency. Bitcoin Cash, like Bitcoin has its own blockchain but with new specifications.
Bitcoin Cash has implemented an increased block size of 8MB to include more transactions, hence fixing the network bottleneck and transaction fees. In 2018, the block size was changed again to 32MB, but due to low transactions the block size remained a small fraction of 32MB block size.
Why should you accept Bitcoin Cash payments?
Litepay.ch allows you to accept payments on your website using the most popular crypto currencies, including Bitcoin Cash (BCH).
To integrate our payment gateway on your site, you can choose:
Since we're dealing only in crypto, verification is not required.