Many cryptocurrencies were developed with the example and inspiration of Bitcoin. By comparison, Bitcoin Cash (BCH) was created by forking the Bitcoin and taking back the basic qualities of money inherent in the original Bitcoin software. The BCH fork was also the result of a split in Bitcoin developers' views on high transaction fees, censorship, and economic theory concerns about the need for full blocks
Bitcoin Cash has grown across the globe and enjoys support from a large community since it was officially released to the public on the 1st August 2017. As of the 6th May 2020, on Coinmarketcap.com, Bitcoin Cash was ranked fifth, with a market capitalization of U$4.49 billion.
Many eCommerce sites continue to face problems related to accepting cash such as high fees, etc. As a result, merchants now opt for or incorporate cryptocurrencies such as Bitcoin Cash, as a payment form. In addition to merchants, Bitcoin Cash is also being used for gaming, publishing, micro-transactions, and other online payments
The Primereum online marketplace, the first 100% crypto-based eCommerce platform, has also chosen the Bitcoin Cash (BCH) as one of the coins to be accepted on its platform
Who is Primereum?
Primereum is a decentralized ecosystem offering a broad variety of products, including payment systems, point-of-sale systems, and an online marketplace. Primereum uses blockchain technology to provide gateways and new, modern, innovative forms of payment. The Primereum ecosystem is also driven by its flagship and stable utility token, the Primereum Fuel (PMF), which is anchored to 1 gram of gold. Bitcoin Cash is among the 30 other cryptocurrencies chosen for use on the Primereum platform
How Can the Bitcoin Cash Community Benefit from Using Primereum?
Primereum offers a transparent and shared economy that uses cryptocurrencies such as Bitcoin Cash to connect buyers, sellers, affiliates, bounty hunters, business owners, partners, and advertisers. The company's ecosystem also aims to allow its customers to have the free flow of value transfer using a peer-to-peer business model
Bitcoin Cash customers can use their coins to purchase the PMF tokens through the Fuel store, which can be used for all our platform services such as, the Marketplace, Wishlist And Remittance system. With the PMF tokens, customers can purchase products on the marketplace and exchange with other members. Additionally, the Wishlist system allows a customer to list a product they want to be purchased on their behalf, in exchange for the PMF token. When a product buyer chooses to purchase the item from the Wishlist, the balance of the PMF tokens offered by the customer interested in buying the product will be kept in the Escrow system. The marketplace will also include competitive affiliate and bounty programs that will provide attractive incentives for the engagement and promotion of the Primereum ecosystem.
PRIMEREUM is a simple and versatile way to use your Bitcoin Cash and shop online. If you’re part of the Bitcoin Cash community, don’t miss this chance.
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Medium: @Primereum Official
Bitcoin Cash is a cryptocurrency. In mid-2017, a group of developers wanting to increase bitcoin's block size limit prepared a code change. The change, called a hard fork, took effect on 1 August 2017. As a result, the bitcoin ledger called the blockchain and the cryptocurrency split in two.