Online gambling operator Bovada is now accepting the Bitcoin Cash (BCH) cryptocurrency as a deposit option, heralding the growing shift toward viewing Bitcoin Cash as the only Bitcoin that matters.
Recently, the Bovada betting site announced that it had begun allowing customers to deposit funds via the BCH currency, the latest move in the accelerating adoption of BCH as the preferred Bitcoin variant due to its lower transaction fees and speedier processing times.
Online gambling sites, always on the lookout for dependable payment processing methods, were early adopters of Bitcoin and thus played a pivotal role in boosting Bitcoin’s public profile. The fact that sites like Bovada are now embracing BCH is further evidence that rival Bitcoin technologies like Segwit will eventually be relegated to mere footnotes in cryptocurrency history.
Since last week’s announcement that the planned Segwit2x hard fork was being cancelled due to lack of support from the greater Bitcoin community, the volume of BCH transactions has soared. In turn, this has boosted the value of BCH itself, while the ‘classic’ Bitcoin BTC has seen its value fall.