A New Stablecoin Proposed Which Is Backed By Bitcoin

It`s no mystery that there are loads of latest stablecoins available in the marketplace today, with extra being delivered each day. However, one new stablecoin is taking its balance severely and has been proposed with the aid of using the founding father of the first-ever bitcoin ATM.

The new stablecoin is known as Bitcoin Cash Plus, and it is subsidized with the aid of using Bitcoin Cash (BCH). The coin might be used to shop for and promote items and offerings in alternate for fiat currencies, which include USD, EUR and JPY.

The concept at the back of this new coin is to offer an opportunity to standard banking structures which have failed us in latest years. By the use of BCH as a stablecoin, customers will now no longer ought to depend on third-celebration provider vendors like Coinbase or Bitpay to address their transactions; instead, they could use BCH at once thru their wallets.