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How to Celebrate Bitcoin Pizza Day with Bitcoin Cash

Bitcoin enthusiasts will be aware of how Bitcoin Pizza Day is almost upon us. Until this year, there was only one way to celebrate this unofficial holiday: order a pizza, pay with Bitcoin, and enjoy. This year, however, we will also see Bitcoin Cash Pizza Day. It is a bit more difficult to find merchants accepting BCH, but that is where the BCHPizza website will prove to be a valuable resource.

BCHPizza is an Interesting Project

Even though people all over the world have celebrated Bitcoin Pizza Day for many years now, it is not necessarily easy to find merchants that accept Bitcoin payments these days. The world’s leading cryptocurrency has lost a fair amount of appeal in this regard, but it is still possible to use websites such as Takeaway.com for this purpose.

For cryptocurrency enthusiasts who wish to celebrate Bitcoin Pizza Day with Bitcoin Cash, the situation becomes a bit more complicated. Thankfully, a dedicated directory has been created to keep track of places accepting Bitcoin Cash payments in exchange for pizza.

There is also an incentive offered by the platform. Anyone can post a Bitcoin Cash bounty to get a certain pizza shop in a particular city to accept BCH as payment. As soon as the location officially enables BCH payments, the individual responsible can claim the bounty. Getting such businesses to stick with Bitcoin Cash will be rather challenging, as Bitcoin has seen similar struggles in this regard. Even so, it is an interesting initiative which will certainly be appreciated by community members.

So far, the website lists various locations throughout the US, Canada, Europe, Central and South America, and elsewhere. It is evident that a lot of businesses are rather interested in supporting Bitcoin Cash payments, although those locations are rather spread out, especially in Europe. There is a surprising number of businesses in Venezuela, Mexico, and Israel which will sell you pizza in exchange for Bitcoin Cash.

All of this goes to show that acceptance of Bitcoin Cash is growing steadily. Although buying pizzas with BCH is not necessarily the use case that will make this altcoin go mainstream anytime soon, it indicates that things are evolving in the right direction. There is still a lot of work to be done before Bitcoin Cash can rival Bitcoin, but at least users will be able to celebrate Bitcoin Pizza Day with their preferred version of Bitcoin.

While no one will deny that Bitcoin Cash is a very successful and popular altcoin, there is still plenty of work to be done. Celebrating Bitcoin Cash Pizza Day may become a trend in the near future, which can only be considered a good thing. Bringing cryptocurrency enthusiasts together during events like these is what crypto is all about.

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Factom Seems Keen to Enter the Stablecoin Market

It is safe to say the cryptocurrency industry has seen its fair share of stablecoins already. This market is open to competitors, although nearly 10 different offerings exist already. Even so, the Factom team is confident they can add at least one more competitor to the mix. Their unique stablecoin implementation will be presented later this month. Factom has Bold Plans Every venture pertaining to blockchain and cryptocurrency is worth paying attention to these days. Although things may be a bit different in the world of stablecoins, the new venture by Factom will still get quite a bit of attention. The team claims they have built a new implementation which might help shape the future of stablecoins altogether. Not too much is known about Factom’s exact plans. The team alluded to such a project in a recent blog post, although no real specifications were provided at this time. Instead, they only touch upon what makes stablecoins so peculiar, and why there is a need for more competition in this department. It is certainly true that more of these coins can bring more people to cryptocurrency over the years. In the normal world, a stablecoin is pegged to a physical asset. This can be fiat currency, as well as precious metals, natural resources, and so forth. To date, most stablecoins in the cryptocurrency world have been tied to the US Dollar. The only notable exception in this regard is Venezuela’s Petro, though that currency faces a lot of backlash for entirely different reasons. The lack of transparency associated with that venture is one of the key concerns right now. Based on the current modeling and research conducted by Factom, the team is confident their approach can be successful. However, no one should expect Factom-based stablecoin to come to market in the near future. Additional research and testing are needed prior to effectively commercializing such a technology. An initial demonstration of the concept will be presented during the Texas Bitcoin Conference in late October. The bigger question is what Factom will try to achieve exactly. With major companies such as Gemini and Circle issuing their own dollar-pegged currencies as of late, the stablecoin market seems to be on the brink of oversaturation. Factom’s venture will primarily focus on on-chain auditability, which is something most other projects and offerings do not provide at this time. Some positive competition in this regard can be quite beneficial to everyone. For the time being, it remains to be seen how the cryptocurrency community will respond to this new offering. While one can understand any company wants to get in on the stablecoin action right now, it is not a market which requires an abundance of competition either. Cryptocurrency needs more fiat currency onramps, rather than adding more intermediaries to the ecosystem. It will be interesting to see what Factom plans to do exactly, as this announcement leaves a lot of room for speculation. The post Factom Seems Keen to Enter the Stablecoin Market appeared first on NullTX.

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