RATE Group | Australia Crypto Merchant Trade Sets $74K Monthly Record With BCH Capturing 97%
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Australia Crypto Merchant Trade Sets $74K Monthly Record With BCH Capturing 97%

05 Mar Australia Crypto Merchant Trade Sets $74K Monthly Record With BCH Capturing 97%

Posted at 01:39h in Cryptocurrency News by

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Australia Crypto Merchant Trade Sets $74K Monthly Record With BCH Capturing 97%

Cryptocurrency payments in Australia, which have been growing in volume in the past few years, have recently scored another record. Crypto-based merchant trade across the country reached almost $74,000 in February according to a new report. Bitcoin cash has by far the largest share in retail crypto spending and transactions among coins accepted by Australian businesses.

Also read: Australian Court Accepts Cryptocurrency Exchange Account as Security for Legal Costs

Bitcoin Cash Accounts for 97% of Retail Cryptocurrency Spending in Australia

Part of a series of regular monthly surveys, the new edition of Bitcoinbch.com’s Cryptocurrency Expenditure at Retail Businesses report highlights the importance of merchant adoption for any cryptocurrency designed to become a global electronic cash system. The study examines how bitcoin cash (BCH) and other leading cryptocurrencies perform in terms of spending at physical merchants in Australia.

According to the…

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