RATE Group | Bitcoin Cash Captured More Than 10% of Darknet Sales Last Month
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Bitcoin Cash Captured More Than 10% of Darknet Sales Last Month

12 Feb Bitcoin Cash Captured More Than 10% of Darknet Sales Last Month

Posted at 05:03h in Bitcoin News by

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Bitcoin Cash Captured More Than 10% of Darknet Sales Last Month

2019 was an interesting year for darknet markets (DNMs) and a number of marketplaces closed for a variety of reasons. Despite the closures, crypto payments on DNMs doubled for the first time in five years. Moreover, statistics from the blockchain analytics provider 1000x Group show digital currencies like bitcoin cash (BCH) have joined BTC’s dominant role within the deep web.

Also Read: BCH Merchant Directories Now List 4,300 Bitcoin Cash-Accepting Businesses

1000x Group Data Shows An Uptick of Bitcoin Cash Used for Darknet Sales

There’s been a number of reports on DNM usage last year and action on the invisible web continues to be interesting in 2020 as well. Just recently, the blockchain surveillance firm Chainalysis published a report that showed DNM payments doubled for the first time since 2015. Not only did the value of BTC sent to DNMs increased by 70%, but Chainalysis also noted that DNMs will likely accept cryptos with a focus on privacy…

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