Bitcoin Cash (BCH) Now Taken by Elipay as It Allows Purchases in Slovenia’s Top Grocery Chain

  • Yuri Molchan
    📰 News

    Bitcoin Cash can now be used to buy over 20,000 products in Slovenia by locals and tourists


Bitcoin Cash (BCH) Now Taken by Elipay as It Allows Purchases in Slovenia’s Top Grocery Chain

The fifth biggest crypto asset on the CoinMarketCap reference website, Bitcoin Cash (BCH), actively supported by Roger Ver, a former eager Bitcoin proponent, now receives more momentum for adoption.

The Elipay, with headquarters located in Slovenia, wallet app for shopping now allows users to pay for food products in Slovenia’s top food store chain, Tuš, in BCH. The assortment that can be purchased for crypto totals 20,000.

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Elipay partners with Bitcoin Cash, raising BCH adoption

The official maker of Elipay, Eligma, has said in a blog post that grocery purchases are now entering a ‘crypto dimension’ as Bitcoin Cash has come to Slovenia via Elipay.

The economy of Slovenia, as well as that of Croatia, which is located nearby, lives off tourists to an extensive degree, and this is one of the reasons why crypto adoption in these countries has been proceeding at a higher pace than in others.

Numerous bars, brick-and-mortar stores, event venues, etc, collaborate with Elipay, including the top food store chain Tuš, allowing customers to pay with BCH now.

The Bitcoin Cash community took this news eagerly, believing that this move may spur faster adoption for daily use of crypto in other regions on the globe.

Elipay works via the Point-of-Sale system and can be used at over 100 locations in Slovenia. Apart from Bitcoin Cash, the app uses BTC, ETH and its own ELI token.

Cover image via u.today
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About the author

Yuri has worked in crypto since 2017. A translator, quickly became a crypto enthusiast. He has worked for several Telegram channels covering cryptocurrencies. Currently is a news writer, covering crypto and blockchain-related topics.

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Wall Street Is Extremely Bullish on Facebook’s Cryptocurrency  


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Contents

Social media juggernaut Facebook is about to launch its Libra cryptocurrency, which, as expected, is currently on everyone’s lips.

According to a recent CNBC report, financial analysts appear to be on the same page when it comes to bullish Facebook predictions.   

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The talk of the town

There is a schism in the cryptocurrency community concerning Facebook’s foray into crypto. While some think that Facebook undermines Satoshi Nakamoto’s vision of a decentralized cryptocurrency, prominent influencers, including Mike Novogratz and Anthony Pompliano, look at the bright side.

On the flip side, major Wall Street players seem to agree that Facebook’s stock will see plenty of love once the company unveils its much-talked-about crypto project.

SunTrust, MoffettNathanson, Bank of America stick with a “buy” rating on Facebook.

MoffettNathanson goes as far as claiming that the Mark Zuckerberg-led company aims to become the biggest e-commerce platform on the planet.

We believe a Facebook cryptocurrency-based payments system could be especially useful in countries with high inflation/unstable banking systems and for cross-country remittances. So, Facebook’s commerce ambitions do not appear to be limited to developed markets. Rather, Facebook has its eyes set on becoming the world’s leading ecommerce platform as well.”

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Not the right company?  

As reported by U.Today, Facebook joined forces with VISA, Paypal, and a slew of other startups that became part of the Libra consortium for a whopping $10 mln fee.

The company itself remains radio silent about its crypto ambitions, but there have been countless reports on that topic since December.

We are about to see a fiat-pegged stablecoin that will be integrated into Facebook, Instagram, and WhatsApp.

After being plagued with huge data scandals, Facebook will probably have a hard time convincing regulators to green-light its new cryptocurrency. Hence, it might be a promising idea, but not the right company to pull it off.

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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