Analysts blockchain startup Chainalysis conducted an analysis of turnovers of the largest cryptocurrency payment services and found a significant reduction in the volume of payments in the cryptocurrency Bitcoin Cash. It is reported Bloomberg.
“Fewer users of Bitcoin Cash, and holders”, — said a senior economist Chainalysis Kim Greer.
Since the beginning of this year the price of Bitcoin Cash fell by approximately 75%. However, this cryptocurrency remains one of the largest. Thus, according to CoinMarketCap, it occupies the fourth place ranking, and the market capitalization of BCH is $9 billion, the Weighted average price of the coins at the time of publication is approximately $520.
After the analysis of turnovers of the 17 largest cryptocurrency payment processors, including BitPay, and GoCoin Coinify, it was found that the volume of payments in the digital currency Bitcoin Cash (BCH) have decreased significantly. In March, the turnover of the Bitcoin Cash was $10.5 million, in may it decreased to $3.7 million.
According to Greer, another reason for the low Bitcoin adoption Cash in e-Commerce is “concentrated ownership” tokens. It is reported that more than half of the proposals of this cryptocurrency is 67 wallets. While only two of the wallet stored from 10 to 100 thousand BCH.
We will remind that earlier study Chainalysis showed a marked decline in the use of bitcoin in e-Commerce.
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