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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.


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.

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

According to the latest numbers, total cryptocurrency trade has increased in February 2020, reaching a volume of $73,769.41, up from $44,087.57 in January. Bitcoin cash usage expanded last month to a record proportion of 97.01% of all merchant trade covered in the study, up from 90% in October and 93% in November respectively. BCH accounts for over $71,500 of the quoted monthly spending volume. Read More...

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