Cryptocurrency proponents have been a major driving force in asset adoption and they ensure that they utilize the public stage to its optimal capacity. One of the more popular figures in the industry is Roger Ver and he recently announced some major news related to Bitcoin Cash.
In a recent interview, Chief Executive Officer [ CEO ] of Bitcoin.com spoke about updates on Tether and how Bitcoin Cash could become the world’s cryptocurrency.
Ver started by saying that Bitcoin Cash was always made to be fast and reliable as opposed to what he believed Bitcoin had become. In his view, Bitcoin no longer followed the route of its original white paper and was currently slow and cumbersome.
The Bitcoin.com official then went on to reveal the news about Tether on the Bitcoin Cash blockchain. He did not reveal the full details but promised that the network would use the $4 billion Tether market cap. Ver had earlier commented on the usefulness of stablecoins and how people have starting adopting it. He believed that Tether’s tie-up with Bitcoin Cash would pave the way for a faster adoption rate. Ver added:
“Tether’s use case hs surpassed expectations. Because it is linked to the US dollar, some people who talked about the market instability can also be brought in. In some countries like China, people have already started using Tether as cash.”
Roger was confident that the Tether venture would take off despite the counterparty risk that is involved in the process. Bitcoin.com is all set to launch a feature called Cash Fusion that will be tasked with improving the privacy of the Bitcoin Cash network. Ver added that with the latest addition, the BCH blockchain would become as secure as privacy-oriented cryptos such as Monero.
The Cash Fusion feature will be turned on by default on the Bitcoin.com wallet because they believe “fungibility is key in creating a safer environment”.