A New Podcast - Eye on Icon has launched

 Yes, I am serious. No complex software development required. No investments needed. Very fast implementation possible. Bonus: the BCH price will increase too.

Meet Joe. Joe is a devoted user of Bitcoin Cash for many years.

Joe loves BCH. He tips small amounts in Bitcoin Cash over the web & offline, occasionally buys something from the rare vendors & bars who accept Bitcoin Cash in his town.

He also sends some BCH to his girlfriend Natasha - to motivate and convince her as Natasha is still quite skeptical about cryptocurrencies usage in the everyday life.

Joe believes in Bitcoin Cash because of its decentralized nature, privacy protection & low fees. He is sure that sometimes in the future BCH and other cryptocurrencies will surpass traditional (fiat) banknotes & coins.

Meanwhile, Joe`s problem is the present. While he is successful with investing into and holding BCH - so his Bitcoin Cash holdings worth is constantly growing - every time he wants to use his funds to buy something like a new laptop or a pair of sneakers, he needs to:

- exchange Bitcoin Cash for fiat currency;
- withdraw the close-to-exact amount he needs for this particular purchase;
- pay to a vendor;
- exchange the rest of fiat money back into Bitcoin Cash, to make his funds working again.

At every step, Joe spends his time and still a distinct amount of nerves. In most cases, he needs to pay a provision (fee) for exchanging crypto to fiat and then reverse. Furthermore, if the price of goods or services he is buying unexpectedly goes up, or Joe wants to buy some complimentary stuff, he needs to repeat the exchanging process, urgently.

Definitely, Joe is unhappy with that.

This is Natasha. She is Joe`s girlfriend. Despite all Joe’s efforts, Natasha is still skeptical on Bitcoin Cash - for the reason.

When she goes to a local supermarket, she can’t pay for groceries with Bitcoin Cash.

When she eats in a small restaurant near her office, she can’t use BCH coins Joe sent her as well.

Natasha can’t refuel the car at the gas station with Bitcoin Cash.

She knows that Joe made pretty good money on buying, holding, and then selling Bitcoin Cash. But she sincerely thinks that as an instrument of payments - not investments! - Bitcoin Cash is pretty unusable at the moment.

This is David.

David is a Bitcoin Cash hater. Sometimes he posts on Twitter comments like this:

Do not be like David. Be like Joe :).

While he is too rude and aggressive in his statement, David’s opinion has some background. The cryptocurrency he loves with all his heart (see David’s Twitter nickname) is currently more popular than BCH, despite enormously high transaction fees and the fact it’s not a cryptoCURRENCY at all. It’s a cryptoUTILITY or a cryptoSTOCK - not a currency.

But what if we could solve Joe’s & Natasha’s problems with using Bitcoin Cash as a payment tool - and do it fast, with virtually no investments?

What if we could change David’s opinion - with one simple action?

What if you could pay with your Bitcoin Cash in a nearby supermarket, cafe, or barbershop - tomorrow?

What if the price of BCH rises, maybe significantly - as a result of one simple action we did to instantly increase Bitcoin Cash consumer & merchant adoption rate by 10,000%?

You say - IMPOSSIBLE.

I say - realistic, and even quite easy.

This is the instant solution I am talking about:

While this one is a Binance Visa card, there are several similar products available on the crypto market now from other exchanges or services (like Crypto.com etc.).
This card is connected to a Card Wallet of your Binance account - a separate wallet (or wallets of several cryptos - to be precise) where you should move to a part of your crypto funds that you want to be available for card transactions.

Whenever you pay for your lunch, shopping, or taxi drive - your card is billed in fiat currency, at the same time Binance (or another service provider you use) automatically exchanges your crypto into the exact USD, EUR, or whatever currency amount needed to fund the transaction.

The fees and rates with Binance Card in the process of billing & conversion are low & fair - checked many times by the author. Hope other companies maintain the same approach.

So - Joe can use his crypto holdings to buy a new laptop.

So - Natasha can spend BCH to buy meat and vegetables.

So - David can admit that he was wrong, and Bitcoin Cash is not that useless in terms of everyday usage as a payment tool.

Sounds excellent… So where is the problem?

The answer is obvious: Binance does not have a BCH wallet among available card wallets!

It is strange to say at least - as they basically have wallets in BTC (store of value), ETH (stock & utility), BNB (utility), BUSD (stablecoin), EUR (fiat), and SXP (what the hell is it)? So there are no CURRENCIES among cryptos available to connect with Binance Visa Card.

As far as I know, the same situation appears with other wallet-card providers. So to use this feature, I need to sell my BCH, buy something else (BNB in my case) - and hold it in the Card Wallet until I spend it. It is completely OK for me to hold BNB, especially while its price increases every week. But as a Bitcoin Cash proponent (and a little bit more - promise to discover it soon), I would prefer to hold BCH instead.

Imagine if we can change this as well. So instead of selling BCH for BNB, let holders of UNI, SUSHI, AVA, and other tokens buy BCH and hold it in their Card wallets.

This would create additional demand for BCH coins on the major exchanges. The higher demand, the higher price.

All we need is - to convince Binance to add a Bitcoin Cash wallet as one of the Card wallets they maintain.

How to do this? The first way is decentralized: we can all write to their support asking for the matter. I doubt that it will work.

Or we can tweet to @cz_binance hoping he will read (he actually may) and solve the issue.

Or we can opt for a more “centralized” way - so somebody from Bitcoin Cash business development team contacts Binance and other exchanges to convince them. But does this person (Bitcoin Cash BizDev) exist at all?

I honestly do not know how to implement this feature - adding Bitcoin Cash wallet as one of the Card wallets at Binance and other exchanges.

What I definitely know that, if implemented, it will be one of the easiest and the most effective Bitcoin Cash updates - in terms of adoption & usage - possible at the moment.

And it will give a healthy boost to the BCH price.