The cryptocurrency exchange and exchange service turned to Bitcoin Cash as an alternative for users looking to exchange the altcoin for fiat money, the bitcoin-accepting company announced Wednesday.
The exchange, which is now open for business, lets customers exchange bitcoin for cash in two options: bitcoin for US dollars or bitcoin for a bank transfer.
It will continue to accept bitcoin, but users are encouraged to move their fiat money to other platforms in the future.
The company has a “zero tolerance” policy against illegal activity, according to the company.
Bitcoin Cash is a new altcoin that has gained traction on exchanges, including Coinbase, due to its strong network effect and the fact that it can be traded without any middlemen.
It has gained popularity on exchanges because of its anonymity, which has allowed people to anonymously purchase and sell it, and its ease of use.
A major challenge for the altcoins market is how to make it more appealing to users.
The bitcoin network has proven resilient to major attacks such as a 51% attack in 2017, which caused bitcoin’s price to plunge.
“We have been trying to find ways to make this more convenient for users.
We have a very clear vision of how this should be done,” Adam Lerner, CEO of Bitfinex, said in a statement.
The exchange has also partnered with Binance, an exchange that offers bitcoin-related services.
The new exchange has about 70,000 users, including banks, credit card companies, and others.
The service is still in beta, but it will launch in March, and will be open to anyone who wants to exchange their bitcoin for fiat.