Microsoft Enables Funding Account With Bitcoin Cash

Updated On Mar 13, 2018 by Cameron Bishop

Microsoft has started allowing users to fund their account using Bitcoin Cash (BCH), in addition to Bitcoin (BTC). It is a positive development for Bitcoin Cash (BCH), which has lost about 75% of its value from the peak price of $4090 recorded in early January. While most of the cryptocurrencies had declined considerably in the past two months, Bitcoin Cash’s decline was steeper than others.

One of the reasons for the decline is a fall in Bitcoin transaction costs from 1,200 Satoshis per bytes to a mere 30 Satoshis per bytes. Bitcoin Cash (BCH) aims to take the place of Bitcoin (BTC) with faster transaction time and lower cost. The arrival of SegWit facility and the rise in the number of nodes supporting Lightning transaction to about 1,000 in Bitcoin mainnet is having a negative impact on Bitcoin Cash.

So, the acceptance of Bitcoin Cash (BCH) for funding the Microsoft account is a welcome step for its vehement supporters. Notably, Microsoft depends on the payment processor BitPay for processing cryptocurrency payments. BitPay had recently started supporting Bitcoin Cash (BCH) in addition to Bitcoin (BTC). So, to a certain extent, the acceptance of Bitcoin Cash by Microsoft is a logical development of BitPay’s extension of support to the cryptocurrency.

Cameron works tirelessly behind the scenes ensuring his many US news stories are factual, informative and brought to you in a timely fashion before most other media outlets have them. He is an investigative journalist at heart who also has a fond interest in the money and business markets too.

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