Just recently news.Bitcoin.com reported on a new Bitcoin cash (BCH) centric wallet referred to as Cashpay. The wallet launched last June and permits any user to buy something online using BCH. This week the development team has added a new feature referred to as ‘Spend and Replace’ a wallet function that replaces BCH with a BCH buy order from Coinbase whenever the cryptocurrency is spent.
Cashpay permits Users to switch the Bitcoin cash They spend
During the first week of June, we reported on a new bitcoin cash wallet application referred to as Cashpay. The mobile app that’s on the market for android and iOS was launched by the Cryptonize.it team. Cashpay has a few features that different crypto light clients don’t give like the ability to donate to certain charitable causes with bitcoin cash. Further, the wallet permits users to buy any item on-line through any businessperson using BCH. currently the wallet makes it possible for users to exchange the BCH they spend with a new feature referred to as ‘Spend and Replace.’
“It’s finally here — spend and Replace is enabled on the cashpay wallet making it possible replace the Bitcoin Cash you spend,” explains the Cashpay development team.
"Spend and Replace works as follows: You connect your Coinbase account with Cashpay and enable Spend and Replace in the wallet you want to use. Every time you spent an X amount of Bitcoin Cash, the same amount of Bitcoin Cash (minus Coinbase fees) will be bought on your Coinbase account using the fiat available in your account."
Hodlers can currently Purchase That coveted coffee
The pay and replace protocol could be a initial of its kind type of app that permits bitcoin cash users to do what they do best and that means spending BCH. Bitcoin cash proponents on forums appeared to just like the idea of a wallet that allows individuals to spend their BCH on a cup of Starbucks coffee and replace the cryptocurrency spent with a Coinbase purchase. The Cashpay development team has also published a video walkthrough that shows individuals how to use the pay and replace feature.
Cashpay also explains that for users who have the spend and Replace feature enabled but don’t have fiat available, Coinbase will select the next available funding method like a debit card or bank account. Coinbase fees will apply as well thus you will get slightly less BCH than you originally spent.
EmoticonEmoticon