London Block Exchange lists Bitcoin Cash

London Block Exchange lists Bitcoin Cash, Ethereum Classic on its platform

BCH and ETC pairings with GBP and BTC are now on the menu.

London Block Exchange (LBX)—the UK’s first dedicated cryptocurrency exchange has added Bitcoin Cash (BCH) and Ethereum Classic (ETC) to their platform. It can be noted that both cryptocurrencies forked away from their legacy chains (BTC and ETH, respectively) in retaliation from what were seen as violations of the original visions behind them.

Yesterday, the exchange announced that they now support GBP (Great British Pounds) and BCH pairs, as well as Ethereum Classic (ETC). BCH and ETC to BTC pairs are also on the menu. This would supposedly set them apart, as these pairings are uncommon in the market.

“This means that not only are we the sole operator in the market to offer UK onshore banking, but we are also one of the only exchanges in the world to offer a GBP pairing for Bitcoin Cash and Ethereum Classic,” the exchange wrote on their website.

LBX CEO and founder Benjamin Dives says they plan to add more cryptoassets depending on what the community wants.

“As we open our doors to UK crypto enthusiasts, we’re listening and acting on what the community wants – and that’s an array of good quality coin options to trade; all backed by a reliable, comprehensive and user-friendly service that they can trust,” Dives says.

nChain CEO Jimmy Nguyen applauds the move, saying in a press release:

“The decision to list Bitcoin Cash shows that the London Block Exchange is listening to the market. Bitcoin Cash is the future. With faster transaction times, lower transaction fees and greater security, Bitcoin Cash represents the true vision of a peer-to-peer electronic cash system.”

Bitcoin Cash is gearing up for massive upgrades on May 15, including a 32Mb block size upgrade and the resurrection of certain OP_Codes that would enable smart contracts and tokenization on the blockchain—something Ethereum currently holds dominance over. Nguyen predicts massive growth for BCH, and a decline for others as it overtakes.

“This move highlights the potential of Bitcoin Cash as the one true all-in-one coin, which can do what all other cryptocurrencies and blockchains claim to do. We expect investor demand for Bitcoin Cash to grow, while demand for legacy Bitcoin Core (BTC) and other cryptocurrencies declines,” Nguyen says.

“A protocol upgrade will occur on May 15, and this will further improve the Bitcoin Cash network. At this point, the BCH block size will increase from 8MB to 32MB, which will significantly increase throughput capacity to handle transactions, as well as keeping transaction fees very low as network usage grows. This protocol upgrade will also restore certain OP_Codes in the Bitcoin scripting language, and enable smart contract and tokenisation solutions on the BCH network.”

Nguyen says the upcoming May 15 upgrade is just the beginning, as Bitcoin Cash prepares for even more massive scaling.

“After this May 2018 upgrade, expect more steps toward massive on-chain scaling of the Bitcoin Cash network. We envision a future with massive block of 1 gigabyte (1000 MBs), and even 1 terabyte (1 million MBs), to achieve a powerful BCH data network that will re-invent how global business is done,” Nguyen says.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.

New Visa prepaid card lets you swipe and pay using your cryptocoins

For a 0.5% fee, the card lets you debit purchases directly from your LBX cryptocoin balance.

As banks and financial institutions worldwide are getting in on the blockchain trend—including archrival Mastercard—Visa isn’t taking the race lying down. Created by the London Block Exchange (LBX), a UK-based startup offering a cryptocurrency wallet and exchange, the Visa card—called Dragoncard—will enable users to swipe and easily spend their cryptocoins like cash for purchases within the UK. The service will be available in the coming weeks.

Although the system uses cryptocurrencies to fund purchases, merchants receive payments in pound sterling. The card will be linked to users’ LBX wallets and will charge a 0.5% fee to convert their cryptocoins into British pounds through their exchange. The card currently supports Bitcoin SegWit Core (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Monero (XMR). Pre-registration is now open but users will have to wait until December 4 to use the card.

In a statement, LBX CEO and founder Ben Dives talked about hindrances investors face when trying to get into the cryptocurrency trade in London, and how they will circumvent such difficulties.

“Despite being the financial capital of the world, London is a difficult place for investors to enter and trade in the cryptocurrency market. We’ll bring it into the mainstream by removing the barriers to access, and by helping people understand and have confidence in what we believe is the future of money.”

By buying user’s coins themselves through their own exchange and flipping them into pounds, LBX circumvents the problem with unstable block confirmation times, especially with the BTC blockchain—where currently over 40,000 unconfirmed transactions are on queue as of writing.

As blockchains threaten to render current financial institutions obsolete, a wave of funding has been thrown around in the industry for blockchain research and development. LBX was able to amass a £2 million funding. ICO’s left and right have also been popping up, hoping to cash in on the trend.

New Visa prepaid card lets you swipe and pay using your cryptocoins

For a 0.5% fee, the card lets you debit purchases directly from your LBX cryptocoin balance.

As banks and financial institutions worldwide are getting in on the blockchain trend—including archrival Mastercard—Visa isn’t taking the race lying down. Created by the London Block Exchange (LBX), a UK-based startup offering a cryptocurrency wallet and exchange, the Visa card—called Dragoncard—will enable users to swipe and easily spend their cryptocoins like cash for purchases within the UK. The service will be available in the coming weeks.

Although the system uses cryptocurrencies to fund purchases, merchants receive payments in pound sterling. The card will be linked to users’ LBX wallets and will charge a 0.5% fee to convert their cryptocoins into British pounds through their exchange. The card currently supports Bitcoin SegWit Core (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Monero (XMR). Pre-registration is now open but users will have to wait until December 4 to use the card.

In a statement, LBX CEO and founder Ben Dives talked about hindrances investors face when trying to get into the cryptocurrency trade in London, and how they will circumvent such difficulties.

“Despite being the financial capital of the world, London is a difficult place for investors to enter and trade in the cryptocurrency market. We’ll bring it into the mainstream by removing the barriers to access, and by helping people understand and have confidence in what we believe is the future of money.”

By buying user’s coins themselves through their own exchange and flipping them into pounds, LBX circumvents the problem with unstable block confirmation times, especially with the BTC blockchain—where currently over 40,000 unconfirmed transactions are on queue as of writing.

As blockchains threaten to render current financial institutions obsolete, a wave of funding has been thrown around in the industry for blockchain research and development. LBX was able to amass a £2 million funding. ICO’s left and right have also been popping up, hoping to cash in on the trend.