19 mins ago |
By Jamie Redman – |
Users Can Now Store and Exchange Bitcoin Cash Via the Blockchain Wallet
On October 11 the cryptocurrency based multi-service provider, Blockchain, announced the company is now allowing access to Bitcoin Cash using the company’s wallet service.
The Cryptocurrency Wallet Provider Blockchain Adds Bitcoin Cash Support
Blockchain, the popular cryptocurrency wallet and block explorer service created in August 2011, has revealed users can now access Bitcoin Cash (BCH) through the firm’s wallet. The company who provides over 17.5M bitcoin wallets initially announced BCH support back in August. Blockchain said at the time it would be monitoring the BCH blockchain for a few weeks, and the startup’s previous statements also stated that it would only provide “limited access” to BCH funds. The London-based wallet provider now states:
We’re excited to share that, as of today, any user who had a bitcoin balance in their Blockchain wallet when the fork activated, will be able to access the same amount in BCH.
Non-Custodial Access to Bitcoin Cash
Blockchain also details users can “store, exchange, and send” BCH funds by switching their preferences in the wallet’s general settings tab. The company says in the future Blockchain may add expanded support for the decentralized currency. Blockchain just recently raised $40M from well-known investors, and CEO Peter Smith told news.Bitcoin.com about the company’s growth and plans for expansion. Alongside this, the wallet has also integrated the cryptocurrency ethereum and users can toggle between both of those cryptocurrencies as well. Blockchain details users can be confident they also maintain full non-custodial access to their Bitcoin Cash reserves.
“If you choose to continue to store your BCH, you’ll still retain full, exclusive access to these funds, which will always be accessible with your recovery phrase,” Blockchain adds.