Convert BCH to USD

The coin appeared as a consequence of the Bitcoin hard fork, which split it into two separate networks. Bitcoin remained the same, and a new cryptocurrency, Bitcoin Cash, got added. 

The reason this happened was that the BTC community could not come to a single decision on the Bitcoin network's scalability. In 2017, considering the growing number of users, the BTC network increasingly experienced problems and transaction delays. The basic block amount in the Bitcoin network (1 MB) did not allow such a large transaction number to be processed and executed at once. Therefore, the SegWit (Segregated Witness) technology was suggested, enabling information to be removed from blocks, thereby freeing up space in the blocks for new transaction records. 

Part of the community felt that this decision ran counter to Bitcoin creator Satoshi Nakamoto's idea for his project. Consequently, it decided to make a hard fork and create a separate independent Bitcoin Cash blockchain, and all BTC holders could get an equal number of coins if they wanted, but in the new currency BCH in a 1:1 ratio. 

Thus, the Bitcoin Cash creation solved the problem of bandwidth and transaction processing speed in the network. 

Primarily, BCH creation solves the problem of scalability. At the time of the Bitcoin Cash network's creation, its block size increased from 1 MB to 8 MB. This made it possible to process more transactions per second while keeping fees low and solving the delay problem. Later, the Bitcoin Cash block size increased to 32 MB. Meanwhile, the size of the BTC block is still 1 MB. 

Furthermore, the currency's perception among users differs. BTC is considered a digital version of gold and suits for asset storage or a long-term investment. Bitcoin's low transaction processing speed and high fees make it unsuitable for everyday payment instruments.

Bitcoin Cash, instead, is perfectly acceptable as an alternative to fiat money to pay for goods and services. Minimal fees and almost instantaneous transactions make BCH a handy cryptocurrency wallet. 

Currently, any cryptocurrency depends on BTC somehow or other. Despite the seemingly successful hard fork and the idea of Bitcoin Cash development as an independent crypto, it is still in the BTC's shadow. If you compare the exchange rate charts of these two currencies, you will see that BCH almost always and completely copies the BTC movement. This is because Bitcoin remains the leading cryptocurrency in the global community, while cryptocurrency's role for most users is not as a payment method but as a way to store assets safely. 

However, trust in crypto is growing, and more businesses are accepting payments in cryptocurrencies. Therefore, Bitcoin Cash still has a chance to fulfill its potential as a comfortable and cheap analog of fiat money. 

To safely store and transfer BCH, use PassimPay. Multi-level protection systems, 2FA, email confirmation, and a master key will ensure your funds' security during storage. 

PassimPay can be used as a cryptocurrency wallet and a business solution by integrating the system as one of the payment methods. 

You can easily send BCH or any other cryptocurrency to another person using PassimPay. To do this, you need to:

1. Indicate the address of the Bitcoin Cash wallet.
2. Enter the transfer amount. 
3. Confirm the transaction using the 2FA application or email. 

For business account holders, there are specific settings containing automatic payouts, payment templates, and whitelists. 

More than that, on PassimPay, you can easily convert BCH into over 45 currencies and coins. Fast, safe, and with low fees. 

Detailed guides on how to buy BCT (Bitcoin Cash), deposit, or withdraw money using PassimPay can be found on the "Instructions" page.