The first merchant to accept BBC payments appeared in Australia. Is BCC starting to recover?

Bitcoin Cash (BCC) has only been around for a few days, so although it is also a Bitcoin-based cryptocurrency, there are almost no merchants that accept this currency for payment. However, an Australian company called Living Room of Satoshi currently accepts BCC payments. This is the first major company in the industry to accept BCC payments.

According to data from OKEx, the world's leading digital asset trading platform, Bitcoin Cash to Bitcoin (BCC/BTC) opened at 0.091000 today. In the previous trading day, the intraday increase was -12.29% as of 24:00, with a maximum amplitude of 18.48%. Bitcoin (BTC) opened at 22171.00 today. In the previous trading day, the intraday increase was -1.72% as of 24:00, with a maximum amplitude of 6.56%.

OKEx analysts said that overnight prices continued to run below the rising trend line. After a period of sideways consolidation, they finally chose to break downwards, and the price tested the support line of 0.087727 below. For the future market trend, we must pay close attention to the support position (0.87727) in the chart, which will become the watershed between long and short in the near future.

Above the support line, bulls are dominant, so it is better to go long than short. Below the support line, bears are dominant, so it is better to go short than long. A golden cross is formed near 20 of the KDJ indicator, indicating that the market may rebound or go sideways, and the indicator should be repaired. And the current price is above the support line, and it is predicted that a rebound will occur near the support line.

At present, most companies are still in the wait-and-see stage, waiting for the BCC network to stabilize. Therefore, there are only a few companies that accept BCC payments, and only GPUShack is the first company to accept it. Therefore, the addition of LRoS is of great significance to BCC.

It seems that some users have already used this service to pay. A Reddit user claimed that he used this service to pay for his car registration with BCC. From this, it seems that although the long-term goal of BCC shopping and payment is still far away, it may not be impossible to achieve it in the future.

The much lower transaction fee compared to Bitcoin may be one of BCC’s current advantages. If LRoS’s BCC payment service proves to be flawless, more companies may be willing to accept BCC payments.

Although the price of BCC has fallen recently, on the other hand, the development is stable. Although its specific development cannot be determined yet, the prospects seem good.