OpenBazaar (OB1), the decentralised marketplace, now allows visitors to use Bitcoin Cash, the Bitcoin currency that broke off from the Bitcoin blockchain in 2017, for payments.
\r\nBitcoin Cash was created in response to the slow transaction times experienced with the original Bitcoin, and was developed with the aim of increasing the number of transactions that can be successfully processed, in order to rival the likes of Paypal and Visa, which support a high number of transactions. The company also now supports Zcash, following their new version-2.1 release.
\r\nOpenBazaar came into being in 2014. At a recent Token Event, the company announced that it had plans in the works to create its own token, after lending its support to other networks.
\r\nCEO Brian Hoffman said that the company was first created in order to utilise Bitcoin transactions, as Bitcoin was the most popular and powerful cryptocurrency of the time. Since 2014, Hoffman points out that several other cryptocurrencies have been developed that have a variety of different uses. As such, he notes that choice is key to those who seek to use OpenBazaar in order to buy and sell using crypto.
\r\nOpenBazaar has experienced incredible success on the crypto scene, and has the backing of several VC firms, including Andreessen Horowitz.
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