7 July 2020
Bitcoin.com has started a new service where it allows users to send Bitcoin Cash to anyone through an email.
The founder of Bitcoin.com, Roger Ver stated that this service is unique in the sense that high fees make similar Bitcoin (BTC) services unrealistic. He also highlighted that the service is transnational and preserves user privacy.
“It doesn’t matter what nationality they are, what country they reside in, or anything else. If they can access email, they can access their Bitcoin Cash. Bitcoin.com never keeps a copy of the private key.”
If the receiver doesn't claim the funds within a particular time then the coins will be transferred back to the sender.
“We do keep a signed transaction to refund the BCH back to the sender after the specified number of days have elapsed. That way, if the recipient never claims their Bitcoin Cash, the sender will automatically get it back.”
Governments all over the world are trying to gain more control over the cryptocurrency transactions, this service may likely find a substantial user base within the space.