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Programmer spends 69 nights in ‘Bitcoin Cash City’ using only BCH: Here’s how it went

Silverblood says using Bitcoin Cash as payment method “makes sense” because it's part of his income and "it's less effort than some of the other forms of payment I use."

When programmer Jonathan Silverblood flew to Townsville, Australia from his Finland home for a two-and-a-half-month holiday in August, he had one main task — pay for everything he could using Bitcoin Cash (BCH).

The coastal city of Townsville is known as the “Bitcoin Cash City,” a name derived from a conference of the same name that first launched in 2019. It is understood to have a strong number of merchants that accept the Bitcoin-forked token.

Silverblood said while attending the conference in 2019, he was intrigued by the number of merchants and vendors offering BCH as a payment option in Townsville and had planned a return to the city once COVID-19 restrictions were lifted.

"Going to this destination was entirely about using BCH and was also kind of an excuse to spend more than I usually do, while simultaneously getting more work done by letting family and kids have a vacation with their grandma," he told Cointelegraph after he returned home from the trip. 

"Using it to pay for things while I was there just made sense, partially because I already have my income paid in BCH, and partially because it's just so much less effort than some of the other forms of payment I use."

Silverblood is a Bitcoin Cash enthusiast and programmer. He has been working at General Protocols for the last three years where his salary is paid in BCH.

He noted that in the 69 nights he spent in the city, he was ultimately able to conduct 130 transactions using Bitcoin Cash. These included goods and services at cafes, restaurants, and hotels, getting a tooth pulled at a dentist, a haircut, and getting a Steam Deck gaming console repaired.

"Some days were pretty busy; we would buy breakfast, lunch, ice cream, bread and dinner, but sometimes my family wanted to go elsewhere rather than eat at the specific BCH accepting merchants."

Silverblood also made several payments using BCH that weren't with businesses in Townsville, including Steam and Netflix gift cards, “plus a few bills back home.”

However, his Bitcoin Cash-funded holiday was not without its hiccups. 

Silverblood says his experience using BCH as a payment method was successful but not "wildly successful" because of issues with payment terminals running out of power, WiFi access and some merchants being unable to offer crypto as an option at the time of payment.

"When I got to the airport in Townsville I also wanted to pay for a cab ride to the hotel, but a competing cab company bought up the cab company that took BCH, so that was no longer an option."

He also found that not all merchants were open to the idea of using BCH because they did not want to "complicate bookkeeping" and "couldn't stomach the volatility."

"For most merchants I spoke with during my trip, it seems to just be that the number of customers paying with crypto is just too small to motivate additional staff education costs, additional hardware like WiFi and payment terminals," Silverblood said.

"Cryptocurrencies are here, and they work, but merchant adoption is slow and spread out, which makes it hard to live entirely off,” he added.

Silverblood said he also didn't end up buying his plane tickets with BCH, as his family wanted to fly Qatar Airways specifically, which doesn't currently accept crypto as a payment method. 

This is despite the airline launching their own Metaverse in July.

Related: 21-year-old got ‘thought-provoking’ questions after teaching crypto to old folks

Silverblood and his family have since returned home to Finland, but the programmer is confident this won't be the last time he will use crypto to pay for goods and services.

"I will absolutely try and do something like this again, in just a few weeks, I'm flying over to another Bitcoin Cash hotspot, St Kitts, for the BCH 2022 conference," he said.

"I don't know what to expect there though, I've heard everything from 100% all merchants accept it, only half do, and merchants will accept it, but you need a special wallet."

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Crypto Payments Firm Bitpay Adds MATIC Support, Panini America to Accept Polygon Payments

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Walmart CTO says crypto will become a ‘major’ payments disruptor

Suresh Kumar suggested that crypto will become an important payment tool across the Metaverse and social media, as these areas will be a major way customers discover new products.

Walmart’s global chief technology officer (CTO) Suresh Kumar has tipped cryptocurrency to become a "major" area of disruption, particularly in how customers pay for virtual and physical goods in the future. 

Speaking at the Yahoo Finance All Markets Summit on Oct. 17, Kumar outlined Walmart’s positive stance on digital assets, noting that “crypto will become an important part of how customers transact” for both physical and virtual goods.

“I think that there are three major areas of disruption. Crypto falls in sort of the middle of it,” he said, explaining that “the way in which customers are getting inspired and discovering products” is changing.

Kumar also suggested that a significant amount of customers will be marketed to through the Metaverse and live streams on social media apps, and that crypto could be an important payment option in these kinds of areas.

“When you specifically talk about crypto, it is going to be about discovery of products, whether it is physical or virtual inside, either the Metaverse or upfront, and then how people transact.”

Such may explain Walmart’s recent foray into the Roblox Metaverse, launching Walmart Land in late September. The company is hosting a range of virtual experiences there such as games, a DJ booth and Ferris wheel, while also offering virtual merchandise products called “verch” for users’ avatars.

NFTs and crypto are not integrated with the Roblox metaverse at this stage, however Walmart has previously indicated in patent filings from January that it could look to create digital currencies, tokens and NFTs in the Metaverse space sometime in the future.

“We want to make sure that we make it as friction free for customers to be able to transact, and to be able to buy, and how they are able to derive value out of it. And that is where-- I think a lot of the disruption is going to start happening in terms of different payment methods, different payment options,” he said.

Related: Facebook is on a quest to destroy the Metaverse and Web3

The multinational retail giant has been rumored to have been working on rolling out crypto payment support for a while, but so far only false alarms have arisen such as the fake deal with Litecoin (LTC) that was announced via a dubious press release from September last year.

As it stands, there were around 200 Bitcoin (BTC) ATMs installed at Walmart stores across the U.S. in October 2021, with plans at the time to expand that number to 8,000 at an unspecified time in the future.

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Russian Exchanges Ready to Launch International Crypto Payments, Lawmaker Reveals

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Bored Apes, Moonbirds to feature on NFT-customized Mastercard debit cards

The customizable card will only support NFT avatars from select blue chip collections, subject to Mastercard’s design standards and an owner verification process.

Mastercard has launched customizable nonfungible token (NFT) debit cards, allowing some cardholders who own avatars from select NFT collections to add the artwork onto the payment's card.

The debit cards are made available through a Sept. 26 partnership with European cryptocurrency exchange platform, “hi” allowing its “Gold” members to personalize their debit cards with an NFT they verifiably own

Gold membership with the platform is obtained by staking a minimum of 100,000 hi Dollar’s (HI), the platform's native token, a sum worth around $4,600 according to data from CoinGecko.

The cards will allow spending in fiat money, stablecoins or any cryptocurrency the user holds and is accepted wherever Mastercard is available. Other features such as hotel credits, cash back incentives and rebates on Netflix and Spotify subscriptions are also touted as benefits of certain membership levels.

Mastercard’s Crypto and Fintech Enablement VP, Christian Rau said with consumer interest in NFTs and crypto growing the payments provider was “committed to making them an accessible payments choice for the communities who wish to use them.”

A limited range of NFT collections will be supported including CryptoPunk, Moonbirds, goblintown, Bored Ape and Azuki, owners of these NFTs will have to become Gold members with hi and verify their NFT ownership with the platform to receive their custom cards.

Additionally, the cards are available only within 25 European Economic Area (EEA) countries and the United Kingdom.

Related: Innovation will drive NFT adoption despite mainstream presence: NFTGo founder

With the wider downturn in crypto markets over the last few months most of the “blue chip” NFT collections took a price hit, but data by NFTGo shows the performance of blue-chip NFTs growing steadily since Sept. 12 possibly bringing renewed interest to the largest collections.

Mastercard has helped crypto payments go mainstream with its support for the assets, even allowing Mastercard holders the ability to purchase NFTs through partnering with multiple NFT marketplaces in June.

Bank of Japan keeps interest rates unchanged for third straight meeting