Bitcoin.com founder Roger Ver says that in his opinion, the service is unique in the sense that higher fees make similar Bitcoin (BTC) services unrealistic.
#BitcoinCash has PayPal except for: 1. No registration 2. No identity requirements 3. No transaction limits 4. No charge backs 5. No geographic boundries 6. No feeshttps://t.co/pAT0wemPEk — Roger Ver (@rogerkver) June 18, 2020
Ver says it 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.”
Morover, if the intended recipient does not claim the funds within a specified period of time, 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.”
As governments around the world are trying to exude more control over cryptocurrency transactions, this service may find a substantial user base within the space.