The Globee platform is an international payment service that conducts instant transactions on the Bitcoin network via the Lightning Network. Until yesterday, the GloBee crypto-processing service supported payments for Bitcoin Cash, along with Ethereum, XRP, Monero, Litecoin, Dogecoin and Decred.
Now the platform has come to the conclusion that the future of Bitcoin Cash is uncertain, and trading the asset is too big a risk for users after the hard fork and the growing tension around the network. According to the company, the hard fork carries a potential danger after splitting into two versions of the network, which will lead to failures in Bitcoin Cash payments. To minimize risks for traders and investors, Globee decided to remove Bitcoin Cash from the list of services offered by the service.
Director of Strategy at blockchain startup Blockstream, Samson Moe shared a screenshot of Globee's email on Twitter.
It is noteworthy that on the eve of the hard fork, most exchanges planned to support both Bitcoin Cash networks. After the split, most platforms came to the conclusion that they would prefer Bitcoin ABC as the main network. Now, it seems, against the backdrop of unceasing Craig and bearish market trends, crypto platforms have decided not to take risks and are beginning to abandon the scandalous and unreliable crypto asset.
You May Also Like
Japanese exchange Coincheck will receive a license at the end of the year
According to local news source Nikkei, Japan's Financial Services Agency (FSA) intends to issue a license to cryptocurrency exchange Coincheck.
Binance Launches Info 2.0 - An Objective Cryptocurrency Rating
One of the largest cryptocurrency exchanges is launching the Binance Info 2.0 platform, a guide to the world of cryptocurrencies. The database, which promises to be the most comprehensive yet, provides all-inclusive access to information. The development team positions the new service as a comprehensive and objective platform for aggregating information about crypto assets.
