Bitcoin Money ABC (BCHA), which is a fork of Bitcoin and Bitcoin Money (BCH) officially, launched its rebranding course of as eCash (XEC) on July 1, 2021. The journey to eCash coin started when a brand new Bitcoin Cash blockchain separated from the outdated one with another hard fork update in November 2018. It was at this second that the Bitcoin Cash SV got here into existence whereas the initial Bitcoin Cash first became known as Bitcoin Money ABC before maintaining just Bitcoin Money as its name.

In my view, cashless fee is extra practical and efficient. As a result of all access to cashless fee can be performed via a smartphone with out having to depart the house or meet straight with the vendor. All transactions similar to food purchases, every day procuring, parking payments, and different funds can depend on cashless cost methods such as e-money. As well as, cashless payment can help the federal government in controlling the circulation of money in society.

Immediately after its launch, the XEC token was working at a price level of $0.000025 but skyrocketed as the market was in a bull run. The token established its all-time excessive at $0.0003 and at present stands at $0.00019. The performance of the token has been phenomenal which resulted in it ending up in investors’ lists. At present, it stands at a market rank of #48 – which is a phenomenal feat achieved by the cryptocurrency.