Bitfi Wallet to Stop Bitcoin Cash (BCH) Support Citing Industry Toxicity and Investor Confusion
In the past weeks, it has been a little wild for the Bitcoin ecosystem, one that was filled with several BSV delisting’s taking place plus several proponents raising to speak against the crypto coin. But the spotlight that has been on Bitcoin SV shifted a little after the new development that just took place with Bitfi; this is where the wallet went ahead to announce they have decided that they will no longer support Bitcoin Cash within their ecosystem.
The company made an official release on the matter stating; they believe that the coin is confusing the individuals within the crypto space.
“Management believes that Bitcoin Cash (BCH), while having a sound and useful technology, is operating a PR and advertising campaign that is confusing, especially to newcomers to the digital asset market. As such, Bitfi believes, it is acutely damaging and toxic to the industry if investors are not sure what the real Bitcoin (BTC) is.”
There Is A Lot Of Confusion Arising From Bitcoin And Bitcoin Cash
Bitfi Wallet stated that the two coins seem to be bringing some confusion to the crypto community. This is the primary reason the company comes to this conclusion. They went on to target the Roger Ver-led Bitcoin.com, stating that the platform has been spreading false information to the investors within the market about which is the real bitcoin.
There Could Be Some Risks
With the spread of such information, it will slowly destabilize the ecosystem. With the manipulated statement that keeps arising from the Bitcoin Cash proponents, it has been of great concern for the platform. But their decision is not final, all they want is for the issues to be addressed. Once these have been addressed, Bitfi will ensure that Bitcoin Cash (BCH) has been made added back to the platform.
— Bitfi – open source: bitfi.dev (@TheBitfi) April 24, 2019