Patreon Rival Bitbacker.io Partners with BCH Powered App Publisher, Honest Cash
Partnerships within the cryptocurrency are increasingly adding to the fundamental value of projects in this industry. The latest move by Bitcoin Cash powered publisher ‘Honest Cash’ to partner with Bitbacker.io. is among those set to increase the user base of both products.
The move was unveiled in the beginning of February 2019 with an objective of creating a crowdfunding ecosystem. Users of the platforms will be given incentives in form of BCH for the content shared through ‘Honest Cash’.
When communities and talent support each other, incredible things happen.
Here’s a little about the partnership. https://t.co/zLGMH2CwNV
More to come soon! pic.twitter.com/cyf6qI4UYk
— Honest Cash 🍂🍁 (@honest_cash) February 7, 2019
Bitbacker.io And Honest Cash Operations Overview
Towards the end of 2018, Bitcoin.com announced that they had launched a platform to publish and will be powered by BCH. This gave birth to the ‘Honest Cash’ project that kicked off as soon as BCH was forked in mid-November. Instantly, the platform started supporting the newly forked altcoin ‘BSV’.
Today, Honest Cash has partnered with Patreon’s alternative Bitbacker whose operations involve giving support for crypto crowdfunding with BCH and BTC. The head at Honest Cash led by CEO Adrian Barwicki have termed the relationship as a mutual one especially with on-boarding new participants;
“The relationship provides users of both Honest Cash and Bitbacker a larger audience reach — Both users will now have the potential to earn pledges and secure backing within both platforms,”
Honest Cash and Bitbacker.io. Partnership Prospects
Both Honest Cash and Bitbacker.io. have experienced significant growth over the last month. The BCH app ‘Honest Cash’ is getting more traffic by the day with users sharing a wide range of content. A couple of participants have made over $1,000 from content that can be art, images, prose, and videos. Furthermore, Honest Cash made advancements to its ecosystem by adding a native Bitcoin Cash wallet. Users can now leverage this product by generating a new wallet and import their current Bitcoin Cash keys.
Bitbacker.io, on the other hand, is also experiencing growth as a result of the partnership with Honest Cash. The platform’s success in the past few weeks also stems from the migration of crypto advocates to an alternative application and leaving Patreon behind. This platform is quite flexible supporting four crypto coins; BTC, Smart, LTC, and BCH while maintaining the value a user can derive from a centralized Patreon supplies platform. According to Jonathan Silverblood, Bitbacker.io is more competitive than platforms like YouTube and Patreon in terms of the fees charged. The latter can charge as high as 10-30% while Bitbacker’s charges are around 1%.
The two heads, Silverblood and Barwicki said that they will update their communities via blog posts on the scheduled integration dates. In addition, the two concur that indeed a partnership of developers is the path towards creating incredible innovations!