This weekend brought some great news for anybody who is investing in Bitcoin Cash, after it was announced that Liferando, one of the most important food delivery services in Germany, will allow users to complete payments using BTC or BCH.
According to a report from Ethereum World News, this is a moment of great importance, as it’s the first time when a truly leading company from Germany starts accepting payments in cryptocoins. The transactions will be completed through crypto payment provider Bitpay.
Even more, the fact that Bitcoin Cash, as well as Bitcoin, will be accepted by Liferando is very important for the German market, not to mention that it helps increasing the confidence in the digital asset.
Will the price increase even more?
Technically speaking, this can affect the success of the coin in the long term-run, so crypto enthusiasts can definitely forward to the fact that this year will be holding a lot more to show.
Back in July 2017, Lieferando started accepting Bitcoin for orders, being one of the first players in the industry to do this. With online takeaway transforming into a fiercely competitive market in Germany, it was just a matter of time until new cryptocurrency-based payment methods were introduced. Now, we’re looking forward to seeing if other companies, not necessarily in the same niche, will follow this example.
As a side note, paying with cryptocurrency seems very popular among food delivery firms, as their numbers keeps increasing very fast.
People like to order food online!
Lieferando is owned by Takeaway.com BV, which operated several online delivery services in Europe. Last year, they registered total sales of 166.5 million euros, which was a 49% increase over 2016. From this amount, 58 million was generated by clients from Germany, so offering them new methods of payment is a natural step.
Currently, Bitcoin Cash is trading at $1,154 per token, while the total market cap is around $19.3 billion. In contrast, Bitcoin is still struggling, trading at under $10,000 at the time of writing, with a market cap of almost $167 billion.