Bitcoin Cash Update From Coins.ph
July 2018 Update: bitcoin cash is now available on Coins.ph. By offering a bitcoin cash wallet, we are offering our customers more options for low-cost payments in the Philippines.
Last month we let you know that we’ve been working towards a solution to provide our customers with their share of the value created by Bitcoin Cash (BCH) after the fork of the Bitcoin network in early August.
After careful consideration, we have decided to convert the BCH created during the fork to BTC, and credit the corresponding amount of BTC to customers who held BTC in their Coins.ph wallet at the time of block 478,558 (August 1st 9:16 pm Philippines time, the time the fork occurred).
The amount of BCH that each of these customers receives will be net of any costs we incur for the conversion and transfer. Once the sale of BCH has been completed customers will receive BTC deposits from Coins.ph within 24 hours. We will also share the effective conversion rate from BCH to BTC received. We are working to complete this process within the next few weeks and will contact customers regarding their BTC deposits once they have been sent.
Thank you for your patience while we execute this plan. Please don’t hesitate to contact us at email@example.com if you have any questions.
-The Coins.ph Team