Just recently news.Bitcoin.com reported on a new Bitcoin Cash (BCH) centric wallet called Cashpay. The wallet launched last June and allows any user to purchase anything online using BCH. This week the development team has added a new feature called ‘Spend and Replace’ a wallet function that replaces BCH with a BCH buy order from Coinbase whenever the cryptocurrency is spent.
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Cashpay Allows Users to Replace the Bitcoin Cash They Spend
New Cashpay Wallet Feature Replaces BCH After Spending During the first week of June, we reported on a new bitcoin cash wallet application called Cashpay. The mobile app that’s available for Android and iOS was launched by the Cryptonize.it team. Cashpay has a few features that other crypto light clients don’t provide like the ability to donate to certain charitable causes with bitcoin cash. Further, the wallet allows users to purchase any item online through any merchant using BCH. Now the wallet makes it possible for users to replace the BCH they spend with a new feature called ‘Spend and Replace.’
“It’s finally here — Spend and Replace is enabled on the Cashpay wallet making it possible replace the Bitcoin Cash you spend,” explains the Cashpay development team.
Spend and Replace works as follows: You connect your Coinbase account with Cashpay and enable Spend and Replace in the wallet you want to use. Every time you spent an X amount of Bitcoin Cash, the same amount of Bitcoin Cash (minus Coinbase fees) will be bought on your Coinbase account using the fiat available in your account.