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.’
The spend and replace protocol is a first of its kind type of app that allows bitcoin cash users to do what they do best and that means spending BCH. Bitcoin cash proponents on forums seemed to like the idea of a wallet that allows people to spend their BCH on a cup of Starbucks coffee and replace the cryptocurrency spent with a Coinbase purchase. The Cashpay development team has also published a video walkthrough that shows people how to use the spend and replace feature.
Cashpay also explains that for users who have the Spend and Replace feature enabled but don’t have fiat available, Coinbase will choose the next available funding method like a debit card or bank account. Coinbase fees will apply as well so you will get slightly less BCH than you originally spent.