Finance & Economics

Bitcoin Cash hard fork: what Revolut’s users should expect

A Bitcoin Cash hard fork will take place today, on November 15

hard fork

Bitcoin Cash hard fork: what Revolut’s users should expect. Source: shutterstock.com

Mobile-only bank Revolut explained what Bitcoin Cash hard fork means to its users and how it will impact their existing crypto balance.

A Bitcoin Cash hard fork will take place today, on November 15, as part of scheduled protocol upgrades. However, unlike previous BCH hard forks, there are two competing proposals for the new upgrades and this is where most of the debate and speculation is based around.

Most crypto exchanges suspended Bitcoin Cash trading during the fork. However, BCH trading will be available at Revolut with no interruptions, both during and after the fork. The bank also takes the responsibility to protect customer funds.

Due to the uncertainty of future events, Revolut will decide on a case-by-case basis how to approach and handle any potential future hard forks. There is always extreme uncertainty around such events, and therefore there are no guarantees that we will or will not support the introduction of new cryptocurrencies as a result of hard forks
Revolut

SEE ALSO: Bitcoin Cash hard fork is coming: another exchange announced its plans

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