Bitcoin Cash Struggles Near $214 Despite Push to Revive Payments With Cash 3.0
TL;DR:
- Paytaca introduced a self-custodial NFC payment card powered by smart contracts during the Cash 3.0 conference.
- The zk-SNARK-based privacy solution is currently operational only on the blockchain’s Chipnet testnet.
- The Directional Indicator (-DI) recorded a level of 19.49 against a (+DI) of 16.23 on the daily price chart.
Following the Cash 3.0 conference held last weekend in the Philippines where its advancements were presented, the price of Bitcoin Cash hovered around $212.59.
Technical Innovation and Payment Infrastructure at the Cash 3.0 Conference
During the event held between July 31 and August 2 in Cebu City, developers and companies showcased tools aimed at accelerating the commercial adoption of the digital asset. The firm Paytaca demonstrated a self-custodial NFC payment card that operates through smart contracts on the network. This solution allows tap-to-pay transactions without surrendering fund custody to intermediaries or centralized platforms.
The gathering featured applications focused on payroll, freelance services, and lending solutions. The source notes that a shielded pool based on zk-SNARK technology was also presented to enhance privacy. However, technical documentation confirms that this implementation currently runs on Chipnet, the blockchain’s testnet.
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