Bixin will exchange BCC, with a total value over 10 million USD, for BTC, adding it to users' BTC balances
CN, July 26, 2017 at 21:54 BST
July 26, 2017, at 11:00 am, Beijing
The successful activation of BIP91 seemed to have ended the Bitcoin civil war and brought it into a brand-new era. However, a technical team, recently, claimed that they would fork an altcoin called Bitcoin Cash (BCC) on August 1st. How to face this future BCC has become a major question in the cryptocurrency community.
China's leading Bitcoin company, Bixin, has reportedly declared yesterday that if BCC came out as planned, they would exchange BCC for BTC and add it to the BTC balances of all users. As Bixin holds a large amount of Bitcoin deposit, the estimated market value of this exchange will be more than 10 million USD.
"First, we will take a snapshot of all our users in advance. Then we will convert users' BCC into Bitcoin based on the market price. Because in our current system, only Bitcoin is supported, and apparently, BCC is another kind of altcoin." Tyler Xiong, VP of Bixin, said, "But, due to the significant amount, it will take a while to finish exchanging them."
In the past month, Bixin has sold other altcoins for BTC twice and has given the corresponding BTC, which worth more than one million USD, to its users.
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