It goes by several names, including "software update," "new version of Microsoft Word," "Bcash," and even "Btrash." Bitcoin Cash is a cryptocurrency that was created in 2017 as a fork of Bitcoin. The token was created due to the larger block size compared to bitcoin, which allows for more transactions. Despite their differences, Bitcoin Cash and Bitcoin have a number of technical similarities, use the same mechanism, and are both limited to a supply of 21 million coins.
It remains to be seen whether 2021 will be a watershed moment for BCH. However, a recent announcement by the Japanese company Rakuten suggests that the token could take off. They have fully supported cryptocurrencies, have invested in them, and have helped to popularise them in Japan. Millions of users will now be able to pay for goods using cryptocurrencies such as Bitcoin Cash. In August, the company announced the launch of its own cryptocurrency exchange, as well as the release of a mobile app. Clients of the new trading platform could make spot market transactions in three coins: Bitcoin, Bitcoin Cash, and Ethereum.