On Monday the blockchain research and development firm, Nchain, announced the acquisition of a majority stake in the Bitcoin Cash-centric startup Handcash. The Handcash platform allows users to send BCH in a contactless manner using near field communication (NFC) technology.
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Nchain Acquires a Majority Stake in the BCH Platform Handcash
This week the firm Nchain Group announced they had “closed a deal” that gives the company a large stake in the Handcash platform. According to Nchain, the deal was facilitated through the company’s investment arm Nchain Reaction. News.Bitcoin.com reported on Handcash this past February when the team launched its bitcoin cash beta client for Android phones. The Handcash app allows users to transact with BCH using NFC technology and the platform was created by two developers from Spain, Alejandro Pascual Agut and Rafael Jiménez Seibane.
“Bitcoin was conceived to be peer-to-peer electronic cash — So we wondered why Bitcoin was not being used like cash,” Alejandro Agut explained during the announcement.
That gave us the idea to create a wallet application that allows you to send Bitcoin in a way that resembles handing someone cash, by merely placing a sender’s mobile device close to the recipient’s device.
The Nakasendo SDK
Earlier this month, the Handcash development team also revealed they were allowed to use the Nchain software development kit (SDK) Nakasendo before it was publicly released. News.Bitcoin.com spoke directly with Agut about how the new partnership with Nchain what the BCH community expect from Handcash going forward.
“It certainly opens up new collaborations with other apps and services
