BitcoinCash has an issue with slow block times, ERC20 tokens don't have this issue and also have smart contract capability. There is currently no widely accepted tokenized version of BitcoinCash on Ethereum blockchain. The plan of the creators is to make this token widely accepted by pairing with fiat currencies (like USD, CNY, EURO, INR, etc.) and make this token as a token of choice for digital transactions.
"In coin we trust."
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