The original vision of Bitcoin was to provide a global digital currency available to anyone in the world no matter their economic situation. With a less than favorable economy and a revolution on their hands, there’s no place to show how much Bitcoin Cash is needed more than Venezuela at the moment.

The Bitcoin Cash community has done great helping donate to projects such as EatBCH, which helps feed in-need Venezuelans through Bitcoin Cash donations. But the Bitcoin Cash Fund has decided to take their initiatives in Venezuela a step further.

Starting June 22, 2018 and running to July 22nd, the Bitcoin Cash Fund will launch a bounty campaign in Venezuela called #SpendBCH that will reward users with a $5 worth of Bitcoin Cash (average months salary in Venezuela) for onboarding a new merchant. We feel it is important to try and create a closed loop economy, that means we need to provide BCH users with places to spend their money, and provide merchants with customers who want to spent BCH. The SpendBCH campaign aims to to kickstart this process.

The on-boarding process consists of helping the business download the Bitcoin.com wallet, teaching them how to set up and receive BCH, and submitting that business to receive their reward.

The process is as follows:

Introduce a business to Bitcoin Cash. The person will help the business set up a wallet and show them how to use it to receive payments. By tweeting to @BitcoinCashFund about the business using the hashtag #SpendBCH they’re entered into a bounty reward for that business. To validate, the person will fill out the form on the website ( bitcoincashers.org/bounty ) with the business info, the tweet link, and their Bitcoin Cash address to be paid for their successful bounty.





BCH ambassadors in Venezuela and Colombia will kindly be assisting us in verifying claims, and we will be paying them out in a batch at the end of each week.

A Bitcoin Cash Fund Ambassador (handle @blancomorao) who has been crucial in helping roll out and coordinate the campaign in the region had this to say about #SpendBCH and the impact it will have, “ Venezuela has the highest number of cryptocurrency transactions in South America, a figure that’s been increasing week by week. Without a doubt, this Bitcoin Cash bounty campaign will give thousands of Venezuelans the opportunity to join the Bitcoin Cash ecosystem and considerably improve their economic situation, 6,000 bits in our current situation is quite an incentive. ”