Similar to Bitcoin, Bitcoin Cash is a cryptocurrency that was created after a dispute within the Bitcoin community. Since the community disagreed fundamentally about what direction Bitcoin should take in the future, the solution became to split the Bitcoin network into two different cryptocurrencies; Bitcoin and Bitcoin Cash. Bitcoin Cash remains significantly smaller and is less popular than its sibling Bitcoin.
Many forex brokers accept, and even prefer, Bitcoin Cash because these transactions are both faster and cheaper than Bitcoin transactions. In forex trading, a fast payment means the trader will be ready to trade shortly after signing up with a broker. The speed of a Bitcoin Cash transaction ranges from a few seconds to a couple of minutes to go through.