Dash (DASH) Spreads in Latin America with Payment System Partnership
The Dash Digital Cash network has struck an exclusive partnership deal with Kripto Mobile for acquiring and using DASH.
Dash (DASH) continues to expand in Latin America after an exclusive partnership arrangement with Kripto Mobile. Through a mobile phone pre-loaded with the ecosystem, Latin American users would be able to acquire and spend DASH.
The digital coin is relatively popular for payments and is among the most active networks on Blocktivity. Still, DASH clocks about 5,522 transactions on average over 24 hours, which amounts to a rather niche real-world usage. It has a mixed network of mining and Masternodes, allowing it to be faster, cheaper, and more energy-efficient.
DASH will be distributed through KRIP mobile phones pre-loaded with a DASH wallet and access to the network. Each new KRIP wallet will come with a pre-loaded DASH paper wallet, which can be scanned into the device.
“We all know that fiat payments take too long and cost too much, and that cryptocurrencies have the potential to affect real change, especially for people experiencing hyperinflation where cryptocurrency is less volatile,” Dash Core Group business development head Bradley Zastrow said during a DASH conference, as quoted by Leaprate.
Following the news, DASH became one of the fast-appreciating coins, its price growing by 22.95% net in the past 24 hours to reach $179.19. After 20:00 UTC on August 27, it added around $20 within minutes. DASH is relatively thinly traded on major exchanges, with a large concentration of volumes on the ZB exchange. The coin, previously residing among the top 5 of digital assets, has lost some of the hype and now moves at lower prices while the Dash marketing team expands its efforts to promote adoption.
Latin America is crypto paradise
Latin America has been one of the hotspots for crypto trading, even without the Venezuelan crisis. DASH was one of the well-used coins in this country, serving as a hedge against the financial crisis and the loss of value of the official currency. In countries like Brazil, which enjoy relatively robust economic growth, crypto spending is seen as a viable option:
“This first starts with the Dash community, particularly here in Caracas, who have worked tirelessly to grow the Dash ecosystem to over 800 merchants accepting Dash including locally-run locations from mainstream brands like Calvin Klein and Subway. Now with our partnership with KRIP, we will assist in accelerating this growth by giving everyone all the elements to acquire, store and spend their Dash right out of the box, including the ability to access the internet, a critical first step before any cryptocurrency adoption,” Zastrow said.
Indications of a positive attitude to crypto assets transpired in recent research by the RCN peer-to-peer credit network. A survey among Ripio wallet users showed that nearly a quarter of the respondents believe cryptos may displace the current financial system in the next five years. Nearly 40% believe the takeover is inevitable within the next 20 years.
“Almost 85 percent of survey respondents said blockchain and cryptocurrencies will become the norm for finance within the next 15 years—destroying bank monopolies and their lack of transparency in the process,” RCN chief executive Sebastian Serrano said in a statement emailed to Cryptovest.
“Indeed, blockchain has enormous potential for streamlining processes currently burdened by red tape and legislation. Smart contracts also make global money lending a possibility, which would dramatically change the game.”
The Ripio wallet has more than 200,000 users and is among the top crypto-related products in Latin America.