Wednesday, February 19, 2020

Dash Rising To Become The Best Choice For Daily Transactions

Avatar
Jide Idowu
I am Jide Idowu. A stay-at-home dad and a cryptocurrency enthusiast. I have had my hands on freelance writing for over five years, researching and writing guides, reviews, and latest cryptocurrency news for various blogs and individuals world over.

Using Dash, a peer-to-peer digital currency for day-to-day payments has seen growth since its emergence. Two persons in different economic climate share the reasons why Dash has become their choice.

Tales Of Two Cryptocurrency Enthusiasts, As Dash, Becomes A Part Of Their Lives

From the heart of North America to the heart of Latin America two individuals have turned Dash to be a part of their daily living experience. Their passion for the peer-to-peer digital currency in transactions has been driven from a different worldview and circumstance.

Joel Valenzuela is an American cryptocurrency enthusiast, that resides in the New Hampshire, While the second is Eugenia Alcalá Sucre, a Venezuelan entrepreneur. The two explained why they had chosen the altcoin rated as the 11th most valuable bu market capitalization.

According to Joel, his interest in cryptocurrency payment has spanned over three years now. Since that period he started using p2p digital currencies to check their viability as mostly advertised. This has seen him experiment with Bitcoin; though was not so functional for him, he went further to try other cryptocurrencies.

While trying to find the most viable cryptocurrency to make his p2p transactions, he tested Dash, which became the perfect choice for what he wanted. Dash has become Joel’s cryptocurrency for cross-border transactions.

Joel’s joy grew as Dash became acceptable globally, with a couple of people sharing his conviction about the cryptocurrency. This has been functional for him in paying for flights, festival tickets, food and drinks, hotel rooms, and a whole lots more.

Despite the United States of America being technologically advanced, Joel noted that merchants pay egregious fees with complicated setups, waiting days to be able to access funds. This has made Dash an attractive payment method.

The Venezuelan Tale On Dash

Notably, Venezuela has been battling acute hyperinflation in the country. This has made cryptocurrency appealing to the citizens because of the nonviability of the national currency for making transactions. So also the national cryptocurrency project Petro has become a failure almost a month into its introduction.

According to Sucre, the nonviability of the national currency has made the Dash cryptocurrency top choice. She noted that she fell in love with Dash after coming across the digital currency because of its speed and low fees, and mainly because of its governance system.

Afterward, Sucre went about promoting the cryptocurrency in the country so that it would be beneficial to many. A year after the project started, she has attracted over 6,000 people to a Dash conference she organized, with more than 12,000 people registered on its database.

In Venezuela, Sucre noted that Dash had become a game changer for the people as it enables them to be safe from the harsh effect of hyperinflation.

Dash Growth In Venezuela

As noted by DiscoverDash, there are over 2,800 merchants listed accepting Dash as payment mode in the country. The United States follows this with 1,130 retailers. Meanwhile, Venezuela is the number two market for Dash users ahead of China and Russia, noted Ryan Taylor, CEO of the Dash Core Group in August.

Latest News

CVB Financial Corp. Announces Appointment of David A. Brager as new CEO Effective March 16, 2020

David A. Brager, Executive Vice President & Sales Division Manager, will succeed Christopher D. Myers, who is scheduled to...

Nigeria Leads Other African Countries in Regards to Crypto Adoption

Several countries around the world have embraced Bitcoin with open arms, likewise, the "Giant of Africa", Nigeria. Recent data shows that the West African...

How Bank of America’s Partnership with RippleNet could Optimize Cross-Border Payments

Key Points Bank of America to speed up its cross-border payments using RippleNet. The maiden stage of the service will apply only to America...

Europeans Launch First POS Terminal with Bitcoin Payment Option

Ingenico, a French-based payment services company and Salamantex, an Austrian Fintech company have collaborated to launch a point-of-sale (POS) terminal. This POS terminal is...

Bitcoin Thriving In Coronavirus Crisis, Is It All Related?

On the 31st of December 2019, the day the deadly Coronavirus disease (COVD-19) was first identified in China, Bitcoin price value stood at $7251.95. Today, Thursday 19th of February, 2020, Bitcoin price value currently rests above $10,100.
- Advertisement -