Dash And BlockchainIntel Partner To Help In The Promotion Of Crypto Adoption
Dash has announced a partnership with BlockchainIntel, a company that has been known as a transaction monitoring solution that is used within the blockchain circles.
The BlockchainIntel platform analyzes transactions that are taking place within the crypto space. Together with addressing and risk-scoring them based on evidence, there is possibly illegal activity.
The Move Will Help With Easy Integration
The Dash platform will be able to aid the BlockchainIntel in accordance with the regulatory compliance for use in the exchanges together with other businesses. As a result, this would be able to increase the overall chances of an effective integration to take place.
But it has been seen some of the users are showing a slight aversion to the compliance. It is because of how most of the users have related it to censorship. A concept that the crypto space is not able to tolerate.
But within the crypto space, we have also seen several exchanges that are working on compliance. At the same time, BlockchainIntel will be able to provide the needed tools of the trade. Thus, this will make the various users within the space to be a little more comfortable with the Dash platform.
With the partnership in place between these two companies, it will be able to open up easy integration of the coin being used in several exchanges. This is also including the famous eToroX platform, all according to Ryan Taylor, the CEO of Dash Core.
When looking at BlockchainIntel, they will be able to provide essentials tools like adequate analysis of the blockchain sector and the ability of efficient risk scoring, which is considered to be very important.
It is primarily for successful mass adoption, for parties who are risk-averse, that they find ways they can shield themselves from theft, fraud, money laundering and various illegal activities that take place.
“We are committed to supporting exchange access for our users. We are happy that our partner BlockchainIntel can address new exchange reporting requirements aimed at preventing money laundering and fraud. Companies such as eToroX can list Dash because they can provide the information regulators need using BlockchainIntel.”
With the increased risks, BlockchainIntel platform will ensure they have provided adequate data for their various users. All this will happen before they go ahead and get the exchanges. But all this should happen without breaching any of the investor's privacy on the platform.
Dash Has Shown An Impressive Performance In The Market
The Dash platform has been able to demonstrate an impressive performance in the past one year. As a result, it's led to increased adoption and growing popularity of the platform within the crypto space. The company also noted they have a growing demand in Thailand, and there have been more than 100 transactions that have taken place per month in several other countries. It is the likes of Phuket, Bangkok, to name a few.
Travala is considered to be the official travel partner for Dash. A platform that seems to benefit from increased demands that has been witnessed in Thailand and some of the Asian countries. Especially those that have been a vacation hub for most tourists.
The Dash token was ranked 15th on the CoinMarketCap with values of $107.92 having the market cap at about $964.65 by press time. And it was also noted a wavering bear and bull pattern taking place in the market, however, at press time Dash was slightly falling by about 0.24%.