Dash Announces Dash Text as First Cryptocurrency SMS Wallet Payment Service
Dash is Poised to Set Up Dash Text With the Intention of Changing the Cryptocurrency Payment Landscape
Dash Text is making its presence known across the cryptocurrency space, plastering its latest exploits on YouTube and various social media platforms, including Twitter.
— Dash Text (@dash_text) July 15, 2018
Translation – Very soon! 😉 we're working to put Dash into everyone's reach. 😱🙌🏻 follow us and share with your buddies! __ #DashText #DineroDigital
One stand-out was the video going into detail about Dash Text by Dash Force, which landed on August 1st, which allowed viewers to get a first glimpse at how its SMS Wallet system worked.
Mark Mason, the Dash International Outreach Coordinator helped to get the three-way conversation underway, which was between Lorenzo, who represented Dash Text, and Karen Hsu, the Chief Revenue Officer of Blockcypher. Throughout the conversation, they went into depth regarding what Dash Text was, how it worked for the average person using it, and what future plans and features it had in store.
Officials from Dash Text have stated that it functions as an SMS-based cryptocurrency wallet to be used exclusively as part of the Dash network. The developers have championed Text as part of a wider drive for widespread application, lauding it for its intuitive design and simple-to-use functionality.
The design of Dash Text has a particular demographic in mind, taking into consideration that a large segment of populations in areas such as Venezuela, the country where Dash Text is being tested first, do not have access to technology such as smartphones. This effectively means that the ability to access systems like contactless or internet/app-based banking are gone, leaving only SMS payments.
The system is being used in Venezuela, in large part, due to the breakdown of the situation economically, there, this has forced people to reject the native currency, the Bolivar which has since entered hyperinflation, and pushed them towards any cryptocurrency they can get hold of.
Lorenzo, speaking on behalf of Dash Text, commented on the factors that give Dash Text a significant advantage over other payments systems:
“Dash Text is super simple and easy to use. The basic commands are easily accessible and the instructions can be understood by anyone. The company has kept eas of use as a priority and has also enabled the feature of auto-creation of the wallet on a user’s account,” he continues.
“The user can press the send or receive button to conduct transactions and in my opinion, the people love it! I will even go as far to say that even my grandmother will find it super simple to use.”
Residents of cities like Caracas will not have to wait for the implementation of Dash Text, Lorenzo pointed out that the system is fully functional and ready for use in Venezuela. Pending its success there, Dash Text has plans to expand its reach across Latin America and beyond.
Ultimately, the aim of Dash Text right now it to provide coverage for the whole country before shifting its attention to provide the same scope of coverage for developing countries within continents such as Africa.
The developers of Dash Text have illustrated the fact that they want its system to be fully integrated with Dash's wider suite of projects, stating that having broad-scale compatibility will link up buyers, sellers, and merchants from across the world, allowing someone in a developing nation to accept payment from someone in the developed world.
The initial response that Dash Text has recieved from areas such as Venezuela and countries in Africa has been widely positive, with it, expressing a genuine interest in the implementation of Dash Text as soon as possible, all of which, the develops seek to do as soon as they can. He also stated that Dash Text uses the Application Programming Interface [API] of Blockcypher, with the goal to make security the biggest focus.
The use of Blockcypher's API, Karen reiterated, gives its users a high level of security when completing transactions via Dash Text, it manages to do this by ensuring that private keys are not retained in the memory of the system once a transaction has been completed. This also provides users with the opportunity to provide their own private key management system, allowing Dash Text to become truly unique to the individual user.
Blockcypher embodies a truly positive perspective towards blockchain technology, believing that it's the missing link which will allow anyone, regardless of their access to technology, to communicate, complete transactions and earn money, with anyone from around the world.
Dash Text and Blockcypher have stated together that promotion is vital and that incentivization of users is key. Along with ongoing cross-company promotion, the companies have announced that a referral program is currently in the process of development, as they believe that this will allow for the hope of widespread application and use to become far more likely.
The officials from both companies have said that the referral program will be launched on the company’s social media platforms.