Discover Dash Now Used By 2,000+ Merchants To Accept DASH Crypto Coin Payments
Dash has experienced a singular surge in use this year. The token, which was already fairly used for e-commerce, has recently divulged data that it has been used even more recently. According to Discover Dash, a merchant directory resource for the people interested in the Dash token, there is a current list of more than 2,000 merchants all over the world accepting Dash right now.
The number is up from only 639 in February, meaning that the number has more than tripled in only six months. At the moment, the list sits at the number of 2,288 vendors. Most of them are from Venezuela, totally 912 Dash sellers there.
Lower Price, But Major Adoption
While the value of the Dash units has decreased significantly since last year (mostly due to the general cryptocurrency bear market and the influence of Bitcoin), the performance of the token has been good.
Dash has slowly been paving the way to become the first token that will really be accepted as money instead of only being used as a financial asset like, in facts, most cryptos do, including the original Bitcoin. Dash is ideal for merchants because its transactions are fast and the transaction fees are quite low. This way, merchants can escape fees from expensive tokens like Bitcoin.
Adoption In Venezuela
Most of the rise in adoption of Dash is happening because of the current political and economic situation in Venezuela. The country is facing a severe crisis that has led to a hyperinflation that is unprecedented in the country.
According to Alejandro Echeverría, head of business development in Dash Merchant Venezuela, the currency has been heavily used for store of money and for purchase of food, not speculation in the country.
Dash is running a solo race in comparison with the other cryptocurrencies, according to Echeverría, because no other cryptocurrency has an actual team in which merchants create a community to accept the tokens. This has made Dash number one in Venezuela.
The crisis in Venezuela is actually very severe and the International Monetary Fund has warned that inflation in the country could reach 1 million percent at the end of the year, something only comparable to what Germany faced during the 1920s.
People are generally unable to buy even the most basic things with such a high inflation. Dash is then growing in use amidst this situation, as it has instant confirmations and it can really be used as cash for the Venezuelans while the hyperinflation crisis has not yet been solved.
Dash is a blockchain and eCommerce company that uses its own currency to fund payments. Its usage has grown more than 1000% since 2015 and it is one of the top tokens in the market right now.
Its transactions are cheap when compared to Bitcoin, using fees that can be compared to the ones of credit cards. Dash has an organization or merchants that has members in many countries and it is growing.
At the moment, Dash is planning a new product: Dash Evolution, which will be an user friendly decentralized payments platform for people who still do not use cryptocurrencies.