WisePass is a lifestyle sampling services which allow the users to play a monthly fee to receive sampling allotments on different venues which are part of the WisePass network. In lieu of increasing demands and changing payment trends, WisePass has decided to add DASH as a payment option for its various sampling services.
The WisePass services are currently available at over 300 venues in four metropolitan cities which includes Bangkok, Hanoi, Ho Chi Minh, and Manila in Thailand, Vietnam, and the Philippines. The company has already done 2,000 transactions for its services in December 2018, however, they aim to take the numbers up to 20,000 transactions by December 2019.
The addition of Dash payment has been done keeping the goal in mind. The firm believes Dash suits perfectly for their services as it is faster and have a much smaller denomination that makes it one of the better form of payments.
Lam Tran, CEO, and co-founder of WisePass seemed quite delighted over the new development and said,
“Providing some real use case to the blockchain ecosystem is a mission that WisePass has taken seriously. We have decided to position ourselves as a digital bridge between the crypto economy and the real economy. By doing so we enable crypto holders to spend their tokens as fast and simple as any other form of payment.”
How Can Users Avail the WisePass Services
WisePass services come with a $35 USD one-time Pass which allows the users a set of different services including lunch or dinner, a drink at Starbucks, a movie ticket, a haircut, a bottle of wine or spirits, a night in a villa, a session in some fitness club, a chiropractor session and soon many more.
The one-time pass can be scanned at the merchant's register, wherever the user wishes to redeem their credits. The one-time pass comes cheaper than the regular subscription fee. The one-time pass also has certain restrictions and limitation on its use to avoid exploitation.
The restrictions are applicable to the number of vendor visits allowed or having set limitations of choices but the overall intention is to drive consumers to various partner merchants and try different products.
The increase in the number of merchants online as well as offline accepting or availing crypto payment options. The main reason is that these cryptocurrencies are way faster in executing transactions, plus it is more beneficial for both the consumers and the merchants as it cut down various unnecessary fees associated with traditional digital payment portals. The change might look out of sync at first, but looking at the growing demand of cryptocurrencies, digital tokens as a mode of payment is becoming more common by the day.
DASH payment is working wonders for the WisePass, as the company can transfer the cost savings from using Dash towards various discounts and incentive programmes for the consumers. Although the consumers cannot directly use DASH payments at any merchant of WisePass and as of now it can only be used to make One-time passes. However, the company is hoping that the use of DASH in its system would compel its merchants to follow on the suite.
Dash is Growing in Popularity by the Day
There has been a significant rise in popularity and acceptance of cryptocurrencies around the globe, however, still, there are plenty who are skeptical about the future of cryptocurrencies. Many believe that non of the token developers are doing anything about the communication part where they tell the world why using digital asset far more easier and superior than the traditional fiats.
Dash has taken up that initiative by funding multiple projects through its DAO Treasury that can demonstrate to individuals how Dash offers them added value through faster, cheaper, and more secure transactions without having to abide by state-created inflation nor censorship.
DASH is making great strides towards mass adoption through various initiatives as well as funded projects. Recently, we also discovered that there has been a great initiative going on in parts of Africa to help people get out of their financial distress with the help of DASH. The leaders of the movement claimed that they chose DASH over Bitcoin because it's easier to use and have a smaller denomination and has better transaction speeds.