The adoption of the Dash in Venezuela surpasses all other crypto-currencies combined
More than 500 merchants now accept Dash as a payment method in Venezuela. It can be used for the purchase of real estate at Remax Venezuela, motorcycles at Motos Bera and pastries at Susy Cookies.
While Bitcoin dominates the international scene, Dash stands out as the cryptocurrency of choice in the Venezuelan government. According to Cryptobuyer, a crypto-Latin American stock exchange, Bitcoin has virtually disappeared from the region in favor of the Dash.
Jorge Farias, the CEO of the crypto-stock market, said:
"Cryptobuyer was the first platform in Latin America to integrate the Dash in early 2017, as well as the first to offer it in Venezuela. Every month, we see how Bitcoin and Dash are fighting for the largest volume of our operations, but with regard to the largest number of transactions, the Dash is winning. "
An alternative to the economic crisis
The Venezuelan economy has been experiencing persistent financial difficulties since the price of oil dropped in 2014. The inflation rate could reach 1000000 this year. One of the most serious inflationary crises in modern history. While fiduciary money suffers these effects, crypto-currencies break out of this impasse as numerical alternatives.Long regarded as a dictatorial regime, Venezuelan politics is fairly open to new technologies, including Blockchain and virtual currencies since the advent of the national cryptocurrency, Petro.
"There seems to be a misconception that the Venezuelan government is anti-digital currency. The country is going through a serious economic crisis, and an outcome is an issue. In addition, local defenders of cryptocurrencies said that the creation of the state-supported Petro had been beneficial for the adoption and knowledge of other crypto-currencies, "said Valenzuela. "
A global approach targeting Caracas as "capital of cryptocurrency"
In addition, a growing number of local vendors and merchants are accepting Dash as a payment option. About 522 companies accept it . Users are free to view all transaction information on the Discover Dash website. The first Dash conference was held in Caracas in September 2017, and the virtual currency expanded to Venezuela. Its strategy focuses on user awareness, acceleration of promotion and acceptance of local companies."The major impact and marketing work was done in Caracas. Every day, more and more people know the Dash because of our billboards, our conferences, our presence on food trucks, etc. When you ask people if they know what the Dash is, it's very common to hear that it's a cryptocurrency, I've seen the billboards and some traders accept it, and I would like to know more. This tells us that the marketing work has been effective. This is not considered a scam, at first some people ask if it is related to the "Petro" of the government because, as you know, the propaganda made by the government with this digital currency was very intense. But we say of course that it's not related to the government,https://twitter.com/dashmerchant/status/1021767200984756224
Given the current economic situation, the advent of crypto-currencies led by Petro quickly materialized . The Dash focuses on daily trading and payment services. It ranks 14th in the cryptocurrency ranking based on data from CoinMarketCap. Its market capitalization is $ 2.03 billion. Its price is around $ 245, up 0.68% at the time of writing this report.
What do you think of the growing acceptance of the Dash as an alternative to Venezuelan fiat money? What's the benefit of Dash on Bitcoin? Let us know in the comments below.
Posted from my blog with SteemPress : https://infos.link/the-adoption-of-the-dash-in-venezuela-surpasses-all-other-crypto-currencies-combined/