DASH is making it possible for Venezuelans to complete crypto transactions via SMS text messaging, eliminating the need for users to have smartphones or even internet access.
In impoverished nations like Venezuela, demand for cryptocurrency is growing, but possessing technology has been a significant barrier to entry.
Dash Text seeks to change that. Dash built this solution with BlockCypher. Currently in beta testing, Dash Text will enable users of Movistar and Digitel — Venezuela’s largest telecom providers — to access Dash services via a simple five-digit shortcode.
Venezuelans living abroad send an estimated $2 billion USD back home in remittances. This process often takes too long and costs too much, making it a huge pain point for many users. With Dash Text, we are providing real solutions that address real problems. People need easy and cheap ways to send money home, and we’ve done it in a way that expands the Dash ecosystem to those without smartphones! Dash Text offers the perfect solution to ensure that everyone can become part of the Dash family, regardless of what phone people own. ~ Bradley Zastrow, Global Head of Business Development at Dash Core
According to the announcement, to get registered on Dash Text, users should send an SMS with the word “DASH” to 22625, followed by another SMS with the word “CREAR,” which will create their Dash wallet. Once this is done, users will be able to send and receive Dash seamlessly via SMS, which could potentially be huge for the sizable population of Venezuelans who use feature phones or lack reliable internet access.
Earlier this week, Venezuela announced the release of its state backed crypto Petro, available for fiat, BTC, ETH, LTC, and Dash.
At the time of this writing, Dash is up 5.78% on the day at $166.71.
For inspiration, support, and service,
sign up to receive our newsletter the Chronicles of Eden
delivered straight to your inbox once a week!