This Crypto Could Dethrone Bitcoin as King of Digital Cash
It’s been a breakout year for Dash…
In February, Dash partnered with BlockPay.
BlockPay allows point-of-sale purchases. That means you can spend Dash at select brick-and-mortar stores. BlockPay is available around the world and in 44 languages.
In March, Dash partnered with Wall of Coins.
Wall of Coins allows you to buy Dash through major financial institutions such as Chase Bank and Western Union. That makes it easier for Dash users to exchange cryptocurrency for their local currency.
That same month, Dash partnered with Coinapult. Coinapult allows you to buy Dash with 20 different fiat currencies.
And in May, Dash teamed up with BlockCypher. This is even bigger news…
BlockCypher provides technologies that allow businesses to work with cryptocurrency blockchains.
BlockCypher already works with the U.S. Department of Homeland Security and financial consulting firm Deloitte.
Cryptocurrency services Abra and Xapo are also clients..
--
The partnership with BlockCypher is a significant step toward mainstream adoption of Dash.
These are just a few of the partnerships Dash has put together in 2017.
And after looking at Dash, I think it has the potential to surpass bitcoin as the most widely used cryptocurrency for payments
.
Today, I’ll show you why Dash is separating itself from bitcoin to become the king of digital cash.
Designed for Payments
Dash is a cryptocurrency. Its name is a combination of the words digital and cash.
Dash was originally designed for private, anonymous transactions.
Today, Dash has repositioned itself as digital cash. Its developers want to make cryptocurrency payments so easy that
Grandma can make them.
Dash has three features that make it a better solution for payments than bitcoin:
First, it’s fast. Its InstantSend payment feature allows for payment confirmation in less than a second. Bitcoin’s transaction
times can take up to 10 minutes.
Second, it’s private. Dash’s PrivateSend feature ensures your activity history and balances are private.
Third, it’s self-governing and self-funding. Dash’s governance model ensures continuous improvements to the network. (In
crypto-speak, it’s a true “decentralized autonomous organization.”)
Dash’s new partnerships and unique features are paying off…
As Connections Increase, Adoption Follows
There are about 5,000 Dash transactions per day. That’s up from about 1,000 at the start of the year.
Transaction volume has grown by five times as well.
And we’re seeing Dash used in real-world cases, too…
Take Living Room of Satoshi, for example.
It’s an Australian company that allows people to pay bills with cryptocurrencies. You can make utility, rent, credit card, and
insurance payments on the website.
(People familiar with cryptocurrencies might recognize the Satoshi name. It refers to Satoshi Nakamoto, the pseudonymous
name of bitcoin’s creator.)
At first, Living Room of Satoshi only accepted bitcoin. Now it accepts five more currencies.
And while bitcoin is still the most used, Dash has quickly moved to the second spot.
With all the new partnerships, it’s no surprise that Dash is up 663% for the year.
And it’s just getting started.
Right now, the market values Dash at $600 million.
But consider this: Revenues for the payment industry are over $1 trillion every year. And they’re expected to hit $2 trillion
by 2025.
So there’s plenty more upside for Dash..
Its the time to put Dash in your radar..
thanks for reading..
hope to upvote..thanks and appreciate..
Not to be rude but you need to work on your formatting quite a bit. Try grouping the lines into categories and subcategories according to where they are most relevant.
Other than that, good post, certainly has information I didn't know was the case.
Do you happen to have sources? Interested in looking into this currency more as eToro is going to let people trade this soon.
Cheers,
K
thanks karth
Thanks for the overview
thanks secretidentity