Highlights
- Dash announces a partnership with Bitfy
- Users will be able to transact seamlessly with a low transaction fee
A Brief About Dash
Dash is a cryptocurrency that focuses on payments and has a privacy feature. XCoin, a fork of the Litecoin (LTC) cryptocurrency, was the precursor to Dash. The asset was renamed Darkcoin, Dash, and then Darkcoin again. Because it runs on its blockchain, Dash is a coin, not a token. Dash coin (not dosh coin, which is a typo) is marketed as a cryptocurrency that provides speedy and inexpensive transactions, as well as the additional freedoms that blockchain-based crypto assets provide. Because Dash is not a stablecoin related to the value of any underlying item, its price has varied dramatically over time.
How Will Users Benefit From This Collaboration?
Mark Mason announced on his Twitter page that DashPay would be collaborating with Bitfy. According to him, the partnership would enable Bitfy users to transact with Dash easily.
“This new partnership enables Bitfy users to easily transact with #DASH at more than 1.5 million retailers throughout Brazil.
is built for payments, offering low transaction fees and nearly instant transaction times”-Mark Mason
As quoted by Mark Mason, “Dash is designed for low transaction fee and almost an instantaneous transaction time”. As a result, users will transact almost seamlessly.
“Bitfy is the leading Cryptocurrency super-app in Brazil. Bitfy created not only a great Cryptocurrency wallet, but an ecosystem that allows users to spend their Cryptocurrencies virtually everywhere and have access to discounts” -Ryan Taylor, Dash Core Group CEO
Bitfy was established in 2019 and has processed over R$70 million in transactions to date, including R$45 million in the last five months. In addition, Bitfy extended support for more currencies other than Bitcoin in the first quarter of 2021, including Ethereum, Ripple (XRP), and now Dash. Users of Bitfy will be able to pay with Dash at Cielo point-of-sale terminals all around Brazil. Cielo is Brazil’s largest payment processing company.
Moving Into The Future With Dash
Dash has a long history of product development and innovation, with several unique products and features delivered throughout the years. Dash, first released on January 18, 2014, swiftly gained new features centered on speed, anonymity, and usability, making it perfect for usage as a digital currency. Dash has an ambitious roadmap and a track record of delivering financial freedom and shaping the future of payments for individuals worldwide.
Some of Dash’s exceptional products and features are Dash wallet, DashPay Evonet, and DashPay Testnet for Andriod. As of the time of this writing, Dash is currently worth $3.74 with a market capitalization of $2,484,017,168,618.
