Connect with us

Altcoins

CEX.IO launch trading of Dash: Why its called a Digital Cash?

Published

on

The 1st Annual Dash Conference took place in London on September 24th. The Dash Core team has offered some clarity onto the governance of Dash, on how instant transactions work, what Dash Evolution is and a lot more. Following that, CEX.IO’s UK Executive Director Vitaliy Kedyk took the stage and announced the launch of Dash trading on CEX.IO. The conference was very informative, but whereas it was held in London only a limited number of people could attend it. So, let’s get things straight again.

What is CEX.IO?

CEX.IO is a UK-registered trading platform with a worldwide coverage. Simply put, a Bitcoin and Altcoin exchange. The company was established in 2013, at the time, they mostly worked as a cloud-mining provider. Now it’s a multi-functional, cross-platform cryptocurrency exchange.

The main principles of the CEX.IO team in a nutshell:Safety

Safety

Speaking of safety, we can split it into two more points:

  • Data Security. The SSL certificate is responsible for data encryption. While the Two-Factor Authentication won’t let intruders log into your account.
  • Financial Security. IO has strong relations with banks. (This not only provides safety but also the ability to withdraw your account funds to your credit card almost instantly.) The company is also certified for the PCI DSS compliance, which is a set of policies that ensure the safety of card data. Regarding cryptocurrency funds, it is important to mention that CEX.IO’s reputation was never under scrutiny for hackers’ thefts. In addition, the cold cryptocurrency storage engages for a subsequent and continuous serenity for crypto holders of CEX.IO.

Legal compliance

On top of all, CEX.IO is a FinCen-registered Money Services Business. With AML/KYC policies, it has developed a compliance program that verifies all the users that deposit/withdraw fiat or provide any transactions within the exchange. This ensures the legality of every single cent stored on the platform so that situations such as the one with BTC-e (when users couldn’t get their money back, due to the fact that the exchange accepted fraudulent money) won’t ever happen.

Ensuring this level of safety is not an easy task for the platform because it provides a very strong motivation for users to pass through all the required verification steps. The motivation is the following…

Ultimate level of user-friendliness

Safety is the main task, which is not easy to succeed with. That’s why user-friendliness remains in the background, but not in the case of CEX.IO.

The core team focuses on granting users with absolutely intuitive and plain interface. And this basically is the motivation we spoke about. It can sound glamorizing, although the number of million of validated users speaks for itself.

What is Dash?

First of all, it’s a cryptocurrency. Although, as the Dash team shared their plans for the upcoming year, you realize that their aim is incredibly higher and it will become more than just a cryptocurrency in time. So, let’s explore everything in succession.

Why ‘Dash’?

The idea behind the name makes much sense. Dash is digital cash. And that is what the core team wanted it to be. Think about this… Today, when the banking sphere is extremely advanced, we still sometimes prefer using cash because it is easier and faster. You just count the money and give it to the ‘recipient’. In order to simulate this in the digital world, developers equipped Dash with several very impressive features…

Instant transactions

Bitcoin and any other cryptocurrency blockchain are processed by miners. It didn’t even require any fees, at the outset. But in reality, the skyrocketing demand for cryptocurrency has resulted in the ‘network queues’, where you pay some fee in order to have your transaction moved up in the line. Even if you do that, it’s still hard to claim it as an instant transaction, because it takes a couple of minutes or more.

Dash’s network is basically divided into two levels. The ‘1st level’ processes all the transactions in the resembling way it works with other cryptocurrencies. The ‘2nd’ level is run by masternodes that perform special, or, kind of devoted tasks. One of them is to validate transactions. So, if you want to send some money to your friend, you can choose to pay a fee (which is not a significant one) and your transaction will be validated by the masternodes. As a result, it will be done instantly, or you could say you cut in line.

Private transactions

Many cryptocurrency enthusiasts consider Dash as a private cryptocurrency like Zcash. Although privacy is only an additional feature you can either use or not.

Anyway, this is another ‘task’ masternodes do. They gather all the transactions that are to be confidential and mix them, as a result, make them untraceable. On the way out, the receiver gets the necessary amount of Dash, but it’s almost impossible to define where it came from.

Dash Evolution

This is a code name of a software that the Dash team is currently working on. You can barely find any specific information concerning this product, however, hat they’ve already said at the conference cannot leave you indifferent.

It will be a sort of a blockchain-based social network with your own account, friends and of course the Dash wallet. As the core team said, they want it to be so plain and easy that your Grandma could use it.

The beta version should be finished by the end of 2017. Some people already call it a potential PayPal killer, while others are sceptic about such intentions. The final version is to be launched in the middle of 2018, that’s when we’ll see how this really works out. However, there is no doubt that such a concept can bring cryptocurrency and blockchain to a new level of usability and prevalence.

Dash on CEX.IO

From now on, users of CEX.IO have the ability to trade Dash with four different currencies. Bitcoin is one of them and the remaining three are fiat (USD, EUR, GBP).

As Vitaliy Kedyk said: “Dash and CEX.IO have much in common. Both aim at a massive contribution to crypto adoption. So, it was only a matter of time before we joined forces and implemented Dash trading on our platform.”

Advertisement
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Altcoins

How One Crypto Player’s Winnings have Reached $275k at CryptoSlots in Two Years

Published

on

CryptoSlots

Ever wonder if players really do get lucky from crypto casinos? Maybe not all, but we found one CryptoSlots casino player whose winnings have added up to a substantial $275k in wins in just two years of playing ($276,200 to be exact). David C is from California, and wisely started investing in Bitcoin in 2016 – in 2018 he decided to play at Bitcoin casinos with some of his savings, and the rest is history. Read our interview with him below.

Bonus code COINAD100 is valid for 100% match on deposits $25 – $500 until Dec 31st, 2020.

Do you have a strategy?
I only put in what I got out of crypto investing, I don’t play for hours on end – you have to be smart. I won a few thousand on the Jackpot game early on, got a huge win on Olympus High Limit version at one point. With bigger wins I like that I always set the money aside. Quit when you’re ahead.

But a lot of it as learning how the games work. I count the medium wins rather than hold out for bigger ones. And, at CryptoSlots, save up Jackpot Tokens and then play Jackpot Trigger for longer all in one go.

Have you always played online? 
I’ve played slots online a lot before – only been to two actual casinos in my life to be honest with you. You have more control over what you’re doing when you’re online.

What do you like about playing with Bitcoin?
When playing at btc casinos, I don’t have to get my bank involved or wait for payments to come through – I know exactly where my money is at all times.

Last but not least, what do you spend your winnings on?
Well some of it goes back into playing, some I keep in crypto, some I spend. Last year we did a trip around Asia. We went jungle trekking in Malaysia, I got my diving certificate in Indonesia, stayed a few days in Singapore. It was out of this world, such a vacation. We were planning on heading to Norway this winter to see the Northern Lights but, unfortunately, that will have to wait thanks to this coronavirus.

When asked about his favorites among Cryptoslots’ Provably Fair casino games, David said he largely alternates between the slots to diversify his crypto bets. So we took a look at his top ten games over the last six months and analyzed his payback ratio on each:

tabe

Interestingly, the High Limit games seem at a glance to be most volatile – offering the lowest payback ratio (Vegas Vibes High Limit at 72.5%) and the highest (Blazing Wilds High Limit at 179.1%). His standard video slot play produced more reliable wins but less chance of huge paybacks (e.g. Coin Rush at 105.8% and Vegas Twin at 99%).

Of course, it all depends on how much is bet and for how long the game is played. David bet the least on both Jacks or Better and Pyramid Plunder High Limit – maybe his inclinations warned him that luck was lurking elsewhere, maybe he quit too soon and longer gameplay would have increased his payback ratio! A significant win can make the world of difference.

We always ask our players if they believe in luck, and just like David, most of them tell us it depends on the day. For now, it seems his strategies are literally paying off.

If you’re fan of bitcoin casino games, check out Cryptoslots and take advantage of the 100% match using bonus code OURBTCNOV now.

Continue Reading

Altcoins

Celsius contributes the last 25,000 ETH to launch Ethereum 2.0

Published

on

Ether coins

Celsius, the industry-leading cryptocurrency rewards-earning platform, announced today that it has provided 25,000 ETH to the Ethereum 2.0 platform, giving it enough funds to meet its goal and launch on time. The contribution represents Celsius’s larger belief and support for Ethereum and the future of crypto.

“When Celsius first launched, we looked to Etherum to learn how to create a thriving, robust community,” said Alex Mashinsky, CEO of Celsius. “We built our CEL token on the Ethereum blockchain and used it to scale and become one of the fastest-growing companies in crypto. We are proud to inaugurate the Ethereum 2.0 Genesis and contribute the last building block with 25,000 ETH from the Celsius community and be a helping hand to a company that helped us scale our own project.”

The 25,000 ETH contributed from Celsius to Ethereum 2.0 are from Celsius’s pool of community assets and will be used to generate even higher yield for the community through Ethereum’s advanced blockchain platform. Celsius users can earn up to 7.21% APY on ETH held in the Celsius wallet, and earn rates from 3-15% APY on over 40 additional cryptocurrencies. Celsius also provides 1% APR loans with no origination fees to ETH holders and other asset users.

About Celsius
Celsius helps hundreds of thousands of consumers worldwide to find the path towards financial independence through a high compounding reward income wallet and low-cost loans accessible via a mobile app. Built on the belief that financial services should only do what is in the best interests of the depositor community, Celsius is a Blockchain-based fee-free platform where membership provides access to curated financial services that are not available through traditional financial institutions. For additional information please visit www.celsius.network

Continue Reading

Altcoins

Total Network Services Corp. Closes Series A Security Token Offering

Published

on

werwer

Total Network Services, Corp., a San Diego-based blockchain services company (“TNS” or the “Company”), today announced the close of a Series A round of security tokens. Deal Box Inc., a San Diego-based capital advisory and financial technology firm (“Deal Box”) structured the security token issuance and provided marketing support throughout the offering process.

TNS further announced that it intends to commence a follow-on Series B security token offering (the “Offering”) for up to $25 million. The Offering, which will begin in November, has been set at $1.00 per token with a minimum investment of $25,000, and will be promoted on the Deal Box dlbx.io marketplace.

The Offering will be made solely to accredited investors under Rule 506(c) of Regulation D promulgated by the Securities and Exchange Commission under the Securities Act of 1933, as amended (“Securities Act”). TNS has engaged Vertalo to manage its KYC/AML integration, tokenization and transfer agent service and, on close of the Series B offering, it intends to list on the Tezos XTZ Chain.

TNS intends to use proceeds from the sale of TNS tokens to complete the acquisition of key technology that to date, it has had the exclusive worldwide rights to market under the Digital Names ™ brand, in addition to global OTT network and related assets and intellectual property (“Acquired Assets”).

Thomas Carter, CEO of TNS, stated that “we are excited to have secured the rights to the technology we have been working so hard to develop and commercialize under a marketing agreement. In addition, the proceeds from this planned offering will provide capital that will enable us to launch a worldwide marketing campaign to promote Digital Names and our related service offerings.”

In addition, TNS intends to remain opportunistic in identifying complementary technologies as potential acquisition candidates that will enable it to broaden its solution set and accelerate its growth plan.

Continue Reading

Altcoins

LH-Crypto – Margin Trading with Cryptocurrencies

Published

on

bitcoin trading

In 2018, LH-Crypto has become one of the most successful projects in the crypto industry. The crypto community was particularly attracted to the hi-tech start-up’s ICO for its concept of the first-ever full-scale crypto broker. The idea worked out well, so two years later LH-Crypto continues amazing its investors and clients with the pace of its development and the high quality of its services.

LH-Crypto company was among the first to create a platform for investing cryptocurrencies, thus developing the whole industry. The experience that this professional team had accumulated helped them create a range of investment products for crypto owners which were a breakthrough for this trading subindustry.

LH-Crypto broker was the first one to give people an opportunity to trade crypto with leverage and invest it into the most conservative financial assets like stocks and precious metals.

LH-Crypto gives everyone access to trading 

An important part of LH-Crypto services is that they are easy to access for traders of all levels and capacities. One can start trading with as little as 10 Euro on his or her deposit. Clients with over 10000 Euro on their accounts receive advanced conditions for trading and withdrawal.

More than that, the company maintains the main principle of the crypto market – anonymity.  Whenever one opens an account in crypto, be it Bitcoin, Ethereum, Tether or other, it can be used with no special verification. This option, however, is not applied to the accounts denominated in Euro, for most of the payment systems are very strict about the rules for fiat currency transactions.

LH-Crypto provides high-quality operations thanks to the most cutting-edge trading platform. Clients’ orders are processed instantly, with no slippage and for the best market prices. The trading platform algorithms pick the best leverage level for each deposit, from 1:2 to 1:500 that helps eliminate unnecessary risks for every trading strategy.

Trading assets for everyone

The list of trading assets in LH-Crypto includes assets of both investing and speculative natures: cryptocurrency pairs, fiat currency pairs, mixed currency pairs, precious metals, commodities, stocks, indices – more than 240 listed assets.

Forex and crypto markets work round the clock, so it is possible to trade any time joining different trading sessions in different exchanges. Apart from that, iOS and Android-based mobile apps enable traders to follow the market and make orders wherever they are.

Automated deposit and withdrawal

Withdrawal from LH-Crypto account is just as easy as depositing funds. These procedures are performed both in the Client Area and in the trading terminal, so every operation can be made by just clicking several buttons.

Special offers and bonus programmes

Motivating offers are a crucial part of working with customers, so LH-Crypto regularly replenishes its clients’ accounts with trading bonuses and offers other trading privileges.

Transparent partnership

LH-Crypto takes special interest in enlarging its footprint, so the company readily partners with other projects and individuals both online and offline. The broker’s partnership programmes are famous for their high payouts, sparing requirements to the partners, and user-friendly support at all stages.

Continue Reading

Altcoins

Digital commodities exchange Emirex introduces Bitcoin SV trading pairs

Published

on

Bitcoin SV

Emirex, the Dubai-based digital commodities exchange, today announces that it has officially introduced support for Bitcoin SV [BSV] on its platform. With immediate effect, BSV/USDT and BSV/EUR trading pairs are listed and available for use. Emirex will also introduce a BSV/AED trading pair at a later date, which will be the first direct BSV/AED pair available in the market.

Demand for Bitcoin SV continues to climb globally, as the utility of its massively scaling blockchain drives growth across its ecosystem of applications and services, in addition to functioning as a popular payments rail due to its fast transaction times and very low transaction fees (sending a Bitcoin SV payment costs only 1/100 of a U.S. cent).

While strategically based out of the Middle East, the Emirex platform is truly global, offering investors and traders alike an easy avenue to acquire and trade digital commodities – including Bitcoin SV – within a regulatory compliant environment. Customers can fund their accounts using Visa, Mastercard, and Maestro, in addition to EUR SEPA transfer. USD, EUR and AED options via SWIFT transfer will also be available soon.

Speaking on the introduction of Bitcoin SV, Emirex CEO Grigory Rybalchenko, commented:

“Our cooperation with new projects is of high importance for our business performance. Today, we welcome the engagement with Bitcoin SV. It is a great pleasure for us to list such a promising project and we are looking forward to a long-term cooperation. The Emirex team will provide high-quality service and constant support to the BSV community in order to provide a better trading experience.”

Welcoming today’s announcement, Jimmy Nguyen, Founding President of Bitcoin Association – the global industry organisation which works to advance business on the Bitcoin SV blockchain – said:

“As demand for Bitcoin SV grows around the globe, the introduction of new trading pairs on the Emirex exchange facilitates another fiat onramp for those active in our ecosystem to buy and sell BSV.  Emirex has an exciting roadmap forward with expansion planned through the Middle EastAfrica and Europe – a journey that we are delighted Bitcoin SV will be a part of.”

Continue Reading

Altcoins

VirgoX Lists Canadian Dollar Stablecoin QCAD, Aiming to Establish a World Stablecoin Trading Center

Published

on

VirgoX

VirgoX announced that it will be partnering with Toronto based firm Canada Stablecorp to list QCAD, the first major Canadian dollar stablecoin on their exchange. Starting today QCAD will be available to buy, sell and trade on the VirgoX exchange platform. Initially, VirgoX will be offering QCAD as a trading pair to USDT but has plans to expand that to other major stablecoins including ones denominated in Asian currencies in the second half of 2020.

“VirgoX has a strong commitment to build the world’s first stablecoin trading center. It actively looks for stablecoin projects across different stages that are well-designed and likely to be adopted by global users both within and outside of the digital asset space. QCAD is the most promising Canadian dollar stablecoin that is backed by a team of experienced capital market professionals in Canada. It is our pleasure to work with the QCAD team and excited to be the first international exchange that lists and promotes QCAD. ” -Adam Cai, CEO of VirgoX.

This will be Canada Stablecorp’s first major international exchange integration and the launch of their first US dollar stablecoin trading pair. This integration with VirgoX will help to accelerate QCAD adoption internationally, enabling it to be the tool-of-choice to move funds in and out of Canada in a more efficient way.

“Canada Stablecorp is thrilled to bring QCAD onto the Virgo X platform as we truly believe in the promise and potential of establishing a venue to trade stablecoins against each other. This listing will provide the first major crypto native exchange rail between a Canadian Dollar Stablecoin (QCAD) and a US Dollar Stablecoin (USDT), a use case that we are very excited to be unlocking. The fiat FX market is the largest financial market in the world with over $5 Trillion traded daily. If we can help digitize and execute even a small percentage of that with Stablecoins, we would be helping and adding value to a significant number of companies and individuals.” – Jean Desgagne, CEO of Stablecorp

Over the last two years, stablecoins have seen a 415% gain in market capitalization, growing from $2.6 Billion in May of 2018 to over $10.8 Billion at the present day, according to CoinMetrics. This year the appetite for stablecoins has resulted in an additional $4 Billion added to the total market capitalization between February and May.

VirgoX will accelerate the establishment of a world Stablecoin trading center by launching a series of well-designed Stablecoins and incubate Stablecoin projects from early stages. With its complete ecosystem ranging from spot & contract trading, lending, global payments & remittance, traders can experience a full-functioning Stablecoin trading platform. VirgoX will launch more innovative products, such as Stablecoins empowered FX pairs, meeting the present needs of users and anticipating future demands.

Continue Reading

Altcoins

Sylo announces top-tier exchange listing for SYLO Token

Published

on

Sylo

Global software development house Sylo announced today the listing of their SYLO cryptocurrency token on major global exchange KuCoin. The SYLO token is available for public trading on the KuCoin platform effective immediately.

The release of the SYLO token has been a much-awaited next step from the creators of the Sylo Network, Sylo Protocol and next-generation decentralised app, the Sylo Smart Wallet. The successful release of the SYLO token is now just the latest in a string of authenticating milestones for the company.

“This is a very exciting time for our team and all our partners, collaborators and stakeholders around the world. This event has been a long time in the making and adds to a series of awesome developments we’ve seen here at Sylo over the past half a year,” says Dorian Johannink, Sylo Co-Founder and Business Director.

A utility token, SYLO, is an ERC20-compatible cryptocurrency token that fuels the Sylo Network. SYLO tokens are used on the network for a range of purposes, such as to allow users to become Service Peers or to access additional services available in the Sylo Smart Wallet.

A key zone of application for the SYLO token, the Sylo Smart Wallet is the New Zealand-based technology studio’s game-changing app that combines a digital wallet with a decentralised private messenger.

Released in global app stores just six months ago, the popularity of the Sylo Smart Wallet has been successfully climbing since its launch and the app now boasts over 200,000 users.

In the Sylo Smart Wallet, users can connect from the safety of a wallet address, send and receive digital assets in chat, make audio and video calls, and store Bitcoin or any ERC-20 compatible token, such as SYLO or Ethereum, in a non-custodial wallet.

Known as “The People’s Exchange”, KuCoin is a global cryptocurrency exchange with millions of users across more than 100 countries. Renowned for their human-centric motivation for Web3.0 and “user-first” approach to software development, the choice for Sylo to list their namesake token on KuCoin is a meeting of like minds.

Continue Reading

Altcoins

Crypto.com Exchange Features ETH on The Syndicate Lite

Published

on

aviation

Crypto.com is pleased to announce the listing of Ethereum (ETH) on The Syndicate Lite platform. All Crypto.com token (CRO) token stakers will be able to participate in a discounted sale event for 250,000 USD worth of ETH at 25% off. The listing event will commence on Tuesday, 14 April 2020 on the Crypto.com Exchange.

Syndicate Lite Allocation: Each participant’s maximum amount of CRO that can be applied towards the listing event will depend on the amount of CRO Staked on the Crypto.com Exchange, as shown in the table.

Syndicate Lite Allocation Subscription:

  • Crypto.com Exchange users will be able to subscribe for ETH by contributing an amount of CRO tokens not exceeding their respective maximum allocation.
  • Staked CRO tokens may not be used to subscribe for ETH in this event.

Listing Event Timeline:

Syndicate Lite Allocation Distribution: Listing Event participants will receive their finalised ETH allocation at Distribution Time. If the total contributed amount for the listing event is above the total discounted allocation, each individual participant’s final ETH coin allocation will be calculated in the table.

Notes:

  1. Crypto.com reserves the right to cancel or amend The Syndicate Lite campaign rules at its sole discretion.
  2. Citizens and residents of the United StatesChina and Hong Kong will be excluded from The Syndicate Lite campaign.
Continue Reading

Altcoins

Stellar Development Foundation Announces Strategic Investment in DSTOQ

Published

on

StellarX

Stellar Development Foundation (SDF) announces the closing of a strategic investment in DSTOQ Group AG. The investment of $715K, paid in lumens, is the first made by SDF through their new Enterprise Fund. DSTOQ, a Liechtenstein-based FinTech company, helps make investing accessible and affordable for people in emerging markets, through a borderless digital interface for security tokens built on the Stellar network, a global, decentralized open source blockchain. Through the DSTOQ interface, users have easier access to blue chip shares, such as Tesla or Amazon, as well as bonds, indices and commodities using fiat or cryptocurrencies.

DSTOQ’s first market will be Vietnam, followed by South Africa and other African, South American, and Asian developing countries. DSTOQ users require only a smartphone to access global financial markets, which thanks to Stellar’s infrastructure layer, makes the entire process not only more accessible but also more efficient.

About the investment, Denelle Dixon, CEO and Executive Director of the Stellar Development Foundation (SDF), said: “At SDF, we seek to unlock the world’s economic potential by making money more fluid, markets more open, and people more empowered. DSTOQ’s sharp focus on cross-border investing and their unique approach to helping people in emerging markets to gain access to investment opportunities abroad speaks directly to our mission at SDF. Together, we hope to improve the lives of millions of people while simultaneously creating exciting new business opportunities.”

Craig Mc Gregor, CEO and co-founder of DSTOQ, said, “We are grateful for SDF’s vote of confidence and continued support towards our shared vision of building and improving the global financial system. Together, DSTOQ and SDF aim to improve financial inclusion in markets that desperately need better access to global products. For too long these markets have been ignored – we look forward to changing that with this exciting technology.”

DSTOQ made the strategic decision to use blockchain technology in the development of its architecture due to some unique properties that benefit their business model. For example, Stellar enables the tokenization of assets, such as shares of Apple, in a far more efficient manner that allows users in emerging markets to invest at a fraction of what it would otherwise cost. The use of the Stellar blockchain proved to be a game-changing decision for the company, as they mention in their blog.

Jed McCaleb, co-founder and Chief Architect of Stellar, said, “DSTOQ is making markets accessible to new geographies, connecting the world’s global infrastructure in an exciting and innovative way. We are really excited to see companies like DSTOQ take the use cases for our technology to the next level.”

DSTOQ has focused on the building blocks of an entirely new financial system, developing the technology and partnerships required for its success. In the months to come, DSTOQ will share more insights on these foundational steps, including a new partnership with an innovative European bank with strong ties to Asia.

About DSTOQ
DSTOQ helps make investing accessible and affordable – for people in emerging markets. The group of DSTOQ companies provides services such as Token Generation for the creation of security tokens, as well as a digital interface for transactions of security tokens, through which users have easier access to blue chip shares, such as Tesla or Amazon, as well as bonds, indices and commodities using fiat or cryptocurrencies.

About Stellar
Stellar is a decentralized, fast, scalable, and uniquely sustainable network for financial products and services. It is both a cross-currency transaction system and a platform for digital asset issuance, designed to connect the world’s financial infrastructure. Dozens of financial institutions worldwide issue assets and settle payments on the Stellar network, which has grown to over 4 million accounts.

About Stellar Development Foundation
The Stellar Development Foundation (SDF) is a non-profit organization that supports the development and growth of Stellar, an open-source network that connects the world’s financial infrastructure. Founded in 2014, the Foundation helps maintain Stellar’s codebase, supports the technical and business communities building on the network, and serves as a voice to regulators and institutions. The Foundation seeks to create equitable access to the global financial system, using the Stellar network to unlock the world’s economic potential through blockchain technology.

Continue Reading

Altcoins

Dash and Cryptobuyer Announce Partnership to Serve Burger King Venezuela

Published

on

Burger King

Dash, the leading cryptocurrency for payments and e-commerce, has announced a new milestone in its partnership with Cryptobuyer, the leading platform to buy and sell cryptocurrencies in Latin America. Through the Cryptobuyer platform, Burger King restaurants in Venezuela will now accept Dash payments. Cryptobuyer’s point of sale system has been rolled out as a pilot, initially in Burger King Caracas at the Sambil store, as cryptobuyer and Burger King are aiming to serve all 40 locations nationwide in 2020. This development is the result of receiving significant demand from Dash users and local merchants in Venezuela.

“Dash usage continues growing at a rapid rate in Venezuela, as it provides an alternative that is a more reliable payment method and store of value,” said Ryan Taylor, Dash Core Group CEO. “We are happy to collaborate with Cryptobuyer to keep growing the Dash ecosystem and serve Burger King and its customers.”

This franchise roll-out marks yet another milestone in Dash’s expansion plans in 2019, as Venezuela continues to be a key target market for Dash. Already, around 1,000 verified merchants in Venezuela accept Dash at point of sale.

“The growth of Cryptobuyer in South America, especially in Venezuela, is another example of how this region is ahead of the curve in adopting cryptocurrency as a real method of payment,” said Cryptobuyer CEO Jorge Farias.“Venezuela portraits a mix of situations that make it a perfect ground to deploy real-world cryptocurrency solutions, such as hyperinflation, cash shortages, deteriorated banking and communication infrastructure. The factors,in conjunction with the government’s initiative to use cryptocurrency as a payment method, will push use and adoption of these cutting-edge technologies, and we are really proud to lead this push.”

Burger King has been training its teams and stores during the past weeks and will slowly roll out Dash payments into all stores in Venezuela, with plans to also accept the other cryptocurrencies in Cryptobuyer’s portfolio.

For more information on Dash, visit dash.org. For more information on Cryptobuyer, visit cryptobuyer.io.

Continue Reading

Trending