Cryptocurrency Dash Exhibits Real-World Application Through Venezuela Adoption | BTCMANAGER
Bitcoin, Blockchain & Cryptocurrency News
Dash is one of the lesser recognized privacy coins but has exhibited some of the strongest use cases and adoption metrics. Despite more popularity residing with ZCash and Monero, Dash has progressed incredibly well. Cryptobuyer, a Latin American exchange and crypto merchant solution, has stated that Dash has been the most used cryptocurrency in the region for months on end, as reported by DashNews, October 17, 2019.
Frontlines of Crypto
Venezuela, Turkey, and Hong Kong have emerged as the real frontlines of cryptocurrency adoption. Whilst there isn’t all that much building and development activity from the above jurisdictions, these are the regions that are plagued by social and political problems that cryptocurrency can, and has solved.
Dash was incredibly popular in 2017, but all the hype has supposedly died down. In reality, the network was gaining real adoption in places where a privacy enabled coin helped people lead better lives despite the economic downturns they were experiencing.
In Venezuela, Cryptobuyer’s point-of-sale machines are integrated with notable regional merchants. The company also introduced an NFC card that is pre-loaded with Dash for easy use; this launch was spurred by the demand for a physical card to use cryptocurrency.
In the summer of 2019, Dash announced that they had over 15,000 active Android wallets in Latin America, with 10,000 coming from Venezuela alone. Today, that figure is a startling 24,000 for just Venezuela.
Privacy as a feature is one of the most important aspects of cryptocurrency transactions.