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DASH accepted by 3,000 businesses; sees an explosion of global merchant adoption

Shahrain KM

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DASH accepted by 3,000 businesses; sees an explosion of global merchant adoption
Source: Unsplash

Recently, the Discover Dash merchant directory, a service that allows business fees in Dash announced that more than 3,000 businesses across the world now accept Dash for payments. About half of these businesses are located in the Bolivarian Republic of Venezuela.

According to the directory, the numbers have increased significantly from 2,300 businesses accepting Dash in the past 15 days. About 50 businesses worldwide have been added on a day to day business ever since, significantly increasing merchant adoption in a short time span.

The Dash merchant directory also reported that Venezuela has vastly added to the Dash ecosystem with nearly 1375 merchants listed on the directory using Dash as a mode of receiving transactions.

The numbers indicate that about 45% of Dash’s known global merchant adoption comes from this region with the figures rising from 928 three weeks ago. According to these statistics, 447 merchants have come on board within the last 18 days which would account for about 25 new businesses getting listed per day in Venezuela.

A major reason for Venezuela’s interest in Dash could be due to the fact the platform partnered with Kripto Mobile Corporation [KRIP], a mobile brand that produces cryptocurrency-supported phones. The move was made to provide the Latin American community including Venezuela and Colombia a novel and inexpensive way of obtaining and adopting cryptocurrencies for their day to day transactions.

According to CoinMarketCap, Dash is currently the 12th largest cryptocurrency in terms of market capitalization. At the time of writing, Dash is trading at $191.25 with a market capitalization of more than $15 billion. DASH saw a hike of 6.63% in the past 24 hours.

Dash has also seen a surge in transactions towards the end of August and the past week as well even as the cryptocurrency market has been in a near constant bearish run. According to CoinMarketCap, the ZB exchange held 46.75% of the total market volume of the DASH/BTC pair while the exchange held 30.12% volume of the DASH/USDT pairing.

A Redditor named JTrader126 commented:

 “Good job everyone. Let’s see that exponential growth! 10,000 here we come!”

Another Redditor named Ankarlie added:

“This is indeed great news for the project. Mass adoption is well underway!”





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Shahrain KM is a writer at AMB Crypto. Her curiosity in Blockchain technology and Cryptocurrencies has led her to be a part of the news reporting team of AMB Crypto. She does not hold value in any cryptocurrencies currently.

Altcoins

Binance coin pumps by over 6% in an hour; breaks its all-time high

Namrata Shukla

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Source: Pixabay

On June 20, Binance coin [BNB], a coin ranked seventh on CoinMarketCap, surged by a massive 6.38% over the past hour. The coin also broke its all-time high and was trading at $36.47, at press time.

Source: Trading view

Source: Trading view

At press time, BNB was being traded at $36.47 with a market cap of $5.097 billion. The 24-hour trading volume of the coin was reported to be $571.64 million, as it spiked by 2.35% over the day. Over the past seven days, the coin noted a rise of 2.03% in its price and continued to rise by 6.38% within the hour.

This hike follows Singapore-based cryptocurrency exchange, KuCoin, listing Binance coin [BNB] and Binance announcing the launch of Elrond project on Binance launchpad. Binance funded the sharding-based public blockchain network in a private funding round, as the company closed the round with $1.9 million. It will be the next project supported by Binance launchpad and the token sale will be carried out in a lottery fashion. The token sale is scheduled to begin from June 22, 00:00 AM [UTC].

The coin was highly traded on Binance exchange with BNB/USDT pair and BNB/BTC pair. BNB/USDT took the first place as it noted a 24-hour trading volume of $137 million, followed by BNB/BTC which reported a volume of $126 million. The third position was taken by LBank exchange, which registered a trading volume of $120 million with BNB/USDT pair.





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