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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