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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.

Bitcoin

John McAfee says he will reveal Nakamoto’s identity, Coinbase expands to 11 countries, and more

Priya

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John McAfee says he will reveal Nakamoto's identity, Coinbase expands to 11 countries, and more
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Daily Crypto News – April 18

1. John McAfee on Satoshi Nakamoto: The Founder of McAfee Associates stated that he would narrow down on the identity of Satoshi Nakamoto until he reveals Satoshi himself, otherwise he would reveal his identity to the crypto community. He also spoke about how he knows about Satoshi, to read about it, click here!

2. Coinbase expands its services to more countries: The leading exchange platform announced that it expanding its services to 11 more countries, which includes India, South Korea, and New Zealand. People in these countries can avail services provided on Coinbase.com, Coinbase Pro and its app on iOS and Android.

To know more about the countries Coinbase has expanded to, click here!

3. Craig Wright says the crypto-community want to silence him: Craig Wright, the self-proclaimed Satoshi Nakamoto, stated that the majority of the community was against him as they “desire to silence” him because they see someone who would bring an end to scams and pumps and dumps.

He also spoke about the next steps he would be taking in terms of the legal action concerning his defamation case. To read about it, click here!



4. Binance “marks the birth of a new genesis block”: The largest cryptocurrency exchange in terms of trade volume announced the launch of its Decentralized Exchange, and also stated that the mainnet swap would take place on 23 April 2019.

To read more about Binance DEX, click here!





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