On 15th July, Dash announced its partnership with CoinFlip ATM. This enabled it to increase Dash’s exposure to the North American market with plans set in place to expand it to other regions as well.
Dash has gained quite a following over the past few weeks with a slew of developments form its side. To celebrate this recent partnership, Dash and CoinFlip ATM have decided to do away with all transaction fees for withdrawals conducted exclusively on CoinFlip ATMs.
The peer-to-peer cryptocurrency company has also decided to conduct competitions and hold Dash ‘giveaways’ to mark the tie-up. This announcement was met with a lot of positive responses on Reddit with users praising the move.
Danielzopola, a Reddit user commented:
“Excellent news! One more step towards mass adoption.”
Another Redditor, ericools exclaimed:
“This is the kind of thing we really need.”
Dash coin, created in 2014, aims to be the most user-friendly and on-chain-scalable cryptocurrency in use. The cryptocurrency is self-funded and self-governed, making it answerable to its users instantly. The main advantage of Dash is that it is based on a fully established double-spend proof system. The additional features include enhancing user privacy, reducing the UTXO set size and lessening the number of inputs delegated to each Dash wallet.
CoinFlip is a cryptocurrency ATM that was established in 2015. Compared to ordinary online cryptocurrency exchanges, CoinFlip charges its user with a higher buy and sell percentages. However, the main advantage of using the ATM is that the transactions are instant and are in fiat currency. The company’s website states:
“We strive to provide the best cash to crypto experience possible. Our next-generation terminals have never made purchasing and selling cryptocurrency easier. Skip the long onboarding times of traditional exchanges and join the revolution. It’s never too late.”
In an interview in 2017, Benjamin Weiss, the COO of CoinFlip owed CoinFlip’s success to the sheer demographic that uses the service and the substantially lower costs of ATMs compared to wire transfers. He believes in the ATM’s ‘run the gambit’ of transactions.
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