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Dash [DASH] partners with payment processor AloGateway




Dash [DASH] partners with payment processor AloGateway
Source: Pixabay

Dash, a peer to peer cryptocurrency, partners with AloGateway, a global payment processor. Dash stands for digital cash, and while Dash features instant transactions, perhaps the partnership might mean greater exposure for the altcoin. AloGateway, this week, announced that it would integrate Dash into its platform. It would enable traders on AloGateway to hold, send and receive Dash.

Dash aims to be the most user-friendly and most on-chain-scalable cryptocurrency in the world. Its network features instantly confirmed and double-spend-proof model. Dash’s self-funded, self-governed organizational structure, sometimes referred to as treasury system or decentralized governance by blockchain, makes Dash a DAO [decentralized autonomous organization].

Sherwin Quiambao, CEO of Alogateway, is reported to have said:

“We had a number of reasons for choosing Dash as one of first digital assets we offer on our platform. First, Dash has among the lowest fees and fastest transactions of any blockchain network. Dash also has an active community, particularly in parts of Asia and Europe where we are seeing a lot of potential for growth.”

This integration of Dash might be key to its adoption across Asia.

Karen Hsu, Head of Growth, said:

“We are looking forward to helping AloGateway expand its adoption of blockchain technology. AloGateway is leading B2B payments in Asia by providing merchants with the choice and flexibility to transact in fiat, Dash and other digital assets such as Bitcoin, Litecoin, Ether.”

Dash Core’s CEO Ryan Taylor said:

“TThis is an exciting next step for Dash as AloGateway is already a recognized and well-respected solution for networks like China Union Pay. As one of the largest payment processors in Asia, AloGateway is a key partner for Dash as we look to continue the expansion of our global network, particularly in Asia and other crypto-heavy regions.”

Dash is priced at $268.68, with a market cap of $2.1 billion.

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A fourth year engineering student at SASTRA, working freelance at AMBCrypto. Writing and football are passions, and cryptos are an avid interest.