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Dash enters the automobile industry; cryptocurrency used for purchase in US based ‘AutoFair’

Akash Anand

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Dash enters the automobile industry; cryptocurrency used for purchase in US based 'AutoFair'
Source: Unsplash

In a move that is aimed to propagate the mass adoption of cryptocurrencies, AutoFair, a car dealership in New Hampshire has started accepting Dash as a form of payment. Latest reports from the company have shown that the car showroom has sold its first car fully paid in DASH.

The sale that occurred was processed by Anypay, a cryptocurrency point of sale application. Derrick J Freeman, an official from the company stated that:

“Most businesses that started accepting cryptocurrency were smaller, more marginal businesses, and we see that larger and larger businesses are accepting crypto. What normally happens is a business will accept digital cash often knowing that they can convert it to bank money. Yet almost always they learn about the benefits and decide to keep the digital cash themselves.”

This is not the first time that a cryptocurrency has been accepted for a mainstream purpose with Bitcoin [BTC] being accepted by Post Oak Motors since the start of September. The dealership had announced that it will accept payments in Bitcoin and Bitcoin Cash [BCH] through BitPay, a cryptocurrency exchange platform.

Tilman Fertitta, the owner of Post Oak Motors, stated:

“Being a premier luxury car dealer, I always want to offer my customers the very best buying experience and this partnership will allow anyone around the world to purchase our vehicles faster and easier.”

Dash was also in the news recently when it was revealed that the cryptocurrency company had partnered with Bitbns, a cryptocurrency exchange based in India.



In its official Tweet, Bitbns wrote:

“We are excited to announce our new partnership with @Bitbns, one of the leading exchanges in #India! For a limited time transact in $Dash for no fees on the #Bitbns platform!”

Dash has also created ripples in the cryptosphere by playing an integral role amidst the financial crisis in Venezuela, where a lot of merchants and traders use the cryptocurrency as a form of payment. Discover Dash, a platform for exploring the nearby Dash merchants and events had announced that the count of merchants supporting Dash around the world has gone over 3,000. Subsequently, Venezuela accounts for almost half of the total merchant adoption of the ecosystem.





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Engineering graduate,crypto head and Arsenal fan. Is fascinated by technology and all its marvels. Strictly against pineapple on pizza.

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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