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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.

Altcoins

Binance coin pumps by over 6% in an hour; breaks its all-time high

Namrata Shukla

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Source: Pixabay

On June 20, Binance coin [BNB], a coin ranked seventh on CoinMarketCap, surged by a massive 6.38% over the past hour. The coin also broke its all-time high and was trading at $36.47, at press time.

Source: Trading view

Source: Trading view

At press time, BNB was being traded at $36.47 with a market cap of $5.097 billion. The 24-hour trading volume of the coin was reported to be $571.64 million, as it spiked by 2.35% over the day. Over the past seven days, the coin noted a rise of 2.03% in its price and continued to rise by 6.38% within the hour.

This hike follows Singapore-based cryptocurrency exchange, KuCoin, listing Binance coin [BNB] and Binance announcing the launch of Elrond project on Binance launchpad. Binance funded the sharding-based public blockchain network in a private funding round, as the company closed the round with $1.9 million. It will be the next project supported by Binance launchpad and the token sale will be carried out in a lottery fashion. The token sale is scheduled to begin from June 22, 00:00 AM [UTC].

The coin was highly traded on Binance exchange with BNB/USDT pair and BNB/BTC pair. BNB/USDT took the first place as it noted a 24-hour trading volume of $137 million, followed by BNB/BTC which reported a volume of $126 million. The third position was taken by LBank exchange, which registered a trading volume of $120 million with BNB/USDT pair.





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