DASH In Agreement With Indian Trading Platform
The development comes at a time when Dash is gaining big in South America, especially Venezuela.
Investors To Transact Freely on Dash
On Friday, Dash revealed that it had reached a deal with Bitbns, an Indian based crypto exchange platform. In the market, Dash is ranked 11th among cryptocurrencies. Dash was launched four years ago and it was set up on the bitcoin core code.
Bitbns made the announcement through its Twitter account. The exchange stated that clients will transact in Dash without incurring any additional charges. The firm added that transactions will also be quick.
The development comes when Dash is being used in Venezuela as support. The country is currently undergoing an economic meltdown. Recently, the Discover Dash platform was launched with the aim of assisting merchants. The platform has seen an additional 3, 000 accounts come on board. In Venezuela, about half of the entire merchant community has accounts based on the system.
Data released in August indicated that Dash held the largest market share in Venezuela. Reports indicate that Dash adoption on a weekly basis in Venezuela stands at 100 merchants. In the entire month, Dash dominance devalued Venezuela’s national currency by over 90%. With the rise of Dash, many people are now warming up to cryptos in the country.
Dash Exploits in South America
Additionally, Dash is at the forefront of establishing itself in the Latin America region through a number of initiatives. Dash signed a deal with Kripto Mobile Corporation. The firm is known to produce mobile phones that are supported by cryptos. Under the partnership, the phones will have an inbuilt Dash system with a wallet.
At the beginning of this year, EOSIO ecosystem launched an initiative to purchase and sell RAM with an inbuilt EOSIO’s parent crypto EOS. It was meant to come in handy in the event that clients run short on RAM space. It is key to note that Bitbns is the first exchange platform to list EOS RAM for sale.
Before enrolling DASH, the exchange also listed tether and ETC for trading. With DASH addition, users raised a number of issues with the platform. On Twitter, a user claimed that his deposit was pending for four days.