Dash – the digital cash cryptocurrency – has a new payment app for day-to-day commerce transactions with 155,000 vendors and more than 125 online retailers.
These initial Dash commercial partnerships represent seven times more in-store merchant locations than Bitcoin (BTC) globally.
In a huge move for cryptocurrency adoption, the DashDirect app has received support from a plethora of major American retailers, many of which are now offering a 12% discount for purchases conducted through the cryptocurrency app.
“DashDirect is a cryptocurrency game-changer for payments, user adoption and merchant acceptance in the United States providing unrivalled utility,” said Mark Mason, Business Relations Manager for Dash.
The list of merchants include large tech retailers such as Best Buy and GameStop, alongside nationwide DIY-supply stores Lowe’s, Home Depot, and Staples.
Other household names include restaurant chains Chili’s, Chipotle, and Subway.
Customer-focused DashDirect follows substantial investments from the Dash Investment Foundation and has been built by CrayPay – an Arizona-based fintech company partnered with Dash Core Group.
Discounts are a primary feature of the new app, with plans to extend and evolve the discount scheme in tandem with userbase growth.
Dash’s Mark Mason explained how the staking feature can be leveraged to passively cover day-to-day needs, highlighting the potential savings of cryptocurrencies over traditional fiat currencies for household spending.
“I personally stake my Dash holdings for 6.57% ROI and spend the new Dash I receive via block-rewards with DashDirect for my everyday spending needs such as groceries via InstaCart, fast-food cravings via DoorDash etc,” he said.
What is Dash?
Dash is the leading decentralised payment solution built to support real-life use cases: it is accepted at merchants globally, accessible via 3,300+ ATMs and 100+ exchanges worldwide.
Originally founded as Xcoin in 2014 – as a hard fork (when a new version of a full server node client accepts blocks as valid that previous versions would have rejected as invalid) utilising Bitcoin’s source code, but amended to improve perceived issues.
The cryptocurrency was quickly rebranded as DarkCoin to incorporate an innovative privacy feature previously known as DarkSend (now rebranded as PrivateSend).
The anonymity is facilitated by obscuring funds through a coinjoin mixing technique that jumbles multiple transactions from many parties into one bundled transaction on the blockchain.
At the time of writing Dash was trading at $145 and had a market cap of $1.48B.
More crypto news and information
As with any investment, it pays to do some homework before you part with your money. The prices of cryptocurrencies are volatile and go up and down quickly. This page is not recommending a particular currency or whether you should invest or not.
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.