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  • Wed, Jul 25, 2018 Dash is more popular in Venezuela than Bitcoin


    Although Bitcoin is still the site on the international stage, Dash is becoming one of Venezuela's most popular cryptocurrencies at the northern end of South America. According to Cryptobuyer, a Latin American cryptocurrency exchange, Dash has even great potential to surpass Bitcoin in the region. Cryptobuyer CEO Jorge Farias revealed that their cryptocurrency trading platform was integrated with Dash at the beginning of last year and is the first platform in Latin America and Venezuela to integrate Dash. He said: "We see Dash constantly hitting the highest volume every month, and sometimes even surpassing Bitcoin."

    However, due to the anonymity of cryptocurrency transactions, Dash Public Outreach head Joël Valenzuela made some clarifications on the transaction. He said: “Cryptobuyer has a user account, so it is easy to track the Venezuelan legal tender. Bolivar and Dash trading, and usage.” However, Dash’s trading on the Cryptobuyer platform is not limited to market speculation. In fact, more and more Venezuelan local suppliers and merchants are beginning to accept Dash as a payment option. According to Joel Valenzuela, there are currently about 522 merchants in Venezuela accepting Dash, and users can find out all the merchant-specific information on Dash payment transactions on the Discover Dash website. Joel Valenzuela said: "Venezuela's merchants accepting Dash are very proud. They have posted notices on Dash in front of the store and at the cashier's office."

    At present, Venezuela's domestic legal currency Bolivar seems to be on the verge of collapse, while on the other hand, cryptocurrency is becoming more and more popular. Contrary to popular belief, the use of cryptocurrency is now quite open in Venezuela, especially after the government has issued “Petro”, and the popularity of cryptocurrency has increased significantly. Joel Valenzuela added: "It is a misunderstanding to say that the Venezuelan government is opposed to cryptocurrencies. At present, Venezuela is in a serious economic crisis and people are eager to find a way out. In addition, the oil coins endorsed by the Venezuelan government against other The popularity of cryptocurrencies has also played a big role in promoting."

    Joel Valenzuela admits to play the role of a private currency in Venezuela's so poor economy. However, Dash is not so competitive in the market overnight. In September last year, Dash Caracas held its first Dash conference in the region, and then Dash Venezuela began to expand its influence in Venezuela. On the one hand, it held various conferences to educate users on the one hand, and on the other hand, accelerated the promotion and acceptance of merchants. . Dash is a cryptocurrency that focuses on daily payment transaction services and is currently ranked 14th on CoinMarketCap with a market capitalization of approximately $2 billion. It is worth mentioning that the Dashnet network is two-tiered, using workload proofs and proof of equity to achieve a distributed consensus.