Dash, a cryptocurrency with half the available supply of Bitcoin and well recognized in the “anonymous family” is set to pull another surprise following its recent development in the USA and Latin America.
This digital asset swerved a lot of investors to trade above $1500 when all eyes were set on Bitcoin in the previous market bull run. The digital asset crashed back to as a low as $70 before rising back into the triple digits.
The Massive Adoption in Latin America
According to Discover Dash, Latin America alone has over 60% of the total merchant listings in the world. The figures have improved tremendously indicating how the popularity of the digital asset in Venezuela is having a spread over effect on the rest of the countries.
Venezuela alone boasts of 2600 of the total merchants of near 5000 across the globe. Columbia is another Latin American country that has improved in merchant listings to absorb the rise in demand of the digital asset for day to day activities with a total of 327. The United States of America currently has over 600 merchant listings and they seem to be at a fair speed to catch up with Latin America.
The popularity of Dash in recent times also reflected in the daily transaction rate as it recorded a higher daily transaction of 64.5% ahead of Bitcoin Cash between 28 November 2018 to 28 January 2019 according to Dashnews.
Back to its wave-making in Latin America, Dash has partnered with a Venezuelan Department Store “Traki” and has also paired with one of the popular and largest Latin America Cryptocurrency exchange “Crypto Buyer” as it seeks to provide a transaction free service for its customers. Dash and Bitcoin are the leading digital assets that have been listed to lead the effort to solve the problem of inflation that has eaten into the country’s economy.
The coordinator of Dash Colombia and Dash Latam, George Donnelly said that Dash would possibly be in almost all the Latin American Countries in the next five years. According to him, Latin Americans love to be in control of their money, and since Banks in the region are not user-friendly, users will troop in for Dash since it’s mobile and user-friendly.
This development means a lot to the price of the cryptocurrency. Dash is currently on a positive run and with this positive adoption rate, the digital asset is set to make another surprising price surge.