“Dash is an open-source, peer-to-peer, digital currency with a strong focus on the payments industry, utilising blockchain technology,” explained Mason.
It “offers a form of money that is portable, inexpensive, divisible and fast. It can be spent easily and instantly at merchants across the globe at much lower fees than credit and debit cards” he went on to say.
The coin was initially named ‘Xcoin’ and later rebranded ‘Darkcoin’ alluding to its privacy features, and then finally settling on [from “Digital Cash”]. It touts itself as being the “only major self-funded, self-governed organization in the cryptocurrency industry”.
“This self-funded and self-governed protocol enables the network to pay individuals and businesses for work that adds value to the network,” said Mason.
The project invested its funds in a few big marketing projects such as ‘Dash: Detailed’ which has contributed to the coin’s overall exposure. Regarding how can one spend the crypto, Mason offered more information regarding the ATMs, apps, and websites that support payment with the coin.
Mark Mason continued:
“PayCent, offers a debit card that allows you to spend Dash anywhere, [where] Visa or Mastercard is accepted. Dash is available at 410- Dash ATM machines around the world listed on coinatmradar.com. You can buy Dash at 400 post offices in Austria with cash. You can buy Dash at 9000 Kiosks in Ukraine.” The crypto “is available at 10,000 Spanish retailers.”
The project also benefits from an “exclusive agreement” which will make it a viable payment option to “4000 legal cannabis dispensaries, suppliers and distributors in the United States”.
Mason noted that “Dash essentially will be the PayPal of legal cannabis industry.”
He also listed a few of merchants and partnerships that are in collaboration with their blockchain, some of the notable ones being: Bitrefill; Remax: Rent and purchase real-estate; Uphold and Bitwage (partnerships): Earn salary; BlockCypher and US Department of Energy’s National Renewable Laboratory (partnership): Peer-to-peer electricity exchanges.
Mason stated that the most important question of the speech was how one really can set himself free from central banking with the help of crypto. He gave the following example for this situation:
“I recently traveled to New Hampshire in America and I met a number of individuals that are unbanked and live of Dash 100%. However, I really want to highlight where Dash is helping those who need digital currency the most. Recently we have seen a big increase in adoption in Venice where central planning and central banking has failed and the country has suffered a severe currency crisis.”
“Inflation in Venezuela is now above 40,000%. In the last month, over 500 merchants in Venezuela are now accepting Dash and this number is increasing daily.”
Mason’s statistics also showed how the coin became the crypto of choice for cross-border payments.
Regarding its market price, the coin reached a value of $245.24 USD and is capped at around 2 billion. Over the past week it,s price has seen an increase of 4.30%.