Bitlish, which “sells crypto globally with the lowest VISA and MasterCard commissions in the world” recently integrated Dash into their expansive platform.
[tweet https://twitter.com/bitlish_com/status/1127885247222374400 align=’left’] One of the main highlights of Bitlish is that they offer exchanges via SEPA (Single Euro Payments Area), SWIFT, VISA, Mastercard, and other bank transfers. The platform only requires a phone number and password to sign up pseudo-anonymously, but requires a valid photo ID and utility bill in order to deposit and withdrawal fiat and get better trading rates (0.2% as a taker vs. 0.3%). According to Bitlish’s rates table, they will be charging 0 Dash for deposits and 0.1 Dash for withdrawal, have a min deposit and withdrawal of 0.001 Dash and a max of 1000 Dash, and an overall limit of 5,000 Dash per month. They have various rates for each country and currency that they serve and list them in detail on the rates table.
Bitlish also provides B2B services all around the world, but do have exceptions for some countries where their services are not provided and where they do not process bank transfers, which can be viewed here. Bitlish offers many of the same services for the B2B division, but importantly, also offer payment processing and cryptocurrency consulting.
Increasing liquidity for as many individuals as possible
A major barrier to adoption is the inability to purchase cryptocurrency via exchanges, so the more exchanges that provide diverse offerings to consumers, the better the potential access for consumers. Different exchanges with different offerings cater to different individuals around the world with different requirements. So for example, many individuals seek out exchanges that offer expansive deposit, withdrawal, and trading capabilities/pairs as seen in the popularity of Binance. Conversely, others will seek out exchanges that offer more privacy such as ChangeNOW, which also recently integrated Dash.
However, there are over 1.7 billion people in the world that are unbanked, which poses difficulties in depositing and withdrawing money to and from exchanges via a bank. Then even if individuals do have a bank, depending on the country, these individuals might also face difficulty providing valid identification and/or may not want to do so to comply with KYC/AML laws. To meet the desires of these consumers, services like Bitnovo emerged to enable remittances by purchasing gift cards in stores and redeeming them online. Crypto ATMs and peer-to-peer exchanges also provide a possible solution for those without a bank account and/or not wanting to divulge identifying information.
Dash finds even more ways to get into the hands of consumers
The Dash network has campaigned through numerous methods in attempts to achieve wider adoption, including getting integrated into more traditional exchanges, crypto ATMs, services like Bitnovo, and peer-to-peer exchanges for the reasons mentioned above. Dash Colombia and Dash Brazil have also been organizing Invite events to create local Dash velocity by getting individuals to spend and buy Dash in their local neighborhood rather than having to travel far or purchase/sell Dash online. Dash Venezuela, Dash Text, Kripto Mobile, and other groups are also attempting grassroot efforts to motivate and encourage individuals to spend and buy Dash locally to create many Dash economies where individuals can get paid in Dash. While these pockets of mini-Dash economies that can empower individuals to not have to use an exchanges are growing, until more direct adoption and usage occurs, exchanges will still play an integral role in driving Dash adoption.