Dash has been added to cryptocurrency ATM platform CoinFlip, adding over 80 new Dash-supporting ATMs, as well as a cash prize lottery for new Dash users.
The company announced the integration of Dash to its platform this week. According to CoinFlip CEO Daniel Polotsky, Dash’s addition was a natural step for the company:
“Since Dash is a commonly-used digital currency for payments and e-commerce and a top 15 coin by market capitalization, Dash was an obvious choice for us to integrate into our 80+ ATMs. At CoinFlip, we strive to provide the best cash to crypto experience possible, and we hope by partnering with an in-demand cryptocurrency such as Dash, we’ll be able to continue our global expansion to make buying and selling cryptocurrencies easy for anyone, anywhere.”
In addition to the integration, CoinFlip announced a cash giveaway to new Dash users as part of a monthly lottery. Users with CoinFlip accounts will enter the lottery by making a Dash transaction, and can submit additional entries with additional transactions. The top winner every month will receive a $1,000 cash prize, with 10 $100 prizes available as well.
A significant expansion for Dash’s ATM reach
The addition of the CoinFlip network significantly expands the number of available Dash-supporting ATMs around the world, particularly in the United States. According to Bradley Zastrow, Dash Core’s Global Head of Business Development, having CoinFlip on board will significantly facilitate mass adoption:
“Working with CoinFlip is a key milestone for Dash as this single partnership now means we’ve almost doubled our ATM network overnight within the United States. This is a significant step in working toward achieving mainstream adoption. CoinFlip offers an incredibly intuitive and simple user interface, making it easy for even non tech-savvy individuals to acquire Dash. One of our biggest objectives with Dash is making cryptocurrency accessible to the broader public, and CoinFlip is going to play a major role in advancing that cause.”
According to estimates, this would bring the global total of Dash-supporting ATMs to around 418 or beyond. A significant portion of these are in the US and Europe, and represent a fast, easy, and private way for new users to get started with Dash without having to deal with exchanges or brokerage services and lengthy verification processes, bank account linking, etc.
Global Dash adoption hitting a stride in the downturn
Dash adoption around the world has been on a rapid rise, with over 1,500 merchants listed on DiscoverDash now supporting the currency around the world, over 400 of those located in Venezuela alone. This is despite a fierce bear market, where the price of Dash dropped to the low $200s recently, down from an all-time December high of over $1,500. Merchant adoption continues to grow, leveraging incentive programs such as the DashBack offered by the Anypay point-of-sale system, giving merchants accepting Dash now a potentially significant upside if prices recover over the rest of the year.