PolisPay card has officially announced their integration of Dash into the PolisPay cryptocurrency payment solution.

[tweet https://twitter.com/polispayapp/status/1104490288725123072 align=’right’] The announcement comes shortly after the team announced open beta for their Mastercard cryptocurrency debit card. In their post, they discussed the difficulties of limited liquidity that still plague the cryptocurrency community in many areas and the attempt to rectify these issues.

“As Dash has always pushed towards innovation and cryptocurrency adoption, we have found great potential in the PolisPay project, and we believe this breakthrough will have a profound impact for Dash users and the whole crypto community.”

The project is less than two years old and has come a long way in that short time frame “to further integrate the use of digital currencies into people’s daily expenses, narrowing the barrier between their digital assets and real world items”. The PolisPay team is accepting applicants for their open beta and hope their card narrows the usability gap and is “the next big step towards achieving global adoption by assisting crypto pioneers who want to use their digital assets for everyday expenses”.

Making adoption an affordable reality

Cryptocurrency is seeing relatively sizable adoption around the world, but it is no secret that it slowed down after the price decline earlier this year. As a temporary solution, cryptocurrency debit cards started appear to bridge the usability gap until merchants started to directly accept cryptocurrency payments. This strategy makes sense since while it is not direct peer-to-peer exchange, it still allows the consumer to use their cryptocurrency without requiring the merchant do anything other than normal transactions. Convincing merchants to adopt cryptocurrency is a major pain-point since most are thinking about it in terms of cost-benefit analysis and only see the cost of training workers and tax compliance and not as many see the benefits of independent money and savings on credit card fees.

However, these cards often require significant costs that are normally subsidized by banks, in addition to the cryptocurrency-to-fiat fees being passed onto the card user. Thus, many cryptocurrency cards really only make sense for individuals in developed nations rather than individuals with less wealth in other parts of the world. Nevertheless, PolisPay has managed to keep their prices on the lower side with a $25 USD annual premium, 3% crypto-to-fiat conversion fee (paid in Polis), 0.14 USD for transactions, and a .15 BTC daily deposit limit and $2,000 USD monthly deposit limit. Notably, the conversion fees are paid in Polis, the native coin for the Polis blockchain. These fees are larger than native cryptocurrency spending, but still empower consumers with greater monetary and financial freedoms without limiting their spending habits until mass adoption can occur.

Dash seeking adoption through multiple channels

Dash has been able to allocate significant funds from its treasury towards helping to fund adoption campaigns like those in Colombia, Venezuela, Brazil, and around the world. However, Dash is also able to achieve integrations into POS systems and other cryptocurrency cards, including ones that focus on privacy and affordability. Additionally, Dash has gotten pre-downloaded support on KRIP phones to cater to individuals in developing nations that cannot afford expensive phones. This multi-channel approach is helping Dash achieve larger overall adoption that is poised for more direct merchant adoption once cryptocurrency prices appreciate and enters the spotlight again.