This week has been another awesome week for Dash with new integrations and developments! Continue reading to get a summary of the week!
Dash Adoption of the Week:
- Major Auto Dealership Sells Car for Dash: A major car dealership in New Hampshire, USA has sold a 2012 Ford Fusion for Dash. They will be partnering with the AnyPay POS system to not only accept Dash, but will also be participating in “Dash-back” for the next four car purchases where both the customer and merchant will each get 5% back on the car purchase, up to $1,000. Previous car sales for Dash and Bitcoin were private sales, whereas this is a large car dealership, which is a significant step for Dash adoption since making large utility purchases like a car is almost just as important as everyday items like coffee or food.
- Dash Adoption Continues Across Africa: Dash Hub Africa and Dash Africa, which just rebranded to Dash Nigeria, continues to push adoption through the country. Dash Hub Africa continues to get new user wallet downloads and merchant adoption, most recently 25 new merchants in Ivory Coast. Dash Africa (Dash Nigeria) is continuing to push for new exchange integration to boost liquidity in the region.
- Maracay, Venezuela Sees Strong Dash Expansion: Dash Maracay, with the support of Dash Venezuela, recently hosted “The Evolution of Digital Money” conference in Maracay for around 200 people. The event was structured to show individuals of all backgrounds how Dash could benefit their lives. The event is just the latest expansion of Dash’s rapid growth in Venezuela since now over 1700 merchants accepting Dash. This growth has been possible because of Dash’s ability to fund community outreach initiatives and developments with its Decentralized Autonomous Organization (DAO).
- Dash Force Meetup Contest Winners: In September, there were 129 wallets set up across 7 meetups in California, France, and Africa this month. The meetups were on meetup.com, Facebook, Twitter, and Evernote. Read the article to see who the lucky winners were and how you can attend and/or host your own meetup.
Dash Integration of the Week:
- New Cryptocurrency Exchange in Venezuela: Coincola, a Hong Kong based exchange, is the latest to enter the Venezuelan cryptocurrency market and will simultaneously integrate Dash. The exchange features over-the-counter trades, coin-to-coin trades, and now Dash trades, but their Dash services will be limited to Venezuelans. They will be offering promotional deals to generate new interest, including a 0.5% fee for OTC trades, and even free OTC Dash trades. The move signals how international organizations are beginning to recognize not only the significance of Venezuela in cryptocurrency adoption, but also the integral role Dash is having on the everyday lives of Venezuelans.
Dash Developments of the Week:
- EletroPay Builds New POS and Sign Hardware Solution: EletroPay, being led by Rodrigo Ambrissi of Dash Brazil and his business partner Nelson Kameda, is creating a POS sign that will make paying with Dash even more simple and smooth. The device features an e-paper screen to rotate between up to 25 different wallet address, prominently displays ‘Dash Accepted Here’, makes a sound when a transaction is confirmed, and can print out a receipt with transaction details. Merchants save their wallet addresses on the device by utilizing both a private IP connection and physically pressing a button on the device for additional security. The development demonstrates the capabilities of the Dash community and network to constantly develop new solutions to assist merchants and consumers.
- Dash Talk Discord Server Launches: A new Discord chat server, Dash Talk, has launched to help improve the Dash community discourse experience. The new server will accomplish this via public moderation logs to maintain transparency, moderation consensus to prevent unilateral action, moderation coverage hours to enhance user experience, and a streamline rule set to make the user experience concise and enjoyable. Additionally, the Dash Force 3 Amigos “Afterparty” that occurs after each week’s podcast will now be hosted in Dash Talk. Users can join by visiting this link or StayDashy.com.
Research of the Week:
- Individuals in the UK Prefer Cash: A new study indicates that around 95% of the UK still carries cash with each individual having an average of £26. 20% preferred cash for certain transactions and less than 10% were ready for a cashless society. The study also showed that cash is still preferred for a variety of transactions such as paying for food, parking, transportation, window cleaning, and charitable donations. This highlights the role Dash can play since users can get nearly free transactions that confirm in seconds. Dash also offers the ability for users to keep transactions private, but also offers AML/KYC tools to those that require it for their business purposes.
- Cryptocurrencies Can Solve the Triffin Dilemma: An economist from the St. Louis Federal Reserve Bank in the United States discussed this during a twitter Q&A. The Triffin Dilemma says that a country that has its currency as a global reserve currency (i.e. the USD) cannot remain the global reserve currency without taking on ever-growing deficits. Cryptocurrencies provide a possible solution by distributing economic interests around the world and harmonizing incentives. Dash has been rapidly working towards usage around the world and has seen massive adoption in countries suffering from hyperinflation like Venezuela. The Triffin Dilemma shows how Dash can see adoption in first world nations as well.
General News of the Week:
- Cryptocurrencies Traceable When Converted to Cash: The US Department of Homeland Security’s Immigration and Customs Enforcement (ICE) told the US Senate Caucus on Narcotics Control that individuals are vulnerable to be tracked and identified when they convert to and from fiat currencies. They identified peer-to-peer exchanges as a potential risk since these exchanges do not require identification. Dash has recognized the paradox that maintaining strong privacy features will strongly satisfy some users, but will also naturally attract an association with criminal activity and thus hinder mass adoption. Instead, Dash offers optional privacy features with PrivateSend, but also offers AML/KYC tools to individuals that require the service.
- Visa CEO Downplays Role of Cryptocurrencies and Blockchains: Alfred F. Kelly Jr’s recent claim is not a surprise as cryptocurrencies are a direct competition to his business, but it does highlight the fact that cryptocurrencies are at least causing consumers and investors to question the current financial system. Dash recently conducted research and a stress test to show that it can scale to handle at least 120 tx/sec, which is about half of PayPal. Over 4 short years, Dash has rapidly grown and has strategies to continue its growth, which makes it a bigger threat than many believe.
- Indian Cryptocurrency Exchange Shuts Down: Zebpay has shut down amid banking difficulties caused by a notice from the Reserve Bank of India that cautioned banks to not engage in cryptocurrency activities. The move highlights the importance of peer-to-peer exchanges to avoid censorship. Dash recently integrated into another Indian cryptocurrency exchange, Bitbns, which will help increase Dash’s availability to Indians. Since Dash can easily be used for everyday purchases, this mitigates the need to use exchanges to switch between various cryptocurrencies.
Dash Media of the Week:
- Three Amigos Chat with CEO of Neptune Dash: This week the guys talk with Cale Moodie about Neptune Dash’s recent developments, including more details about their Masternode Pooling Service. Make sure to check it out since you do not want to miss this learning opportunity!
It has been an astonishing start to Dashtober that has demonstrated the integration and developmental successes of Dash! Stay tuned into our site and social media networks to see all the upcoming Dash News! We hope that our content and coverage was very informative and enjoyable this week and we cannot wait to see what awesome Dash News awaits us next week!