BitcoinFundi has added Dash trading pairs, making it the second African exchange to support Dash.
Zimbabwe-based cryptocurrency exchange BitcoinFundi recently expanded on its Bitcoin offerings to include other coins. There is now a Dash/USD trading pair, allowing users to buy Dash with US dollars, a widely-used currency in Zimbabwe. BitcoinFundi also added Litecoin support and a LTC/USD trading pair.
Dash’s growing support in Africa
This addition is part of a slowly but surely growing Dash presence in Africa. Earlier this month, AltCoinTrader, based in South Africa, also added Dash trading pairs. This means that Dash-supporting exchanges have a presence in both South Africa and Zimbabwe.
Beyond Dash, cryptocurrency interest is rapidly growing across Africa. LocalBitcoins trading volume in South Africa is a bit lackluster, but trading in Kenya, Tanzania, and Nigeria has seen rapid growth.
Dash’s growth in areas with financial crises
While most of Dash’s trading volume comes from Asia (South Korean in particular) and the first world at large, it continues to make inroads in areas of the world that are struggling with their own financial issues. CryptoBuyer an exchange based in Venezuela, also added Dash this spring. Interest in Bitcoin in Venezuela has also been on a sharp rise, with LocalBitcoins recording a constant increase and a recent spike in local peer-to-peer buying.
Countries with unstable currencies due to government mismanagement and destructive central banking policies are prime areas for new cryptocurrency users, as residents seek ways of being able to hold the value of their labor long-term. Where most fiat currencies tend to go down in value over time, cryptocurrency as a whole, and Dash in particular, have seen incredible growth. Additionally, offering a payment system and transfer of value with low fees and barriers to entry can work wonders to lift the third world out of poverty.