A leading cryptocurrency and privacy-focused virtual currency Dash has signed a partnership with Bitnovo. Bitnovo is a Spanish cryptocurrency payment platform. The partnership will see more the 10,000 retailers throughout Spain have access to the coin. Similarly, it will open doors for clients and allow them to make purchases of the coins through coupons and in elected Carrefour and Media Market outlets through the purchase of gift cards. According to a blog post written earlier on Bitnovo’s website, the cryptocurrency payment firm was in search of a virtual coin that would become available on their platform. After much deliberation, they decided that Dash would be an ideal choice.
Dash will become the second coin on the payment platform and will come as an addition to Bitcoin. Before, Bitnovo only used to support Bitcoin. According to Bitnovo, their choice of Dash was as a result of the many positives attributes associated with the Coin. For a start, Bitcoin, their single trading coin has been facing major challenges and stiffer competition from other coins. For the last few months, for instance, Bitcoin has been suffering from high transaction cost. Additionally, it has slower confirmation. On the contrary, Dash is fast-it can allow an instant send while providing ten confirmations in under a minute.
When it comes to transaction fees, it has meager fees, which allow it to be used as a digital coin. This is to mean that unlike Bitcoin, which does not allow you to purchase a good since the cost of the transaction would be at least three times the cost of the good, Dash has real-time monetary value as your regular cash.
Yes, Dash is super-fast. Bitnovo plans to capitalize on this to convert the virtual coin instantly and load it into your prepaid card. Bitnovo, which support payment through debit and debit card, including bank transfers, will support the conversion of Dash into euros and vice versa. A further report by Bitnovo indicates that it will also be launching a Dash ATM soon.
According to Fernando Gutierrez, the Head of Legal at Dash, the partnership with Bitnovo is an exciting move that will not only see their eagerness to bring to coin to consumers throughout Spain but also mark the beginning of eliminating the barriers of entering the crypto world. “When it comes to cryptocurrencies and finding conversion across the globe, one of the primary barriers to widespread adoption remains the same. And while there’s eagerness to enter the crypto world, the convoluted path to entry remains a barrier to many,” he said. He further praised Bitnovo for their bold move to create a payment platform that is open and accessible to all. According to Fernando, partnering with Bitnovo will provide Spanish clients a chance to access the coin as easy as buying a loaf of bread from the local store.
According to Coin Market Cap, Dash sits at the 11th position of the largest cryptocurrencies and has a market capitalization of us $ 9.7. Last year, Dash recorded an astronomical growth, rising over 10,000% and is now trading at $1,250