Dash is establishing itself as one of Venezuela's most popular cryptocurrencies. Bitcoin may still be king on the international scene, but in South America’s northernmost country, dash is vying for superiority. And, according to Latin American exchange Cryptobuyer, it has all but usurped bitcoin in the region.
“Cryptobuyer was the first platform in Latin America to integrate Dash in early 2017, as well as the first to offer it in Venezuela. Every month, we see how Bitcoin and Dash fight for the top volume in our operations, but as for the largest number of transactions, Dash is winning at this time,” said CEO Jorge Farias in a statement.
In an interview with Bitcoin Magazine, Dash Public Outreach Director Joël Valenzuela clarified that “Cryptobuyer has Venezuelan bolivar trading pairs and has user accounts, so they can easily track usage out of the country.”
Dash’s transaction traffic on Cryptobuyer isn’t limited to market speculation. On the contrary, dash has experienced extensive adoption by Venezuelan vendors and merchants. Some 522 domestic store owners accept dash in the country, Joël Valenzuela told Bitcoin Magazine. A Discover Dash[1] website acts as a directory to many of these stores.
“The Dash-accepting merchants in Venezuela do so openly and proudly, displaying ‘Dash accepted here’ stickers on their business doors and registers,” said Valenzuela.
Given cryptocurrency’s increasing popularity as an alternative to a crippled national currency in the bolivar, it may come as a surprise to hear that merchants advertise their acceptance of dash while under the eye of what could be considered a dictatorial regime[2]. But Valenzuela claimed, contrary to popular belief, that cryptocurrency use is quite open in the country and has only expanded with the advent of the petro[3], Venezuela's national cryptocurrency.
“It appears to
