Dash, the cryptocurrency for payments and e-commerce, has announced a new milestone in its partnership with Cryptobuyer, a platform to buy and sell cryptocurrencies in Latin America, as it now serves cryptocurrency payments for Traki, the largest retail store in Venezuela.
Cryptobuyer’s point of sale system will be rolled out as a pilot initiative in Traki’s El Recreo store, aiming to serve all 46 stores nationwide later during the year. This development is the result of receiving significant demand from Dash users and local merchants. Currently, Cryptobuyer ATMs support Bitcoin, Litecoin, and Dash.
Dash Core Group CEO Ryan Taylor said: “Dash usage is growing at a rapid rate in Venezuela, as it provides an alternative that is a more reliable payment method and store of value. We’ve anticipated this initiative from Cryptobuyer, as it provides the everyday person a seamless and efficient way to access Dash and lowers barriers to entry.”
This store roll out marks yet another milestone in Dash’s expansion plans for Q1 2019 as Venezuela continues to be a key target market for Dash. There’s a growing list of over 2,200 merchants in Venezuela that take Dash at the point of sale.
Cryptobuyer CEO Jorge Farias said: “The usage of Dash in South America is just another example of how this region is ahead of the curve in adopting cryptocurrency as a real method of payment. The whole team at Cryptobuyer is very happy to continue reinforcing this collaboration in each and every one of the services that we launch, and in the markets in which we are expanding to including Mexico, Argentina, and Central America.”
Additionally, until May 1, 2019, Cryptobuyer will offer no fee activity for Dash purchases on its ATM network in Panama, allowing users to send Dash to any address in the world or cash out in the Cryptobuyer platform with no cost on the purchase.