Dash wins the market of Venezuela

Apparently, Dash is turning into one of the most popular cryptocurrencies in Venezuela. Undoubtedly, the king of the international market remains Bitcoin, but in the northernmost country in South America to claim the superiority of the Dash. According to experts, the Latin American exchange Cryptobuyer, this cryptocurrency replaced Bitcoin in the region.

«Cryptobuyer became the first in Latin America platform, have integrated Dash at the beginning of 2017 and the first platform, offered the bitcoin in Venezuela. Every month we see Bitcoin and Dash compete for the main volume of trading in our operations, however, the number of transactions is now winning the Dash,» — said the head of the exchange Jorge Farias (Jorge Farias).

Transaction Dash on Cryptobuyer not limited to market speculation. On the contrary, Dash is actively used by the Venezuelan retailers. 522 retail store in the country to accept Dash as a form of payment. A kind of directory of all of these stores is the website Discover of Dash.

«Venezuelan stores that accepts Dash, you do this openly and with pride, posting on door plaques with the inscription «Here was adopted Dash,» — says Director of public relations of the Dash project Joel Valenzuela (Joël Valenzuela).

According to him, despite the dictatorial regime, the digital currency in the country are used fairly openly, and with the release of national cryptocurrencies Petro, their popularity only increased.

On the other hand, there are other opinions. Venezuelan nickname Héctor argues that «cryptocurrency, and all the other currencies except for Bolivar, it is forbidden for all citizens», so they are mostly used on underground markets.

As for the popularity of Dash, the interest in the cryptocurrency began to increase after the first Dash conference, organized in the country in September 2017.

After that, the Dash project Venezuela has strengthened its position in the country with the help of «the monthly conferences, inform users and dealers,» says Valenzuela.

Currently, Dash is ranked 14th in the ranking of cryptocurrencies according to CoinMarketCap, with a market capitalization just does not reach $ 2 billion. The network of cryptocurrency is a duplex that use to achieve distributed consensus protocols proof (Proof of Work) and evidence of participation (Proof of Stake). The core layer of the PoW involved in monitoring normal transactions, while the major nodes of the second layer rely on validators that are using Dash to run mastered controlling special functions.

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