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Dash Drives Adoption in Nigeria with New Products

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Dash is focused on driving adoption and this time the Arizona based cryptocurrency has products best suited for the unbanked in Nigeria. The products, Alt Savings and Dashcart will be spearheaded by the Dashsquard team. The team had come up with products that will focus on solving age long problems in the country. These problems range from retirement to savings and then to utility bill payment.
Saving Made Easy with Alt Savings
The DashSquard team came up with the idea of Alt Savings, a product that will help salary earners save a portion of their salary in Dash or Gold. The team will be enlisting 300 merchants and SMEs in the month of August as part of its Milestone. The team also aims to enlist 1000 SMEs within 3 months.
These merchants, SMEs and Companies will utilise Alt Savings in their their staff retirement plan as well as Savings plan. Alt Savings offers a diversified savings portfolio of not just Dash but Gold as well to help Baby Boomers become part of the saving scheme. Asides partnering with merchants and SMEs, Alt Savings also plans to drive financial inclusion for the unbanked. The product has a service called mobile top-up with which the unbanked can save with recharge cards.
Introducing Dashcart’s Microtransaction
On the other hand, DashCart will attend to the needs of crypto users who need to spend small amounts of their crypto. The product has services which will enable its users pay electricity bills, DSTV subscriptions, mobile top-ups, gift cards as well as perform micro transactions. The unique feature of Microtransactions will enable users send cryptos directly to loved ones in fiat without worry of conversion. This is because crypto owners often worry about the high cost of transaction fee when sending as little as 5,000 Naira worth of crypto to a family member. But with the microtransaction, the crypto owner sends Dash to DashCart, inputs the account number of the receiver and DashCart sends fiat to the receiver’s account.
Dash Giveaways For Users
DashCart is also adding payments of domestic and international flights to its list of services. The team also plans to include hotel bookings and tax payment along side and aims to spread beyond the borders of Nigeria. The DashSquard team also has a special giveaway planned for its users. The first 1000 persons to use their cards on DashCart will get an airdrop of $1 while the first 1000 users to save using Alt Savings will get $3 worth of Dash.
The CEO of the projects, Lucky Uwakwe  and his team are working towards achieving their milestone. Also, they have a physical office in Lagos Nigeria where they aim to attend to clients needs. The aim of the project is to drive Dash adoption as well as create a means of financial inclusion for the unbanked and poor persons in Nigeria.
 



 
 

What do you think about Dashcart and Alt Savings? Share your opinion with us in the comment section below.
Image credit: pixabay,

 

Disclaimer:
The Information provided on the website is designed to provide helpful information regarding cryptocurrency subjects. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regards trading. Always do your own research and due diligence before placing a trade. We are not liable for any outcome based on any content found on the site.

 

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PayPal has reached 85% of Binance.US Volume in first month of Crypto services

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The payment giant company in the United States, PayPal is said to have reached a benchmark of 85 percent of the total trading volume of Binance.US; a cryptocurrency trading platform within its first month of operation. The payment company which was once skeptical about anything Bitcoin and cryptocurrencies launched and started offering cryptocurrency services to its users last month, October, 2020. This was made possible by a partnership between Paxos and PayPal to make cryptocurrencies available to users in the United states.

However, the daily trading volume has risen to 25 million dollars, a figure close to the total trading volume of Binance.US since PayPal launched. The figures on the trading platform of Paxos; itBit exchange rose from a daily figure of 5 million dollars to a whopping $25 million in November after a month of partnership with PayPal. Whether the partnership with PayPal is the reason for the spike in the daily trading volumes or other reasons are responsible for it, this remains unclarified.

PayPal has an estimated user base of over 346 million users over the world. Whether or not the partnership is responsible for the spike in the 24-hour trading volume on Paxos’s platform, offering crypto services on the platform is about to see a new level of adoption of cryptocurrencies worldwide.

Tola says he wants more big companies to go after PayPal’s footstep

Tola Joseph, the CEO and founder of twitterCryptomasterclass has expressed his views via his twitter handle (@connectwithtola) as regards the report about PayPal reaching 85 percent of the daily trading volume of Binance.US. He says he wants to see giant companies get involved in crypto and offer cryptocurrency services in a tweet.

He also included in another tweet what will happen in one year if PayPal’s one-month volume could be a competition to cryptocurrency exchanges. He included that he wanted the payment giant to offer cryptocurrency exchange services.

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Singapore’s Largest Bank, DBS to Launch Crypto Trading & Custody Service

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Singapore’s largest bank is reportedly making an inroad into the blockchain and cryptocurrency industry with the launching of a cryptocurrency trading and custody service. 

The Bank DBS is also reportedly launching in addition a platform for conducting security tokens offerings STO. The trading service will support five major cryptocurrencies such as Bitcoin (BTC), Ether (ETH), Ripple (XRP), Bitcoin Cash (BCH) and Ethereum Classic (ETC). 

The DBS cryptocurrency trading platform will also support four fiat currencies such as the US dollar, the Singaporean dollar, the Japanese Yen and Hong Kong dollar. 

It’s revealed that using it’s STO features, businesses will be able to issue tokens. The bank further revealed the trading platform will not hold cryptocurrency rather, it’ll be held by the Bank itself. The bank said the service will offer “distinct advantages such as the assurance of institutional-grade security.” 

While the move of the Bank to release its cryptocurrency offerings further validate the idea that blockchain technology will be adopted by businesses and government globally, and more Singaporeans will be able to conveniently purchase cryptocurrency, the Bank was quoted saying:

DBS’ plans for a digital exchange are still [a] work in [progress], and have not received regulatory approvals. Until such time as approvals are in place, no further announcements will be made.”

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A WordPress Plugin Now Allow Contents to be Time stamped on Ethereum

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A WordPress plugin has been developed to allow WordPress users time stamp contents on the Ethereum Blockchain. 

The plugin which was developed by an Amsterdam based firm WordProof helps WordPress website owners with Copyright issues by giving assurance to traders who the creator of a content and the integrity of same content considering blockchains cannot be tampered with. 

WordPress is one of the largest Content Management Systems on the internet powering up multitudes of websites of various types. 

The plugin was announced by WordProof on the 22nd of October, 2020 at the London BlockDown 2020 3D virtual blockchain conference. At the event, WordProof Head of Product, Jelle van der Schoot revealed the firms envision itself to be the most user-friendly timestamping tools for use across all Content Management Systems and e-commerce platforms. 

According to WordProof, it also supports other blockchains such as Telos and EOS. 

Speaking on the support of Ethereum on WordProof, Jelle van der Schoot said “Adding support for Ethereum marks an important step towards achieving this goal, so we’re excited to welcome the Ethereum community!”

It’s no doubt content theft is a serious challenge and alterations of published contents that could impact truth poses a serious concern to information flow. But with the ability to timestamp contents on WordPress just like Steemit and Hive blockchain blogging platforms, the defining features of blockchain become available to millions of WordPress users for use.

Other WordPress based crypto plugins 

While the development of WordProof and its integration with Ethereum, it’s not the only WordPress plugin. Over the years, there has been several blockchain and cryptocurrency plugins offering features to enrich the WordPress user experience. There has been plugins that display cryptocurrency prices, plugins that allows automatic publishing to Steemit, that allows the buying of cryptocurrency amongst several others.

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