Sirlibz
Dash through its Latin American partnership has experienced a tremendous rise in commercial payments up to 104% in the first Quarter of 2020. Dash has experienced an increase in adoption, trading volume and even price performance.
The Latin American partnerships helped Dash grow as a payment option within these regions. During this period of time the number of active wallets installed on mobile devices amounted to 101,747 which is a 214% increase from the previous year and a 21% increase compared to the previous quarter.
Dash also grew in number of daily commercial payments usage by 104% compared to previous years. This growth was made possible through several partnerships Dash has built in Latin America, especially in Venezuela and Brazil.
In Brazil alone, about 2.5 million merchants are able to accept Dash as a payment option and also citizens can choose to pay for goods and service with it. This is made possible by ATAR Pay, a payment platform.
Dash is partnered with Burger King located in Venezuela, in addition to that, other merchants can choose to accept Dash due to the partnership with the local advocacy programs and integration with Mega Soft Point-of-Sales (POS) terminal.
Price Action
As could be expected, Dash price grew and showed some positive price performance during this period of time. It had made the list of top assets that performed well in terms of price because it had shown a 60% increase in price.
Fernando Gutierrez, Chief Marketing Office for Dash Cute group said.
“Users spend more when the price is going up because they become wealthier and because they feel they got a better deal. Price performance probably added more than a few transactions to the general long term Trend in a day to day usage”.
