On Tuesday afternoon the trading at a price went from $80.56 to $130.96, before falling again to the $118 mark. The massive leap compounds an incredible 241% growth for the week, which is the highest coin price growth since July 2017. CoinMarketCap reports an incredulous 2.2 trillion in trade volume.
The beta version of Dash Text has been launched and it allows users to transfer funds via text message. The service is only available in Venezuela for now. Developers say that Dash Text works with Dash codes using SMS commands, similar to the operations that are used when typing a message and sending it to the recipient. This allows even owners of push-button phones to make Dash transactions without an Internet connection, which is especially convenient in a country where only 40% of the population has access to smartphones, and which experiences network interruptions in the midst of an economic crisis.
The Kripto Mobile Corporation (KRIP) announced their exclusive partnership with DASH that will focus on the cryptocurrency privacy. The new deal will concern a new range of crypto-smart phones from KRIP, aimed at the Latin American market. With the help of new devices, the cryptocurrency can be easily and easily used for daily transactions. Devices will be sold with already installed Dash ecosystem and Dash crypto wallets.
The continuous decline of the monetary system in the country, together with 1000000% inflation forces people to seek alternative solutions for payments and financial savings. A research shows that a large number of citizens chose DASH as such an alternative, and not the local oil backed cryptocurrency Petro. Head of Business Insider magazine said that tens of thousands of Dash wallet downloads are made every month. Another reason for such popularity is that Dash is actively working on the introduction of payment instruments in the retail trade and services, which allows paying cryptocurrency in a user-friendly manner.
All of these companies already use Bitwage service, which allows them to pay salary to their employees in fiat currency and cryptocurrencies, such as Bitcoin, Ethereum, Litecoin and Dash. For this, the employee should firstly get Bitwage account number and pass it to the employer, indicating the percentage of salary that should be paid in cryptocurrency.
Bitwage was launched in 2013 and since then has gained presence all over the European Union. Other companies are following this example, such as Chinese conglomerate GMO Internet, which has over 60 companies in 10 countries, claims that their employees will be partially paid in BTC by end of March this year.
A new partnership between Seoul-based travel company Innovation Corp and world’s fifth largest exchange platform Bithumb means that customers can now book their hotel, resort or motel using virtual currency in their Bithumb account. The coins accepted are bitcoin, bitcoin cash, ripple, ether, ethereum classic, EOS, qtum, monero, litecoin, zcash, bitcoin gold, and dash.
Today has started with major losses for most of the crypto coins, including Ripple, Dash, IOTA, NEM and others. The total market cap has dipped from $800bln to $707 bln in a space of just three days.
Bitcoin’s market share has fallen to 33% and Dash and Monero failed to make it in top ten today. At the same time, Ether has hit $970 mark, and Cardano, NEM and Stellar took 5th, 6th and 7th place respectively.
The total market capitalization of Dash has jumped to $1,557.97m, as the price has increased from $1,126.85 to $1,576.93 today which is a two fold increase within the last month.