TigoCTM, a Panama-based Crypto ATM company, has added Dash to the roster of currencies available for purchase and sale over its network. TigoCTM provides unbanked and underbanked Latin Americans with access to Bitcoin, Dash and other digital currencies to make every-day financial transactions and purchase goods online, as well as the ability to convert their digital assets into fiat money instantly, trade between other common cryptocurrencies, and store value outside of traditional banks.
CEO of TigoCTM, Cindy Zimmerman commented: “We started this company in Panama because there was no way for anyone there to convert cash into cryptocurrency, and after the financial crisis in Venezuela took hold, the demand for an alternative way of accessing money quickly grew. For example, the bolivar has recently seen 100% year over year inflation; bitcoin has been more stable than some local fiat currencies. Over the past year in particular, cryptocurrencies like bitcoin and dash have increased in value faster than gold, silver, and many other traditional assets. Now with Dash added to our network, we will see an influx of an even larger customer base.”
Dash is currently valued as the 8th most valuable cryptocurrency with a market cap of over $54 million, with over half a million dollars moved over its network every 24 hours.
Daniel Diaz, CTO of Dash, remarke: “Dash uses nearly 4,000 ‘master node’ servers geographically distributed throughout the world to safely verify transactions. Dash is stable, safe, and private, and it’s managed by a governance structure that gives the community a voice in ensuring improvements are constantly made to the network. Partnering with TigoCTM is an outstanding opportunity to provide Panamanians with immediate access to Dash, so that thousands more may can take advantage of the world’s most advanced cryptocurrency.”
TigoCTM plans to deploy additional machines across Panama, Latin America and the world in the coming months, providing training, technical support, and convenient access for its consumers.
Zimmerman said: “Many of our customers don’t trust or want to use the banking system. Even with a bank account, options for converting cash into bitcoin are limited in many parts of the world. Tigo CTMs are the optimal choice for this stable, private means of commerce,”