Cryptocurrency Dash has revealed its integration into cryptocurrency platform Uphold, which enables a purported 94% of the global population to buy and hold Dash online or on their mobile device, and to send it anywhere in the world. Customers of the US-based digital money platform can now buy Dash directly via bank transfer in the U.S. and SEPA in the E.U., by converting any number of the supported fiat and cryptocurrencies, as well as sending to anyone with an active email address. Also in the works is the is the option of funding Uphold accounts using major credit cards, which is expected to be enabled within a few days.
CEO of Dash Core, Ryan Taylor remarked: “Uphold adds to the Dash ecosystem the fastest and easiest method yet for everyday consumers to acquire Dash. Dash already has many of the world’s largest digital currency exchanges integrated, but exchanges are generally intimidating for average users unaccustomed to trading. Uphold makes transactions much simpler than an exchange, and it supports users from most geographies. All of this means that another great option is available to consumers around the world at unmatched speed and remarkably low cost.”
SVP and Head of Global Business Development, Colin Luce explained: “We were eager to add Dash primarily due to the increased adoption and of real-world use cases. The organizational structure of Dash, with masternodes and proposals and the Core Group, is a recipe for long-term success, especially at a time where the vast majority of the top one-hundred blockchains and currencies are still primarily speculative. Uphold provides a safe, simple and inexpensive way for consumers to move money across currencies and borders, without the delays and fees associated with legacy financial systems. Our customers are able to move out of unstable currencies, like the Venezuelan Bolivar (VEF) or Zimbabwean Dollar (ZWL), and transfer that value to more stable currencies, like USD. They can also access their funds anytime and are not exposed to market volatility and devaluation by holding USD instead of their native currency.”
Uphold has facilitated over $2 billion USD in transactions since its inception in 2015. Uphold also enables conversion to silver, gold, platinum, and palladium, and runs an advanced API that can leverage Dash’s upcoming decentralized payments system, Evolution.
Taylor added: “The Uphold platform is growing quickly because of its ease of use for both consumers and app developers that build services on its platform. In addition, consumers are increasingly aware that other digital currencies besides Bitcoin exist that offer the market unique features and functionality, like instant payments at the point of sale and online. Developers frequently cite Uphold’s robust programming interfaces, which is why so many applications are built on the Uphold platform. It is my belief that they offer the best solution to developers in the industry.”
Uphold will also soon enable Dash’s instant transactions feature – InstantSend – which allows for transaction verifications in less than two seconds.