Leading cryptocurrency Dash has announced an integration with the leading Latin American exchange, BitINKA.
BitINKA currently works with 35 banks across 12 countries. With this partnership, citizens across Central and South America would be now able to buy and sell Dash using their local fiat currency. The integration will allow greater access to Dash in Latin America, particularly valuable in countries suffering from economic turmoil.
“There are tremendous benefits to the increasing use of digital currencies to developing countries. Transaction fees on the Dash network are incredibly low compared with other digital financial services. Even small amounts of transaction savings can make a real difference to the economies of developing markets. More importantly, developing countries are frequently burdened with some of the highest rates of inflation,” CEO of Dash Core, Ryan Taylor, said. “So far, digital currencies like Dash have proven to be a superior store of value compared with consistently devaluing national currencies. Combined, this stability can provide significant benefits to users and the economy as a whole to improve lives. As Dash continues to grow in relevance throughout the region, we think BitINKA can offer much needed access for users. We plan to continue exploring new ways for Dash and BitINKA to collaborate further across the full suite of services BitINKA offers.”
As part of this integration, BitINKA is adding Dash to its cross border payments and remittance platform, InkaPay, as well as its cryptocurrency powered debit card service. Customers will be able to be paid in Dash and immediately convert into other digital currencies, and from January 25, top up BitINKA debit cards with Dash, the official release said.
“The global demand for cryptocurrencies is exploding. BitINKA has received an overwhelming demand for Dash. Dash’s InstantSend transactions and low fees will be beneficial for users moving cryptocurrencies into and from our platform. We are working towards bringing this technology to all Latin Americans, and our partnership with Dash will do just that,” CEO of BitINKA, Roger Benites said.
Dash, currently experiencing record highs in value, liquidity and global demand, has established itself as the digital currency of choice for payments, as well as a viable financial alternative for hundreds of thousands of unbanked and underbanked people across the world.
At the time of writing, Dash is the eleventh most valuable cryptocurrency by market cap and is valued at $1104.
