Dash in Partnership with BITFXT to Make Cash Remittances to Nigeria at 1%January 17, 2020
Dash Tweeted: “Dash Partners With #BitFxt Exchange to Facilitate Remittances to Nigeria at 1% Cost.”
BITFXT CEO, Franklin Odoemenam, opines that the current move is in line with the BITFXT vision, which is to be the leading cryptocurrency infrastructure in Africa — thus connecting Africa to the rest of the world. There is no better way than a partnership, according to Odoemenam, to improve adoption among people and to add new people to experience an enhanced form of money remittance.
BITFXT Exchange is a top Nigerian Exchange, and Dash in Partnership with this exchange will be facilitating Dash Remittances for just 1%. In 2018, Migrant remittances in Nigeria worth $25 billion contributed to 6.1% of their GDP. The diaspora remittances to Nigeria exceeded oil earnings.
Nathaniel Luz, Lead of Dash Nigeria, reinstated about the commitment of Dash in Daily remittances and international payments. He stated that Dash is required for a developing economy like Nigeria. Research suggests that people spend nearly 30% when they send remittances to Nigeria using gift cards on Paxful.
Dash and BITFXT
Dash, digital cash, facilitates individuals, merchants and businesses to carry out fast and secure transactions for less than a cent.
BITFXT Exchange is a leading, African, hybrid, Cryptocurrency Exchange, the top choice in Nigeria due to its innovation and ability to sustain international standards.
Dash is considered to be steeply overbought, and it is likely to face with downside correction. The short-term scenario is bearish for the token. Dash might retest $130, and the next resistance would touch $140 and $144.
Sydney Ifergan, the crypto expert, tweeted: “Dash has been busy improving themselves, and it shows in their fundamental developments, particularly the DIPs.”
Dash started this week at $65, and it was suffering; however, it skyrocketed all of a sudden by 115% on Monday, touching $140. The epic move helped Dash claim a decent spot in the rank list of cryptocurrencies. The spike got attributed to Dash Improvement Proposals (DIP) and other fundamental developments.
Yet another reason is: “We are proud to announce the release of Dash Platform on Evonet, our public testing environment for Evolution features.”
Meanwhile, the Crypto Ratings Council, formed by the association of several crypto businesses who are committed to working in compliance with the SEC, has stated that Dash has the least chances to be considered a security.
Crypto Rating Council rates digital assets on a scale of 1 through 5. Dash scores 1, which means the asset has very few or no characteristics to be called a security. Thus, the token might become the point of tight regulations in the days to come in line with Bitcoin, Litecoin, Monero, Horizen, and the DAI stable coin.