Dash Venezuela

Dash Acceptance by Super Markets Has Growing Use for Remittances from Millions of Venezuelans

October 28, 2020 Off By Maheen Hernandez

Excelsior Gama is one of the largest and well-known grocery chain in Venezuela.  The chain is concentrated in the Caracas metro area with 24 locations bearing the Excelsior Gama totaling over 400 checkout lanes across the city. This makes the Excelsior Gama integration one of the largest physical store integrations to date in the cryptocurrency sector.  Dash Users can now shop for groceries and other everyday needs. 

Dash tweeted:  “24 supermarkets with +400 checkout lanes in Caracas now accept Dash! The Excelsior_Gama integration is one of the largest physical location integrations in crypto. It’ll help enormously with real day to day problems in Venezuela and facilitate remittances into the country.”

This integration now supports Dash’s growing use for remittances from millions of Venezuelans living abroad. This they do by enabling directly spend he incoming Dash for basic needs without first having to exchange it for local currencies. Using Dash now solves the change issue for the retailer, which is a challenge in Venezuela where smaller bills making change are scarce.

This also saves the consumer time at checkout because oftentimes changer isn’t readily available.  This is why Dash provides a significantly better purchase experience for both users and merchants at the checkout.

The Excelsior Gama integration is result of Dash’s direct integration in to the point of sale software solution from Megasoft and Cryptobuyer.  More major retailers are in the pipeline.

In this regard, Sydney Ifergan, the crypto expert tweeted:  “Being able to spend Dash directly at the retailer is an excellent breakthrough in the cryptocurrency industry.”

Earnesto, Head of Business Development at Dash Pay tweeted:  “Paying fast and in exact amounts is a major need in Venezuela for many reasons! This ease of process is achieved thanks to the frictionless integration of Cryptobuyer into Megasoft POS. And the result is a smooth payment process, with a nice invoce that says: Pagado con DASH.”

One of the users replied stating, this is a great step forward when it comes to ‘customer needs’, especially in countries like Venezuela. And is this limitless? My last time in Venezuela (2018) we could only buy for ~10 mill Bolivar per card. That was in a supermarket, so we had to use several cards.

Dash Budget Cycle Passed

Dash is becoming a decentralized cloud.  Dash Platform transforms the Dash P2P network into a cloud that developers can build and easy integrate their applications.

Dash expressed that another Successful Dash Budget Cycle passed, 5165.45 Dash will be paid out across all voted in DAO projects in 2 days.

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