Dash stated, “Our data shows that 59 percent of current or former cryptocurrency holders would be “very” or “extremely” interested in using crypto to make payments if they could obtain discounts for doing so.”
About 2/3rd users held cryptocurrencies to use in transactions, and about 53% of them bought it due to FOMO. With knowledge about cryptocurrencies reaching the majority, it looks like many of them will be willing to use it for purchases in the future.
Some cryptocurrency holders are happy about using it for purchases online to ensure the privacy or security of their purchases. They believe crypto transactions are more private and more secure. In addition, once a user has made a purchase with crypto, their confidence is enhanced.
Different users have different reasons to make cryptocurrency purchases. For real estate purchases, if there is a potential to eliminate the middleman, they are willing to use it.
If merchants and brands would provide discounts and rewards to cryptocurrency users, this will become a powerful incentive to use crypto payments. Consumers have been trained to like the different perks offered in traditional payment methods. Thus, they will be interested in using cryptocurrencies to find the regular incentives of traditional payments in crypto.
For those who are new to crypto but are confused over all of the different types, it helps to go over a small selection of popular coins that are frequently used. Before deciding to use crypto, the user should have a clear understanding of how it might fit into their everyday life and needs.
Previously, on July 22nd, Dash Core Group leadership reported on product development, business development, and project achievements during Q2 2021. The key highlights were having a healthy growth in user adoption for Q2 2021 with an increase in daily active addresses and a higher daily economic transaction count despite a decrease in market cap from the previous quarter.
They have also published clear forward guidance for the upcoming 2021/2022—the development timeline covers Dash Core, Dash Platform, and DashPay product releases.
Also, Samuel Westrich was announced as the new interim CTO for Dash Core Group.
In terms of Business Development, Ernesto Contreras, Dash Core Group’s Head of Business Development, presented an overview of integrations and partnerships achieved in Q2 2021.
Dash believes that their biggest asset is their community. “$DASH is a gateway to financial inclusion and borderless economy – thus, full decentralization.” They are doing their best to make it happen.
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