Community Trust ScoreLikely Real
There was a recent discussion in an AMA about how Dash Direct is different from other crypto payment solutions.
The AMA was hosted by Dash Communications Manager, Mark Mason and was broadcasted live on the official Dash social media accounts.
Marshall Greenwald, CrayPay CEO and DashDirect Founder: I think there is a couple of features that make this really important for the crypto community. Number one it is non-custodial. We do not take possession of your keys or your money. You have full control of your money.
You leave it in your DASH official wallet from Dash Core Group. When the time comes to make a payment you actually use the Dash Wallet to make that payment. So, I think that is a really important factor.
Second, differentiation is because it is non-custodial we don’t do any KYC. You simply put in a name and e-mail address. You do turn on two factor authentication to secure your account against unauthorized access, but we don’t do any KYC. You can start using it and making payments right away. There is no cost associated with purchasing. And on the top of that we are giving an average of 5% to 5.5% cashback. In some instances, up to 10% and 12%.
A lot of other stuff were discussed in the AMA about: What is DashDirect? How is DashDirect different from other crypto gift-card solutions? What is your experience in the payments industry? Why isn’t there a BitcoinDirect? Why Dash for payments? When can we use DashDirect in Europe? Will you be adding new merchants to DashDirect like Amazon? How can the community request new merchants to be added? How will you notify the community about future DashDirect merchants? Is there a regulation risk of the gift-card scene becoming no longer viable?
What is the DashDirect virtual Visa / Mastercard network proposal about? What are the tax implications for Dash usage in the USA? Has DashDirect had an increase in users and spending volume? Is it possible to use authenticator apps instead of your phone number? Will Costco be added to the app? Marshall confirms 45 new merchants to be added with hundreds more in the pipeline!
Will DashDirect consider supporting other cryptocurrencies in the future? What do you think about adding stablecoin support in DashDirect? Have you considered offering Dash block-reward Earn functionality as an alternative to merchant Saving discount? Mark shares his thoughts on Spend and Replace OR buy, stake, earn and spend rewards. What role did the Dash Investment Foundation, Dash Core Group, and CrayPay play in the creation of DashDirect and about the equity positive feedback loop. What is DashDirect’s future development roadmap? Where can we download the app and learn more about DashDirect?
