Altcoins News

Story: Dash Wins User Confidence in Venezuela for Different Reasons and Is Dash Getting Gold Backed?

By Dan Saada

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Dash and Goku Market

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Several SMEs, following the Wells Fargo decision, are left with no option to move money.  This has become the reason for many welcoming DashPay and Crypto in Venezuela.

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Dash tweeted:  “Wells Fargo Bank will allegedly cease offering its Venezuelan customers access to the cash transfer service Zelle.

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There were rumors in the past year that Wells Fargo Bank would come up with its own digital currency.

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The hyperinflation of Bolivar has already made businesses more complex.  Newer difficulties in processing transactions are propelling Venezuelans towards Dash.

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Dash already has several hundred users in Venezuela.  It is expected that there will be more than 1 million users in Venezuela by the year-end.

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The Dash Media Relations manager seems to have expressed, stating, "This is yet another nail in the coffin for traditional banking, legacy payment methods and failing fiat…

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The confidence in the Bolivar is declining every day, and the confidence in Dash is increasing by the day.

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Sydney Ifergan, the crypto expert, tweeted:  "The common standards of determining the value of money is already messed up due to the pandemic.

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Amanda B. Johnson recently interviewed Vaultoro CEO Jscigala. He announced that the Dash Investment Foundation's first Gold buys were recently triggered and that in one way or…

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Dash recently tweeted:  “The world's first ownerless and memberless investment fund the Dash Investment Foundation Dash Invests has purchased Gold on Vaultoro for its rebalancing…

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We are not sure if Dash is getting fully gold-backed, but probably they are trying to establish its value in one way or the other.

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Dash Thailand tweeted:  “#1 DashNext is proud to announce a great strategic partnership & collaboration together with @GokuMarket.

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GokuMarket facilitates real-world applications with crypto providing for the new blockchain economy.

The Currency Analytics

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