Posted on

Cryptobuyer ATMs Sell Dash with Zero Fees, Teaming Up with Major Dash-Friendly Venezuelan Chain Store

Cryptobuyer now collaborates with Venezuela-based merchant giant Traki
and begins selling Dash through ATMs with zero fees

A major crypto exchange in Latin America, Cryptobuyer, works with Bitcoin, Litecoin and Dash. It also runs a chain of crypto ATMs.

Recently, Cryptobuyer began promoting its ATM line by offering customers Dash at zero fees. Along with Bitcoin, this privacy-oriented coin is widely used in Venezuela and other countries of Latin America that suffer from hyperinflation and a deep economic recession.

Now, Cryptobuyer has also partnered with the popular local department store chain Traki, which uses crypto as means of payment. In particular, it accepts Dash. Now the chain store will use the Dash point-of-sale solution provided by Cryptobuyer, taking another step towards crypto’s mass adoption.

Dash mass adoption is one step closer

This collaboration will allow people to buy
Dash in Panama with no extra fees and send it to their friends/relatives in
Venezuela, who will then be able to spend it in Traki.

The head of Dash Core Group, Ryan Taylor,
hopes that this move will accelerate an overall adoption of Dash in the
country.

Dash, as he said in an interview to the local
media, is getting more and more popular in Venezuela, since this digital
private coin is much more reliable that the local fiat currency bolivar. Taylor
also mentioned that this initiative from Cryptobuyer was expected to take place
sooner or later. Now, the Dash market will become much easier to enter.

Cryptobuyer will begin its new Dash integration at one of Traki’s popular stores. Should it succeed, later in 2019, it will spread to nearly 50 stores in the chain operated by Traki.

Latin America is the leader in global Dash adoption

Dash has been getting more and more popular in
Latin America, replacing local fiat currencies. Jorge Farias, the CEO of
Cryptobuyer, is positive that this area is much more progressive in terms of actual
crypto adoption that the rest of the world.

He admits that the company’s team is proud of helping this adoption to get wider and deeper. Cryptobuyer also plans to expand this initiative to neighbouring regions, such as Argentina, Mexico and Central America.

Currently, Venezuela is widely relying on Dash
after its massive economic recession and hyperinflation. Around 2,500 merchants
there accept Dash. Colombia is now moving in this direction as well with nearly
330 stores accepting Dash for their goods.

The post Cryptobuyer ATMs Sell Dash with Zero Fees, Teaming Up with Major Dash-Friendly Venezuelan Chain Store appeared first on Ethereum World News.

Posted on

Global Bitcoin ATM Growth Continues – Now More than 4,000

Recent statistics by Coinatmradar reveal that Bitcoin ATMs globally have crossed the much touted 4,000 threshold.

Bitcoin ATMs Surpass the 4,000 Mark

According to Coinatmradar, the current number of Bitcoin ATMs globally is 4,060, a figure surpassing the 4,000 milestone. The number is a testament to the continuous growth of BTC ATMs worldwide, despite the current plunge in cryptocurrency prices. An earlier report stated that Bitcoin ATMs were almost crossing the 4,000 mark, with 3,991 BTC ATMs.

Bitcoin ATM installation continues to spread across continents with North America still maintaining its number one spot. The continent controls a staggering 71.2% of the market, with a total of 2,888 BTC ATM installed. Europe, at the number two spot but far behind, has 23.7% with a total number of 961 Bitcoin ATMs. Africa is still far behind with 0.2%.

The number of BTC ATMs in different countries has also increased. The United States, still on top of the BTC ATM food chain, boasts of 2,240 Bitcoin ATMs across the country. Canada holds on to second place, with a total number of 619, as against its former figure of 600 BTC ATMs. Other countries like Zimbabwe, Guatemala, Armenia, and Iceland have one BTC ATM each.

The competition among Bitcoin ATM manufacturers continues to grow tough, with new entrants trying to carve a niche in the market. Genesis Coin is still the top manufacturer of BTC ATMs, controlling 31.6% of the market share. General Bytes, however, follows very closely with 30.2%, while Lamassu lags, controlling just 10.8% of the market share.

Increase in Bitcoin Investment Despite Price Drop

The continued rise in BTC ATM numbers despite the year-long bear market is indicative of the confidence of big-money players in the sector. One of the hallmarks of a paradigm-shifting technology is its ability to remain relevant post-mania period.

Across the market, there are examples of investors continuing to keep faith with cryptocurrencies despite the bear market. Recently, Nasdaq declared that it would move ahead with its planned BTC futures launch slated for 2019. According to the company, it has come too far to turn back now.

Even investment firms and Trusts like eToro and Grayscale say their clients are increasing their BTC holdings. Even with the price crash that started in mid-November, Grayscale reports that its clients have an even greater appetite for BTC. Presently, the company owns about one percent of the total BTC in circulation.

Image courtesy of Ethereum World News archives.

Posted on

Global Bitcoin ATM Growth Continues – Now More than 4,000

Recent statistics by Coinatmradar reveal that Bitcoin ATMs globally have crossed the much touted 4,000 threshold.

Bitcoin ATMs Surpass the 4,000 Mark

According to Coinatmradar, the current number of Bitcoin ATMs globally is 4,060, a figure surpassing the 4,000 milestone. The number is a testament to the continuous growth of BTC ATMs worldwide, despite the current plunge in cryptocurrency prices. An earlier report stated that Bitcoin ATMs were almost crossing the 4,000 mark, with 3,991 BTC ATMs.

Bitcoin ATM installation continues to spread across continents with North America still maintaining its number one spot. The continent controls a staggering 71.2% of the market, with a total of 2,888 BTC ATM installed. Europe, at the number two spot but far behind, has 23.7% with a total number of 961 Bitcoin ATMs. Africa is still far behind with 0.2%.

The number of BTC ATMs in different countries has also increased. The United States, still on top of the BTC ATM food chain, boasts of 2,240 Bitcoin ATMs across the country. Canada holds on to second place, with a total number of 619, as against its former figure of 600 BTC ATMs. Other countries like Zimbabwe, Guatemala, Armenia, and Iceland have one BTC ATM each.

The competition among Bitcoin ATM manufacturers continues to grow tough, with new entrants trying to carve a niche in the market. Genesis Coin is still the top manufacturer of BTC ATMs, controlling 31.6% of the market share. General Bytes, however, follows very closely with 30.2%, while Lamassu lags, controlling just 10.8% of the market share.

Increase in Bitcoin Investment Despite Price Drop

The continued rise in BTC ATM numbers despite the year-long bear market is indicative of the confidence of big-money players in the sector. One of the hallmarks of a paradigm-shifting technology is its ability to remain relevant post-mania period.

Across the market, there are examples of investors continuing to keep faith with cryptocurrencies despite the bear market. Recently, Nasdaq declared that it would move ahead with its planned BTC futures launch slated for 2019. According to the company, it has come too far to turn back now.

Even investment firms and Trusts like eToro and Grayscale say their clients are increasing their BTC holdings. Even with the price crash that started in mid-November, Grayscale reports that its clients have an even greater appetite for BTC. Presently, the company owns about one percent of the total BTC in circulation.

Image courtesy of Ethereum World News archives.

The post Global Bitcoin ATM Growth Continues – Now More than 4,000 appeared first on Ethereum World News.