POS

Dash Partners with BlockPay to Enable Point of Sale Purchases at Brick and Mortar Stores

February 24, 2017         By: Mike Dautner

Dash is without a doubt becoming a major contender in the digital currency space, and it seems like every other day there is an update on their front.

This can only mean good things are on the way for the company as a whole, and a further pain in the side of the likes of bitcoin.

Recently, Dash announced a business partnership with digital payments platform BlockPay that will enable users to pay for goods in Dash currency, straight from the merchant. The deal follows multiple corporate alliances the Dash team has accrued in Q1 2017. This is a result of substantial gains in value and trading volumes across the months of January and February.

BlockPay calls Munich home, and is rising in popularity on the international scale, and Europe and Latin America in particular due to its ability to enable POS transactions at little to no cost to the merchant and unbelievably low fees for the consumer.

Daniel Diaz, Dash VP of Business Development said, “This partnership benefits our entire community and all future Dash users because adoption grows alongside real world applications. We found that BlockPay and Dash have very common goals and together we are educating people on how cryptocurrencies can often be a better alternative to fiat. People are really starting to understand that they do have the power to change lives. Dash is a project that has been focused a lot on usability as digital cash, and we want people to have a similar experience doing both online and Point of Sale transactions. BlockPay has taken solid steps in this direction, developing software to make it easier for brick and mortar shops to accept digital currency seamlessly.”

Dash joins several other leading cryptocurrencies available for use on the BlockPay POS platform, including Bitcoin, Ethereum, Steem, Litecoin and Dogecoin.

Christoph Hering, CEO and Co-founder of BlockPay, had no qualms at all in regard to adding Dash to its arsenal. “We added Dash because we see a huge potential in the very active Dash community and in the underlying scaling technology of Dash. At the moment, Bitcoin has a big problem from a consumer perspective. The slow transaction speed, the high transaction fees and the speculative nature of Bitcoin make it very unsexy for everyday consumption. Now, comparing the altcoin ecosystem, many struggle with user adoption, high volatility and a missing business orientation. I think that the Dash Network is different, because it has a strong and active community, a great worker system funding growth and marketing plus an active development team that is building the right tools for mass adoption.”“BlockPay helps connect the worlds of retail and virtual currency. Because mainstream users are less familiar with the cryptocurrency culture right now, it will be important for them to experience digital currencies, at least partially, in ways they are already familiar with. Point of Sale solutions that are helping retail stores accept digital currencies in ways the public is used to help build the cultural bridges we need for widespread digital currency adoption. We also want to see a greater adoption of InstantSend. The Dash InstantSend feature is very powerful for this type of application, as it allows for secure transactions instantaneously directly from the network which is perfect for Point of Sale situations,” Diaz said.