Venezuela Becomes Lucrative Region for Digital Currency DASH

August 25, 2024         By: Mike Dautner

Cryptobuyer, a Caracas, Venezuela based cryptocurrency brokerage; today announced that Dash, a rapidly growing digital currency, has joined Bitcoin to its platform due to increased demand.

A highly sought after, and actively traded cryprocurrency, Dash is now available for purchase and sale through Cryptobuyer, and will be used as a payment network to benefit thousands of people suffering from Venezuela’s failing national economy.

The new alliance allows Venezuelans, via a compliant brokerage, to use Dash and Bitcoin for remittances, everyday transactions, top up cell phones, recharge debit cards and make coin sales away from other currencies.

CEO of Cryptobuyer Jorge Farias commented: “Cryptobuyer is a cryptocurrency and digital assets connector for companies and individuals that brings a range of services that will improve Venezuelans’ financial liberty. Our partnership with Dash is valuable, especially for customers using unstable fiat currencies, and the perfect example can be found in Venezuela right now. Alternatives for accessing money without traditional banks are gaining traction fast, and we are incredibly confident that Dash will flourish in this economy. From a phone credit recharge for a friend to the payment of credit cards and TV subscriptions, Cryptobuyer makes Bitcoin and Dash a reality in daily life and keeps offering incredible financial benefits without the need for a bank account.”

Venezuela, for one reason or another, has seen major cryptocurrency adoption in the wake of triple-digit inflation, capital controls, devaluation, and critical goods shortages.

“With Venezuelans entrenched in political and economic turmoil, we simply wanted to give them another option to make life easier. Dash is stable, safe and holds its value extremely well. Cryptobuyer will help Dash take a step towards offering real services to regular people that are not just digital currency investors, so it really opens the door for us to fulfill our vision of making a tangible difference in places where digital currencies can help the most. Dash is proud to support pioneering, driven Venezuelans like the Cryptobuyer team who are making a difference through entrepreneurship and technology,” commented Dash VP of Business Development.