Dash Partnership With Coinapult Lets Users Trade In 20 Fiat Currencies
Dash has partnered with Coinapult, a wallet that lets users trade the cryptocurrency in 20 fiat currencies on account of its partnership with Crypto Capital, which has a global transmitter license.
By opening an account with Coinapult, customers immediately get a Dash wallet. By also opening an account with Crypto Capital, they can deposit money to Coinapult to instantly buy Dash.
Customers get their own segregated account with Crypto Capital, fully integrated with Coinapult. They can wire funds from their bank to their Crypto Capital account. The money in the Crypto Capital account is always available to wire out via an online platform. This dramatically changes the financial environment in terms of trading. Also, with access to funds in terms of both fiat and cryptocurrency, users will be able to engage in many and varied activities, from simple purchases online to playing on sports betting casinos.
20 Fiat Currencies
Accepted fiat currencies include USD, CAD, EUR, GBP, CNY, AUD, JPY, HKD (Hong Kong Dollar), TRY (Turkish Lira), CZK (Czech Republic Koruna) and PLN (Polish Zloty).
“This integration is massive for current and future Dash users because they really solve the question on how to buy and sell Dash in an easy and safe way using fiat,” said Daniel Diaz, Dash’s vice president of business development. “You get a digital currency on/off ramp that is directly connected with a fully functioning, money-transmitting platform similar to online banking.”
“Rather than wiring funds to a third-party exchange directly, you are in control of all the accounts involved in the wire transfer process,” he said. “With less risk and less friction, holding and storing value on Dash becomes safer if you add to this the fact that Dash has fast and inexpensive transactions.”
Also read: Dash accessibility rises with its market cap as multiple companies sign on
Dash Increases Its Reach
The integration marks Dash’s increasing accessibility to investors and consumers as its market capitalization has soared from $77 million to $528 million in the first quarter.
“Giving the Dash economy access to Crypto Capital via Coinapult could be a significant step forward for the liquidity of Dash for bank-settled fiat currency,” said Gabe Sukenik, Coinapult CEO. “Even in the midst of significant banking difficulties for bitcoin companies broadly, Crypto Capital has continued to service individuals and businesses that need access to bitcoin-friendly international wire settlement. Dash users now can directly buy or sell Dash in fiat.”
Coinapult’s user base has increased 300 percent in the past 18 months.
Dash has recently hired six more C++ developers, each of whom earned full-time positions against a talent pool of more than 50 applicants, bringing the development team to over 20.
Featured image from Shutterstock.
