What Does ‘Crypto’ Really Mean? (Story about Robert Wiecko at Dash)

Today I heard a story about a man trying to buy a lamp. The man in question is Robert Wiecko, the Chief Operating Officer (COO) of Dash.

Dash is a cryptocurrency payments platform. By the end of the fourth quarter of 2018 they had more than:

• 4,800 merchants and services accepting Dash
• 90 exchanges and brokers listing the DASH crypto
• $1.4 billion in payment volume
• 42,500 daily active addresses, and
• a median of 9,300 transaction per day.

That’s a serious, viable business right there. And it’s solely based on the use of their native DASH crypto in the global economy. Wiecko made note that they were seeing a significant uptake in Dash usage in Venezuela, where the economy has collapsed.

Instead of people using truckloads of cash to pay for something like a loaf of bread, instead they can use the Dash crypto with their mobile devices and at the merchants accepting Dash.

It’s digital cash, but better. And we’re seeing this kind of phenomenon in areas where there is major financial and economic instability. Venezuela is one place, but we know regions like Turkey, Ukraine and Uganda are also seeing fast growth in the adoption of crypto as a means for everyday payments.

Of course, you don’t hear about Dash on CNN, MSNBC or Bloomberg, do you? No, they don’t know enough about crypto to really inform people what’s actually happening in this…………

Please Read Full Story at:

Author: Sam Volkering
Original link: https://www.moneymorning.com.au/20190418/what-does-crypto-really-mean.html