Dash cryptocurrency is a long-standing project in this young industry, as it was originally launched in January 2014. It was also one of the first projects to seek – while inspired by Bitcoin (BTC) – to bring anonymity to transactions. Today, it is easily accepted by a large number of American merchants.
DASH payments possible throughout the US
On July 27, the Dash (DASH) project teams announced the launch of a new smartphone application, called “DashDirect”, which will facilitate retail payments:
“We are proud to announce the launch of DashDirect, a retail app with instant rebate, which allows you to spend DASH at various national chains with more than 155,000 in-store merchants and over 125 online retailers in the U.S.”
The reason the release calls it an “instant discount” is because the system’s efficiency (especially in transaction costs) is significantly higher than traditional payments.
Discounts enabled by the efficiency of blockchain transactions
In addition to allowing DASH owners to spend their favorite cryptocurrency on everyday purchases, the DashDirect app will directly and automatically apply a discount rate to purchased products. This will provide up to 12% savings:
“After entering the exact amount of your current purchase into the app, an immediate discount of up to 12% is applied. This allows anyone to spend DASH on everyday purchases as easily as using USD, but with the added protections of decentralized currency as well as the added value of an average 5% discount, thanks to Dash’s efficient, low-cost transactions and DashDirect’s unique network of merchants.”Mashall Greenwald, founder of DashDirect and CEO of CrayPay
All of this with the benefit of being the sole owners of their money for consumers, as DashDirect users are the owners of their private wallet key. No middleman or banker to tell them what to do with their own money.
The DashDirect app provides further proof that cryptocurrency adoption is imminent, if not already happening. All that remains is for states to recognize cryptocurrencies as full-fledged currencies, and El Salvador has clearly shown the way to the rest of the world.