On April 21, 2020, Dash, the top digital currency for payments and e-commerce, announced it is working with BlockchainIntel and Reciprocity Trading to increase transparency in the trading of digital currencies.
BlockchainIntel will provide the transparency trading desks required to build trust amongst individuals interacting online, which is likely to gain pace in the near future as people avoid physical contact and the use of cash amidst the Covid-19 pandemic.
Reciprocity Trading will offer the Dash community increased transparency while using BlockchainIntel’s transaction monitoring to increase trust in the community.
As a liquidity provider of digital assets, Reciprocity Trading operates transparently, in compliance with current federal and state regulation.
This partnership promised to broaden the base of Dash users and investors that are accustomed to the transparency offered with other asset classes, according to Ryan Taylor, CEO of Dash Core Group.
Dash Network Focused on Boosting Trust
Because more folks will be transacting online now and in the future, it will be progressively vital to provide transparency for digital cash.
Many people are already opting to use cashless payment options such as cryptocurrencies so as to minimize physical contact with merchants as a way to curb the spread of coronavirus. This creates an amazing opportunity for crypto to gain widespread adoption amongst the general population.
The partnership with BlockchainIntel offers the data and risk management tools that will lead to increased trust in the Dash network and safeguard transactions across blockchains, enabling more and more folks to use the crypto for payments and e-commerce.
Bea O’Carroll, COO of Reciprocity Trading, believes that increased trust on the Dash network will help foster more crypto adoption.
“Collectively, we can grow the market through our commitments to transparency in pricing, transactions, and data.”
With the improved transparency and liquidity of Dash, millions of individuals, as well as thousands of merchants and businesses across the globe will now have the option to carry out instantly re-spendable and secure transactions for minimal charges.
Contactless Payments Could Counter Coronavirus
The Deutsche Bank now believes that coronavirus is hastening the development of central bank digital currencies as many governments see the handling of cash as a possible risk factor.
This reiterates the thoughts of the World Health Organization (WHO), who advise that Banknotes may be aiding the spread of Covid-19, so more individuals should consider using contactless payments instead. The new Dash partnership places the digital currency in a prime position to be a leader in supporting cashless payments in the near future. As a top-ranked digital asset and growing alternative to BTC, Dash is accepted at over 4,900 dealers worldwide and is accessible via more than 700 ATMs and 90 exchanges.