Dash partners with Latin American crypto exchange

Dash announced BitINKA partnership to let users from Latin America have access to Dash InstantSend functionality and secure low-cost transactions
08 January 2018   1398

On January 8, Dash has made an announcement regarding an integration with Latin American exchange BitINKA, which is a platform of exchange of Bitcoins where the users can buy and sell in more than 10 different currencies from America and Europe.

BITINKA countries and cryptocurrencies listBITINKA supported countries and cryptocurrencies list

BitINKA is a leading Latin American cryptocurrency exchange, and now it is providing citizens across Central and South America access to buy and sell Dash using their local fiat currency.

As Dash continues to grow in relevance throughout the region, we think BitINKA can offer much-needed access for users. We plan to continue exploring new ways for Dash and BitINKA to collaborate further across the full suite of services BitINKA offers.

Ryan Taylor
CEO, Dash Core

Roger Benites, a chief executive officer of BitINKA, claimed that the global demand for cryptocurrencies is exploding and BitINKA is in demand for Dash, as Dash InstantSend transactions and low fees are outstandingly beneficial for users moving cryptocurrencies into and from the platform.

At the moment of press, these are main market parameters of Dash:

  • Average price: $1 067,24
  • Marketcap: $8 330 959 242
  • 24h volume: $202 169 000

Dash Core Group to Lay Off 8% Staff Including Execs

Remaining employees of the Dash Core Group voluntarily refused wages and bonuses to support the existence of the organization
06 March 2019   146

The software developer of the privacy-oriented cryptocurrency network Dash, the Dash Core Group, was forced to make some difficult financial decisions. So, on March 7, the company fire 8% of the stuff, including the strategic director and director of business development. This is reported by The Block.

Note that the remaining employees of the Dash Core Group voluntarily refused wages and bonuses to support the existence of the organization.

According to CEO Ryan Taylor, cuts will affect only certain parts of the company in order to avoid complete collapse.

The organization’s leadership claims that more than six months ago, a moratorium was imposed on hiring new people, and the spending policy remains conservative.

It is worth adding that Dash is a fork of Litecoin, which appeared in 2014. The company did not conduct an ICO, and the only source of income is 10% of the mining, divided between the miners and masternodes. Thus, the bear market has quite significantly affected the stability of the organization.

Recall that in November 2018, the Dash Text service was launched in Venezuela, which allows you to send transactions via mobile phones using text messages. Then the event had a positive effect on the asset quotes.