Venezuelan KFC to Accept DASH

The option of Dash payment will appear in Caracas, then this service will be available at KFC offices in 24 regions of the country
10 December 2018   447

This week, the KFC restaurant chain will start accepting payment in Dash's cryptocurrency in Venezuela. About this writes Forbes with reference to the co-founder of Dash Help, Dash Merchant Venezuela and Dash Text Alejandro Echeverria. This information was also confirmed by Dash’s PR manager Mark Mason on Twitter.

The possibility of payment in Dash will appear in Caracas, then this service will be available at KFC offices in 24 regions of the country.

According to Alejandro Etcheverria, people prefer to use Dash for everyday transactions, because this is a convenient payment solution. As the newspaper writes, Subway, Papa John’s and Traki are already working with Dash in Venezuela.

According to DiscoverDash, for the year in the South American country, 2,427 outlets introduced the option of payment in cryptocurrency, which ranks 16th in terms of capitalization in CoinMarketCap.

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   336

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.