Justin Szilard: Dash Continues Expansion in Nigeria

nigera news dash

Dash is continuing to expand rapidly in Nigeria thanks to the work of Dash Africa, whom Dash Force News talk with about their recent experiences.

Dash Africa shared with Dash Force News some data on the mobile refill orders through Bitrefill.com, which allows prepaid mobile minutes to be purchased around the world with cryptocurrencies. Nigeria was once again the top country with 111 orders from 59 unique numbers. Their total purchase amount in fiat was around the equivalent of 191 Euros or 80,000 Nigerian Nairas, which is significant since mobile airtime can be purchased for as little as 100 Nigerian Nairas. Nigeria had 83 more purchases than the next biggest concentration located in Germany.

To help encourage use of Dash to purchase airtime, Dash is able to offer a 10% discount to consumers. The Dash Africa team is constantly working towards more Dash merchant and consumer adoption in Nigeria and the surrounding area through an advertising campaign that includes TV, brochures, and event organization. They are currently aiming to raise more money to organize a Dash FinTech Conference in Lagos to further educate individuals about Dash.

“We teach people to adopt and use Dash daily. Cryptocurrency is meant to be used in everyday life and not just kept to increase in value.”

Future Dash expansion plans

Part of the merchant integration that Dash Africa is planning involves working with Anypay, which plans to integrate the Nigerian Naira into their POS system by the end of their current funding cycling. Dash Africa told Dash Force News that this “would make it easier for businesses to get on board accepting Dash”.

The Dash Africa team said that a major roadblock to wide-spread adoption is the volatility so they are working to expand exchange adoption in the area, which combined with the Anypay POS will allow merchants to easily convert funds to and from fiat. Dash Africa believes that this will help quell many merchants’ fear of volatility and the risk of losing money, which will allow them to slowly become more comfortable with regularly using Dash.

Additionally, the Dash Africa team wants to integrate with Yellowcard.io, which allows consumers to buy Yellowcard gift cards in fiat at local stores and then take those gift cards to the Yellowcard.io website to redeem for cryptocurrency. The Dash Africa team told DFN that they plan to submit a proposal to make the integration happen, however, various technical issues around integration have to be solved first. At the time of writing, Dash Africa said that Dash Core Group has not responded to Yellowcard’s nor Dash Africa’s inquiries about finding a solution. This integration would help further the market reach of Dash to individuals that cannot use electronic payments to purchase Dash through online exchanges.

Dash making headway throughout Africa

Dash has been making significant inroads across Africa. Recently, Dash was integrated into the eBitcoinics exchange, which is the top cryptocurrency exchange in Ghana and Nigeria. This not only helps increase liquidity in the area, but will also aid in quelling the fears of volatility by local merchants. Dash has also expanded into numerous other countries throughout Africa such as Togo, Benin, Ghana, South Africa, Zimbabwe, and Cameroon. Dash has been able to grow so expansively due to the DAO and the ability for community outreach teams to educate local consumers and merchants about how Dash can benefit them.

Dash has stayed true to the original goals of cryptocurrency to be a peer-to-peer digital currency by consistently maintaining low transaction fees, fast confirmation times, and security. This enables individuals to save money that is typically lost to expensive bank fees and regain financial and monetary independence from governments that have historically manipulated currencies. The individuals that stand to benefit the most from these features are living in countries with less developed banking sectors and/or more corrupt governments, such as some countries in Africa.

 

The post Dash Continues Expansion in Nigeria appeared first on Dash Force News.

Original article was created by: Justin Szilard at www.dashforcenews.com

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency or ICO.

Interested in Cryptocurrencies and ICO's?

Follow our telegram channel for daily cryptomarket reports!

Join @cointrends

Stay on top of Altcoins and ICO trends.

Subscribe to our free Weekly Cryptomarket report

Delivered once a week, strongly to your inbox.

Subscribe to our mailing list
July 15, 2018

Do Dash Treasury-Funded Projects Have an Inherent PR Problem?

As part of the ongoing discussion over why Dash doesn’t get the attention it deserves from the mainstream (crypto) media, one thing that comes up often is: “So many awesome projects are going on with Dash, why doesn’t anyone hear about them?” While faithful readers of...

From: Joël Valenzuela
July 14, 2018

Dash Podcast 60 – Feat. Paul Puey CEO & Co-Founder of Edge

Video repost of episode 60 of the three amigos podcast featuring special guest Paul Puey CEO and Co-Founder of Edge. The 3 amigos podcast takes place every Friday at 3pm EST / 8pm BST. The Dash Force News 3 amigos podcast is now available to listen to on the following...

From: Mark Mason

This Week In Dash: July 9-14

It continues to be a great week in Dash with plenty of new developments, integrations, and overall news content! Continue reading to get a brief summary of the week. Integration of the Week: 34 Bytes Payments Processor: 34 Bytes is a point-of-sale merchant solution that operates as a...

From: Justin Szilard
July 13, 2018

New Information On Dash Ventures and Its Benefits Revealed By Ryan Taylor, CEO of Dash Core Group

Ryan Taylor, CEO of Dash Core, has recently been hinting at new information about Dash Ventures, a venture fund built on the Dash network, and the benefits it offers to the network and consumers. Mr. Taylor described the project earlier this year in the Q1 call as a way to strengthen the network...

From: Justin Szilard

Regulators Worldwide Shift From Crypto Ban Approach to Light Regulation

Regulators in South Korea, India, and the United States have shifted their regulation focus from attempting to ban cryptocurrencies to a lighter and more nuanced approach. South Korean regulators will be announcing new proposed rules at an upcoming session of The National Assembly on July 13 to...

From: Justin Szilard
July 12, 2018

Cointelegraph Interviews Dash Core CEO Ryan Taylor

Dash Core CEO Ryan Taylor was recently interviewed by Cointelegraph on the past, present, and future of Dash. The hour-long interview covers Taylor’s transition from the finance world to cryptocurrency, the difference between Dash and other currencies, key use cases and markets, and...

From: Joël Valenzuela
Upcoming ICO's
This week overview
Token Name Starts
Optimal Shelf Availability Token (OSA) logo Optimal Shelf Availability Token (OSA) 5 days
Cryptocurrency rates
*Last hour average price&change
Coin Name Price Hour
Bitcoin logo BTC $6375.13 -0.13%
Ethereum logo ETH $453.185 -0.12%
Ripple logo XRP $0.445394 -0.04%
Bitcoin Cash logo BCH $727.445 0.06%
EOS logo EOS $7.35233 -0.33%
Litecoin logo LTC $78.996 -0.14%
Stellar logo XLM $0.219912 -0.18%
Cardano logo ADA $0.143397 -0.25%
IOTA logo IOT $1.00078 -0.07%
Tether logo USDT $0.999014 0.02%
Tronix logo TRX $0.0344612 -0.23%
NEO logo NEO $33.8342 0.47%