The cryptocurrency designed for payments, dash, is now listed on London-based global cryptocurrency exchange CEX.IO, and is available to exchange online using a linked bank account, according to a dash-CEX.IO joint press release CoinReport received.
With this partnership, dash’s accessibility is improved hugely for consumers with pre-established bank accounts and credit/debit cards in most countries all over the world, including 20 US states.
A FinCEN-registered and PCI DSS compliant exchange and broker, CEX.IO gives users the ability to trade between numerous cryptocurrencies and fiat pairs, in addition to buying and selling cryptocurrencies online via verified bank cards or bank transfers.
Dash Core CEO Ryan Taylor stated in the release we received, “CEX.IO has a long and respected track record operating in the digital currency space. Their team is highly focused on the safety, stability, and legal compliance of its platform. For Dash users and traders, the integration into CEX.IO represents another great option for them to acquire Dash through bank transfers or with payment cards from a significant number of countries. The site’s ‘Buy / Sell’ feature makes acquiring Dash as easy as making a typical online purchase. We are especially proud to see Dash added as the latest digital currency on CEX.IO’s platform, as they are very selective about the currencies they choose to add. For me, it further validates that Dash is now clearly among the few digital currencies that are relevant for consumers.”
CEX.IO has more than one million registered users. The exchange grew quickly in popularity because of its market low credit fees and free bank transfers.
CEX.IO CEO Alex Lutskevych commented, “We see Dash as a top rated digital currency so it was really only a matter of time before we joined forces. We really respect the fact that Dash is based on a real decentralized ledger and has such a strong core team and growing community. Dash also features a two tier architecture of PrivateSend, InstantSend, decentralized governance and a budget system. It’s obvious that Dash matures fast. Most importantly, Dash’s InstantSend function is incredibly impressive; in my opinion it has already paved the way for and surpassed Bitcoin’s Lightning Network, which will allow for faster Bitcoin transactions to take place. Dash are true standard setters.”
With the announcement of the partnership, CEX.IO also announced enabling users to deposit fiat via a bank transfer or credit card and then use the trading platform to buy or sell or trade against other currencies. Moreover, fast withdrawals of USD, GBP, EUR to debit or credit cards will also be available. Also, the exchange will soon add “bundles,” which users could use to easily buy dash in $100, $200 or $500 increments via debit or credit cards.
Lutskevych added, “The main deterrent of digital currency to typical investors is time and cost issues associated with access. To buy most digital currencies, people usually need to make a double exchange, for example; like fiat to bitcoin, and then bitcoin to Dash, and it can take an eternity for both transactions to settle. We have solved that dilemma. Greater access to Dash means more adoption, and more ways people can spend it on everyday goods and services or save it. More adoption means more popularity. And more popularity means more value.”
CEX.IO logo and Lutskevych’s photo – Courtesy of CEX.IO
Dash logo – Courtesy of dash via PR firm Wachsman PR