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Cryptocurrency ATM company TigoCTM adds Dash to its network
According to latest reports, Panama-based crypto ATM company TigoCTM has added Dash, formerly known as DarkCoin, to the list of currencies available for purchase and sale over its network.
The full service Cryptocurrency Teller Machine (CTM) provider offers unbanked and underbanked Latin Americans with access to Bitcoin, Dash and other digital currencies to make every-day financial transactions and purchase goods online, AllCoinsNews reported. In addition, it also provides users the ability to convert their digital assets into fiat money instantly, trade between other common cryptocurrencies, and store value outside of traditional banks.
“We started this company in Panama because there was no way for anyone there to convert cash into cryptocurrency, and after the financial crisis in Venezuela took hold, the demand for an alternative way of accessing money quickly grew”, CEO of TigoCTM, Cindy Zimmerman commented. “Over the past year in particular, cryptocurrencies like bitcoin and dash have increased in value faster than gold, silver, and many other traditional assets. Now with Dash added to our network, we will see an influx of an even larger customer base.”
Dash is currently the eight largest cryptocurrency with a market cap of over $54 million. Launched by web developer Evan Duffield, Dash completed its two years of its existence in January this year.
“Dash is stable, safe, and private, and it’s managed by a governance structure that gives the community a voice in ensuring improvements are constantly made to the network”, said Daniel Diaz, CTO of Dash. “Partnering with TigoCTM is an outstanding opportunity to provide Panamanians with immediate access to Dash, so that thousands more may can take advantage of the world’s most advanced cryptocurrency”.
In the forthcoming months, TigoCTM plans to deploy additional machines across Panama, Latin America and the world, providing training, technical support, and convenient access for its consumers.
“Many of our customers don’t trust or want to use the banking system. Even with a bank account, options for converting cash into bitcoin are limited in many parts of the world. Tigo CTMs are the optimal choice for this stable, private means of commerce”, Zimmerman said.