Cryptobuyer, a Caracas, Venezuela- based cryptocurrency brokerage, has added support for Dash on its platform due to high demand.

In the wake of a tremendously high inflation, Venezuela has seen a major surge in cryptocurrency adoption, while the Bolivar, its national currency has dropped against the USD by nearly 40% in a year. Cryptobuyer says that Dash is now available for purchase and sale through its platform, and will be used as a payment network to benefit thousands of people suffering from the country’s failing national economy.

With this new alliance, Venezuelans will be able to use Dash and Bitcoin for remittances, everyday transactions, top up cell phones, recharge debit cards and make coin sales away from other currencies.

“Our partnership with Dash is valuable, especially for customers using unstable fiat currencies, and the perfect example can be found in Venezuela right now. Alternatives for accessing money without traditional banks are gaining traction fast, and we are incredibly confident that Dash will flourish in this economy”, CEO of Cryptobuyer Jorge Farias said. “From a phone credit recharge for a friend to the payment of credit cards and TV subscriptions, Cryptobuyer makes Bitcoin and Dash a reality in daily life and keeps offering incredible financial benefits without the need for a bank account.”

Dash is a decentralized form of digital cash that can be spent online and at merchants and service providers worldwide. Dash is currently the 7th most valued cryptocurrency worldwide, with a market cap of nearly $90 million. It is managed by a self-funded, self-governed organization comprised of over 15,000 users, moving well over a million dollars worth of currency across the network every 24 hours. 

“Cryptobuyer will help Dash take a step towards offering real services to regular people that are not just digital currency investors, so it really opens the door for us to fulfill our vision of making a tangible difference in places where digital currencies can help the most”, Dash VP of Business Development Daniel Diaz said. “Dash is proud to support pioneering, driven Venezuelans like the Cryptobuyer team who are making a difference through entrepreneurship and technology.”

For Latin Americans with no access to a phone or a computer, Dash and Bitcoin will be accessible through a local partner of Cryptobuyer, TigoCTM, who provide convenient Crypto Teller Machines allowing immediate cash transactions and a unique and innovative remittance corridor. Since founding earlier this year, Cryptobuyer has accrued thousands of users in Venezuela, Brazil, Panama, Chile and Colombia.