LeapRate's Daily Forex Industry Newsletter
Join now to receive first access to our EXCLUSIVE reports and updates.
Screenshot of a breaking news alert e-mail from Q2 2017
Dash, the digital currency for payments, has announced an integration and partnership with Payza, an international online payment provider, reaching over 13 million users in 190 countries.
The partnership allows users to send and receive Dash to and from other Payza users, spend it at 100,000 e-commerce retailers, and exchange Dash to 25 different fiat currencies or Bitcoin. Before the Dash integration, which is now live, Payza had only enabled Bitcoin support for its users.
CEO of Dash Ryan Taylor said:
Payza is an exciting partnership for Dash because our respective missions are so well aligned. Payza is supporting underbanked populations in nearly 200 countries, and the Dash network’s low cost instant transactions are ideal attributes for meeting these customers’ needs. Payza is also well regarded in the industry with literally millions of users and they’ve thus far refrained from integrating other coins across their platform. We are truly humbled to be selected as the first digital currency to integrate beyond Bitcoin, and we look forward to supporting Payza’s growth going forward.
Payza is headquartered in the UK, but primarily serves Asia, Middle East, Europe and South America, with some of its major markets including Venezuela, Nepal, Pakistan, Brazil, Mexico and Haiti. It was founded to provide an alternative method of payment and storage of currency for people who have difficulty accessing bank accounts and traditional financial institutions. Over the past several months, Payza had received significant customer demand to build-in Dash access, particularly for its low fees, and focus on helping underbanked communities.
Payza CEO Firoz Patel commented:
There are several reasons that we chose Dash to be the second cryptocurrency integrated into our platform, after Bitcoin. Dash boasts low network fees and fast transactions, two features that users look for in a cryptocurrency. Dash also has a vibrant and active community, especially in the developing world, which appeals to us as a company that also focuses on empowering underbanked populations. Finally, Dash is user-friendly and has a roadmap in place to further improve usability.” To celebrate the launch, Payza has a promotion for a limited time for users who exchange fiat or Bitcoin into Dash will get an extra 10% of the altcoin when they buy up to 1 Dash, and an extra 5% for each Dash purchased above that amount (up to 5 Dash purchased).
Payza’s Dash integration is made possible through leading blockchain web services and infrastructure provider, BlockCypher. BlockCypher specializes in blockchain agnostic solutions and makes it easier for users and companies to interact with several cryptocurrencies through one solution. “We are excited to see Payza integrate Dash so quickly using our web services and infrastructure,” concluded Karen Hsu, Head of Growth at BlockCypher. “Payza leads the digital payments market in providing customers with the choice to use Dash and digital currencies, which have become the fastest and most economical way of making cross-border payments for people around the world.