Venezuela-based blockchain startup Dash Text rolls out in Venezuela to permit users to send and receive Dash (DASH) through SMS. All the Dash Text customers have to possess is a smartphone with an Internet connection to conduct SMS-based transactions with DASH.
On the other hand, Venezuela is experiencing a significant financial drawback as this South American country is affected by hyperinflation. The country’s government tries to tackle this issue with the launch of the Petro (PTR) national cryptocurrency which would is an oil-backed crypto token Venezuelan officials hope to reduce the inflation.
As many Venezuelans can’t afford to buy clothes, food, and other day-by-day products, cryptocurrencies seemed an excellent solution to tackle the hyperinflation that affects the country for more than two years. On the other hand, many have left the country to seek better jobs in neighboring countries.
Now, Dash Text rolled out across Venezuela to allow customers to send and receive Dash (DASH) via SMS, as DASH is one of the most popular crypto tokens in this country.
Dash Text Rolls Out in Venezuela To Permit Users To Send and Receive Dash (DASH) through SMS
“Venezuelans living abroad send an estimated $2 billion back home in remittances. This process often takes too long and costs too much, making it a huge pain point for many users. With Dash Text, we are providing real solutions that address real problems,” said Dash (DASH)’s Global Head of Business Development, Bradley Zastrow.
“People need easy and cheap ways to send money home, and we’ve done it in a way that expands the Dash ecosystem to those without smartphones! Dash Text offers the perfect solution to ensure that everyone can become part of the Dash family, regardless of what phone people own,” he added.
Dash Text, which rolled out in Venezuela to permit users to send and receive Dash (DASH) through SMS, has been put up by Dash team and BlockCypher blockchain solutions startup to tackle the Venezuelan hyperinflation and boost DASH adoption across the country.