Although Bitcoin is still the site on the international stage, Dash is becoming one of Venezuela's most popular cryptocurrencies at the northern end of South America.
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Since the oil price plunged in 2014, the economy of the South American country of Venezuela has been on the verge of collapse. As the Venezuelan government continues to print money to make up for the expanding budget gap, Venezuela's inflation rate may reach 1000000% this year, which will become one of the most serious malignant inflation crisis in modern history. The fiat currency has experienced a crisis, but the cryptocurrency has succeeded in Venezuela. According to Cryptobuyer, a Latin American cryptocurrency exchange, Dash has even great potential to surpass Bitcoin in the region.
In fact, more and more Venezuelan local suppliers and merchants are beginning to accept Dash as a payment option. At present, there are about 522 merchants in Venezuela accepting Dash, and users can check all the merchants' information on Dash payment transactions on the Discover Dash website. In September last year, Dash Caracas held the first Dash conference in the local area. Then Dash Venezuela began to expand its influence in Venezuela. On the one hand, it held various conferences to educate users on the one hand, and on the other hand, accelerated the promotion and acceptance of the business.
Venezuela is in a serious economic crisis and people are eager to find different ways to solve the dilemma. In addition, the oil coins guaranteed by the Venezuelan government have also greatly promoted the popularity of other cryptocurrencies.
Dash is a cryptocurrency that focuses on daily payment trading services and is currently ranked 14th on citicoins with a market capitalization of approximately $2 billion. Dash coin price today is $254.45.