Why hasn't crypto taken over the developing world? We've all heard the hype, that crypto banks the unbanked, and so on. But largely, we've seen the developed world take up the lion's share of attention and investment in crypto. This isn't to say it isn't making inroads into the developing world. It definitely is. It just isn't (yet) on the same level of financial inclusion as what we'd like. Here's some of the biggest reasons this hasn't happened yet: 1??The developing world can't afford to lose money on volatility If Bitcoin or Dash (or whatever) goes down 15% over the course of a week, a US or western European merchant can handle that risk on a few small payments. But a merchant in the developing world may not be able to make bills. Their position is much more precarious, and volatility is a real adoption killer. ? 2? The developing world doesn't have on-ramps/infrastructure In the US and Europe for example, it's super easy to buy crypto: link your bank and debit card and you're good to go. You can also spend it on bills and more through many companies that make this convenient. Elsewhere, the same infrastructure just isn't there. Fewer on-ramps, fewer users have access to banking services to buy it in the first place, fewer cash on-ramps, and so on. It's much harder to acquire a new user this way. 3??The easier money is in the developed world Sad truth, but the crypto world has chased easy gains, and the easier gains are from high-net-worth individuals who can grow capital in the project. The value you get out of an acquisition in the developed world is much higher for roughly the same cost, especially in this heavily speculative world. Reaching the unbanked is the hard path forward. But, we don't think this state of affairs is good enough. Dash is money for the world. We're working on some solutions: ?? Stablecoins solve the volatility problem A stablecoin denominated in the US dollar (for example) is a valuable anti-volatility tool. We're working hard on getting some stablecoin options on Evolution the new Evolution chain. This will make our job of reaching the developing world a lot easier. Yes, being tied to fiat valuations isn't ideal, and longer-term (or right now for those who can take the risk), Dash as the base currency unit is the way to go. But stablecoins can onboard the more risk-averse until Dash starts to lose its volatility. ?? We're working on tools for bill pay etc. in the developing world We're in open conversations with infrastructure providers who could help us service the developing world. Stay tuned as we onboard more! ???We're working on ways to earn Dash We're working on partnerships that would allow people to earn Dash natively, without having to buy with fiat first. We believe this will be a killer app that would allow users everywhere to start participating in the Dash economy today. It's a long road to service the whole world, but we're committed to it. Dash is freedom money for everyone.
Dash Core Group
金融服务
Scottsdale,Arizona 555 位关注者
Dash Core Group is the main developer of Dash, a cryptocurrency focused on payments
关于我们
Dash Core Group is the main developer of Dash, a cryptocurrency focused on payments. Dash (DASH) is digital cash designed to offer financial freedom to everyone. Payments are instant, easy and secure, with near-zero fees. Built to support real life use cases, Dash is the leading decentralized payment solution. Users can purchase goods at thousands of merchants and trade it at major exchanges and brokers around the globe. Since its creation in 2014, Dash has demonstrated leadership in innovation and pioneered groundbreaking features such as: - Two-tier network with incentivized nodes and decentralized project governance (Masternodes) - Instantly settled payments (InstantSend) - Instantly immutable blockchain (ChainLocks) - Optional privacy (PrivateSend)
- 网站
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https://www.dash.org/
Dash Core Group的外部链接
- 所属行业
- 金融服务
- 规模
- 11-50 人
- 总部
- Scottsdale,Arizona
- 类型
- 私人持股
- 创立
- 2014
地点
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主要
1475 N Scottsdale Rd
Suite 200
US,Arizona,Scottsdale,85257
Dash Core Group员工
动态
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Dash Evolution, nine years in the making, has launched! Get fast, reliable access to decentralized, query-able data for your project now. https://lnkd.in/d4Bq34BK
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Building Unalivio: Stablecoin-powered Financial tools for LatAm | Global head of growth | Keynote Speaker
I'm thrilled to share that I will be in Dubai from April 15th, and have a few tickets and perks that I want to share with my connections!????? I will be there for business, participating on conferences & expanding my network during two weeks, until the first days of May. So far I've confirmed: ?? I will be speaking at Blockchain Life 2024 Forum, and have a discount code for 10% off tickets! Let me know if you'd like it! ?? I will be attending TOKEN2049 and a lot of the side events! Let's meet there! ?? I will be a speaker at Web3 Dubai by Web3 Global and have five tickets to give out to my connections that want to attend?web3dubai.io Write in the comments if you will be around, and I'll share the discount code or tickets for you! See you soon!
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Digital Payments Processing Between Web2 and Web3 Worlds The intersection of digital payments processing between #Web2 and #Web3 worlds in our insightful panel discussion. Join industry experts as they delve into the evolving landscape of #digital transactions, examining the challenges, opportunities, and emerging trends shaping the future of finance. Discover how Web3 innovations are revolutionizing payment processing and bridging the gap between traditional and #decentralized systems. ?? Among the panelists are Xinxi Wang, PhD from Litecoin Foundation, Jess Houlgrave from WalletConnect Marcel Robert Harmann from THORWallet, Ernesto Contreras Escalona, MBA from Dash Core Group, and Sergiu Biri? from MultiversX and xPortal. The moderator is Daria Krasnova – Editor of BeInCrypto. ??? April 15, 16:50 ??Main Stage by Uminers ??? Buy tickets to the Crypto Event of the Year: https://lnkd.in/ejQxx2fD