Dash announced a collaboration exclusive with Krypto Mobile Corporation, which should lead to a new range of mobile phones compatible with cryptocurrencies. It is intended for Latin American consumers. This is a “new affordable way to acquire and use virtual currencies for daily transactions. “
Impressive price fluctuations
The agreement between Dash and Krypto Mobile should open huge opportunities for both companies. Moreover, the cryptocurrency market was in the green Wednesday, following the announcement of the partnership. 92% of the 100 largest virtual currencies in terms of market capitalization saw price increases over a 24-hour period encouraged by the rise in the price of Bitcoin .
Bitcoin rose by 4% while the Dash was in the green of 33% during the night of August 27th.
At the time of writing this report, its value is around $ 183, down 2.44% over the last 24 hours. Its market capitalization is estimated at $ 1.518 billion with a trading volume of $ 267 million.
The Dash and Krypto Mobile
Krypto Mobile Corporation (KRIP) announced the exclusive agreement with Dash at the August 25 Dash Caracas conference in Venezuela. The crypto-community learned the news through a tweet from Mark Mason who said:
“@Dashpay has announced an exclusive relationship with @KryptoMobile to provide Latin Americans with an affordable way to acquire and use the #Dash for daily transactions. The phones are preloaded with the complete $ Dash ecosystem. “
The Dash ecosystem would already be installed on KRIP phones, which includes the Dash digital wallet and the ability to easily receive and spend cryptocurrency. Users will only need to use partner applications like BitRefill.
MAJOR NEWS – @Dashpay has announced an exclusive relationship with @KriptoMobile to provide Latin Americans with an affordable way of acquiring & using #Dash for everyday transactions. Phones are pre-loaded with complete $Dash ecosystem. ???https://t.co/XasBlsqkD1
— Mark Mason (@StayDashy) August 27, 2018
Following this logic, Latin American customers will have mobile phones – pre-loaded with the Dash in a digital purse – retail at less than $ 100.
Luis Sosa, the co-founder of Krypto Mobile spoke about the partnership agreement between the two companies stating:
“We are witnessing an incredible transition in Latin America with those who are not banked, who are underbanked or who simply do not want to use the traditional banking system . The combination of our affordable and accessible phones with Dash’s InstandSend transaction capabilities and low fees will provide a myriad of benefits to these communities. And with the addition of Bitrefill and other Dash apps, like the Dash wallet, to our phones right out of the box, there’s simply no easier way to start using crypto-currencies like the Dash in everyday life. “
Dash can potentially become an alternative to local fiduciary money, which is really needed in Venezuela and other countries that are severely affected by hyperinflation.
What do you think of the partnership between Dash and Krypto Mobile? What impact would this have on the general adoption of cryptocurrencies in Latin America? Share your opinion in the comments section below.