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Dash Text enables Venezuelans to use Dash via SMS

Tony Zerucha

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Dash, a cryptocurrency for payments and e-commerce, this week launched Dash Text, a Venezuela-based company providing SMS-based transactions for Dash.

This now provides a new way for users to acquire, store, and spend their Dash, while solving for one of the major barriers to entry in the cryptocurrency space — the need for a smartphone and access to the Internet. For the first time, anyone in Venezuela with any type of mobile device can use Dash. Dash Text is currently in public beta and can be accessed by Venezuelan citizens via a five-digit shortcode on Movistar and Digitel, two of the country’s major telecom companies.

“Venezuelans living abroad send an estimated $2 billion USD back home in remittances,” Dash Core global head of business development Bradley Zastrow said. “This process often takes too long and costs too much, making it a huge pain point for many users. 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.”

To register a mobile device, individuals need to send an SMS to the number 22625 with the word “DASH”, and then send the word “CREAR” to create a Dash wallet. After this is complete, the phone number will be eligible to send and receive Dash with the touch of a few buttons.

“It will help thousands of people have more economic freedom, as we’re working together with all the different Dash initiatives in the country to spread the word and get Dash Text into the hands of the people who need it,” Dash Text director Lorenzo Rey said. “Dash is the only cryptocurrency that can scale as a massive payment method in Venezuela at the moment — it is instant, safe, has cheap transactions, and offers an entire ecosystem of projects, solutions, and exchanges to support it, which is something other cryptocurrencies do not have.Users need easy-to-use solutions and easily reachable information, not a dark cloud of doubt.”

The new support for Dash Text is made possible through Dash’s partnership with BlockCypher, which specializes in blockchain solutions and blockchain agnostic products. BlockCypher enables companies and users to integrate with multiple cryptocurrencies through one platform.

Tony Zerucha

Tony Zerucha is an alternative finance journalist with more than seven years experience in the space. The author of more than 1,000 articles, Tony was named LendIt's 2018 Journalist of the Year.

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