Cryptobuyer, a Latin American exchange, has reportedly partnered with Venezuelan department store Traki and has rolled out zero-fee Dash buying on its ATM network. Dash reported that Cryptobuyer currently supports it, as well as Litecoin and Bitcoin. The platform now operates both a network of ATMs and merchants point-of-sale (POS) solution. It was revealed:
“The company recently announced a promotion for its ATM service, offering zero-fee Dash buying to facilitate the acquisition of Dash for use as remittances to Venezuela. Partnering with Cryptobuyer is Venezuelan department store Traki, which accepts cryptocurrencies including Dash, and will use Cryptobuyer’s point-of-sale solution. This partnership will allow Dash to be bought with no fee in Panama and sent to Venezuelans, who will then be able to buy a wide variety of products with it directly at Traki.”
Speaking about the collaboration with Dash, Ryan Taylor, CEO of Dash Core Group, stated:
“Dash usage is growing at a rapid rate in Venezuela, as it provides an alternative that is a more reliable payment method and store of value. We’ve anticipated this initiative from Cryptobuyer, as it provides the everyday person a seamless and efficient way to access Dash and lowers barriers to entry.”
Dash went on to report that its integration through Cryptobuyer will initially be run at Traki’s El Recreo store, with plans to expand to all 46 stores later this year. Dash added:
“Presently, Venezuela, which has experienced severe economic issues including hyperinflation and blackouts, is a premier Dash hotspot, with a current 2,431 Dash-accepting merchants listed on Discover Dash. Colombia has made significant strides in merchant adoption as well, with a present 327 Discover Dash listings.”