Cryptocurrency Dash, a leading e-commerce and payments-focused digital currency, is now listed on London’s CEX.IO cryptocurrency exchange. It can also be bought and sold online with a linked bank account.
CEX is a FinCEN-registered and PCI DSS-compliant exchange and broker that allows users to trade between different currency/fiat pairs and buy and sell digital currencies online with bank transfers or verified bank cards.
Dash posted the following press release:
CEO of Dash Core Ryan Taylor said, “CEX.IO has a long and respected track record operating in the digital currency space. Their team is highly focused on the safety, stability, and legal compliance of its platform. For Dash users and traders, the integration into CEX.IO represents another great option for them to acquire Dash through bank transfers or with payment cards from a significant number of countries. The site’s “Buy / Sell” feature makes acquiring Dash as easy as making a typical online purchase. We are especially proud to see Dash added as the latest digital currency on CEX.IO’s platform, as they are very selective about the currencies they choose to add. For me, it further validates that Dash is now clearly among the few digital currencies that are relevant for consumers.”
It is certainly true CEX can bring a few benefits to the Dash market in general, as it has over one million registered users, and grew rapidly in popularity due to its market low credit fees and free bank transfers. After all, having more platforms supporting the currency means there is a bigger ecosystem.
CEO of CEX.IO Alex Lutskevych said,
“We see Dash as a top rated digital currency so it was really only a matter of time before we joined forces. We really respect the fact that Dash is based on a real decentralized ledger and has such a strong core team and growing community. Dash also features a two tier architecture of PrivateSend, InstantSend, decentralized governance and a budget system. It’s obvious that Dash matures fast. Most importantly, Dash’s InstantSend function is incredibly impressive; in my opinion it has already paved the way for and surpassed Bitcoin’s Lightning Network, which will allow for faster Bitcoin transactions to take place. Dash are true standard setters.”
From today, CEX.IO will allow its clients to deposit fiat via credit card or a bank transfer and then use the exchange platform to buy or sell or trade against other currencies. Fast withdrawals of USD, EUR, GBP to credit or debit cards will also be available. Soon, CEX.IO will add ‘bundles,’ so that users can seamlessly purchase Dash in $100, $200 or $500 increments via credit or debit cards.
“The main deterrent of digital currency to typical investors is time and cost issues associated with access. To buy most digital currencies, people usually need to make a double exchange, for example; like fiat to bitcoin, and then bitcoin to Dash, and it can take an eternity for both transactions to settle. We have solved that dilemma. Greater access to Dash means more adoption, and more ways people can spend it on everyday goods and services or save it. More adoption means more popularity. And more popularity means more value,” Lutskevych said.