In a bid to diversify and bolster adoption, the Dash-powered cryptocurrency payment platform, Dash Text, made a foray into the Telegram app. This development emerges after the completion of the beta trials.
Talking about the latest move and leveraging Telegram, Lorenzo, the CTO and the Co-Founder of Dash Text, stated that the service in the messaging platform enabled users to use the crypto-asset Dash without installing any other app, such as a crypto-wallet, on their phones.
According to the founder, Telegram is a “great channel” which will drive wider accessibility of the virtual asset driving the platform. Lorenzo cited,
“Telegram is the second most popular chatting app in Venezuela, and it’s specially popular amongst people who are into crypto. There are also many people who have cheap and/or old smartphones that can’t run wallets reliably due to memory problems.”
The cloud-based instant messaging platform Telegram is quite popular among the cryptocurrency members. Reportedly, the Dash Text team tried to collaborate with the popular messaging platform Whatsapp, but the plans came to a full-stop when Whatsapp’s moved to ban cryptocurrency transactions on its platform.
As rumors of the inception of Facebook’s native cryptocurrency emerged, the founder expected the two firms could “try to stifle competition in their own apps” at some point.
Despite new updates pouring in from the Dash [DASH] community, the thirteenth largest cryptocurrency on the CoinMarketCap, has failed to post rallies. The digital coin exhibited a significant drop after losing the twelfth position to the controversial BSV recently. At press time, DASH held a market cap of $958.5 million and was valued at $109.28.
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