Global payment platform Payza is launching Dash cryptocurrency payments. Payza is similar to PayPal, allowing members to buy and sell, and send money across borders. It was the first e-wallet provider to facilitate transactions in Bitcoin like any other currency.
Payza currently has over 16 million members in more than 190 countries, including the US, UK and China. It supports 25 traditional currencies and, in addition to Dash, only one other cryptocurrency, Bitcoin. Members will now be able to hold Dash in their e-wallets, send and receive Dash to and from other Payza members, and exchange Dash into fiat currency or Bitcoin.
“There are several reasons that we chose Dash to be the second cryptocurrency integrated into our platform, after Bitcoin. Dash boasts low network fees and fast transactions, two features that users look for in a cryptocurrency,” said Payza CEO, Firoz Patel. In fact, Dash’s 1.2% fee per transaction is lower than the standard Payza receiving fee of 2.9% + $0.30. “Dash also has a vibrant and active community, especially in the developing world, which appeals to us as a company that also focuses on empowering underbanked populations. Finally, Dash is user-friendly and has a roadmap in place to further improve usability.”
Payza has partnered with BlockCypher, which specializes in blockchain solutions and features blockchain agnostic product to help promote the integration of Dash and make cryptocurrencies a reliable, safe and easy alternative to traditional fiat. According to the company’s blog post, Payza members who exchange fiat or Bitcoin into Dash will receive an extra 10% of the altcoin when they buy up to 1 Dash, and an extra 5% for each Dash purchased above that amount (up to 5 Dash purchased).
Developers at Payza are pushing to make 2018 the year of currency flexibility. They’re preparing to launch full support for Ethereum and Litecoin in the coming weeks, and are exploring other cryptocurrency integrations as well.