Dash, Considered Alternative to Bitcoin, Integrates into Mycelium
As teams behind Mycelium and Dash announced a partnership that will see the eighth most valued cryptocurrency available for sale and purchase on one of the highest rated software wallets, a top Dash official sees a new trend in the cryptocurrency market.
Dash VP of Business Development Daniel Diaz says via email:
“I think the industry is moving in a direction where the most popular wallets are going to offer more than one payment network to their users. Wallets will become Blockchain agnostic and let the users decide the network that suits their needs better for a specific application. We are thrilled to be working hand in hand with such a forward thinking company as Mycelium.”
Mycelium, one of the world’s first and top rated software wallets, will integrate with Dash which will come into effect in October to allow Mycelium users to buy, sell and hold Dash, whose unique characteristics include extremely low fees, advanced encryption, instant transactions, and optional payment privacy through pool mixing technology.
Dash is like digital cash managed by a self funded, self governed organization comprised of over 15,000 users who move half a million dollars across the network every 24 hours. It can be spent instantly online and at merchants and service providers worldwide with transactions verified by miners and its system protected by 4,000 master nodes across the world. Its in-built governance and funding system allows projects to be proposed and voted on by the community, and if approved, paid for directly from the Blockchain.
The partnership is a testimony to the Dash system’s ability to make agreements with traditional corporations and keep its commitments while being a DAO.
Mycelium’s vision of a crypto hub
Diaz says partnering with Mycelium, which has a vision of becoming a hub for crypto financial services, will increase the thousands of people using Dash as a stable alternative to Bitcoin and perfectly suited to the mobile user.
He adds:
“Dash has a series of added value properties that give it competitive advantage to other cryptocurrencies. It has a decentralized governance system, Blockchain funding, full node incentive, instant transactions and embedded privacy, but only users that can access the Dash network by acquiring coins can take advantage of these properties. So we have a strong focus in improving on-ramps and making it easier for users to get Dash. This partnership will help improve access to Dash by making it accessible to all users of the Mycelium wallets; our plan is to also include broker integration so that people can buy Dash directly inside the wallet.”