Dash, a digital currency for payments, is now available through Texcent’s subsidiary app Paycent, a hybrid wallet for fiat and digital assets aiming to be a global leader in mobile and cashless transactions. Users and merchants can buy, sell, and convert between digital assets with the Paycent app on iOS, and Android, as well as exchanging Dash.
“Paycent’s real-time transaction speed and multiplatform API makes this a great opportunity for anyone, regardless of experience with digital assets, to make payments to merchants as well as pay cross-border remittances using their smartphone device,” Dash Core Group director of business development Bradley Zastrow said. “This is the kind of integration that makes cryptocurrency’s payments potential a reality to the global public.”
In addition to conversion between digital assets, Dash users can utilize Paycent’s Dash-to-Fiat instant liquidity functionality for local merchant payments. While cryptocurrencies offer cost-savings to merchants over traditional credit/debit card solutions, the necessity of near-instant transaction speeds and currency conversion have become a challenge to widespread merchant adoption.
“One of the reservations the average day person or shop owner has with utilizing cryptocurrencies is transaction settlement times,” Payment COO Nitin Gupta said. “No other digital asset can compete with Dash’s InstantSend transaction speed. Dash allows merchants the ability to receive payments instantly by a customer, making Dash one of the first entries into real-life consumer payments making it no different as if you were to swipe a credit or debit card.”
Paycent’s Dash integration is made possible through blockchain web services and infrastructure provider BlockCypher. BlockCypher specializes in blockchain agnostic solutions and makes it easier for users and companies to interact with several cryptocurrencies through one solution. “We are pleased to see Texcent integrate Dash and other digital assets so quickly using our web services and infrastructure,” said Karen Hsu, head of growth at BlockCypher. “We look forward to working with Texcent on new cases in industries that are ripe for blockchain disruption such as real estate and healthcare.”