Dash Sees 100% Rise in Commercial Payments Through Latin American Partnerships

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Dash has announced a 104% rise in commercial payments through Q1 2020, along with increased adoption, trading volume and price performance.

Privacy-oriented cryptocurrency Dash has announced its first quarter of 2020 financial report to investors, revealing solid growth in adoption and commercial payments.

According to the report, commercial payments using Dash grew 104% for Q1, helped by a number of partnerships in the Latin American region.

Solid year-over-year growth
During Q1 2020 the number of active Dash wallets installed on mobile devices reached 101,747, representing a 214% increase year-over-year and a 21% increase on the previous quarter.

In the same period, the median number of daily commercial payments using Dash grew to 17,127, a growth of 104% year-over-year.

This growth has been spurred by several partnerships in Latin American countries, notably in Venezuela and Brazil.

As Cointelegraph reported, in January a collaboration with Burger King in Venezuela enabled payments using Dash and other cryptocurrencies. Additionally, thousands of merchants in the country are now accepting Dash thanks to local advocacy programs and a recent integration with MegaSoft point-of-sale terminals.

In Brazil, over 2.5 million merchants can now take Dash as a means of payment through solutions such as ATAR Pay.

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