European payment app 2gether is adding dash to its roster of supported tokens. 2gether enables users to spend cryptocurrencies through a Visa debit card.
Introduced in March in 19 countries of the European Union, 2gether now provides support for a total of nine tokens, including bitcoin, bitcoin cash, XRP, ether, Stellar, EOS, QTUM, litecoin, and dash. Through an iOS or Android app, users can buy and sell cryptocurrencies, as well as pay for goods and withdraw cash in the ATMs.
The company would then exchange customers’ cryptocurrencies for fiat and send euros to the merchants that accept crypto payments. This is the same method implemented by 2gether’s competitor, the Coinbase Card, which is introduced in April in collaboration with the U.K. payment processor PaySafe.
In explaining why it chose dash, 2gether said that the currency has “become the solution in crisis-stricken countries like Venezuela and Thailand, which has prompted greater demand for the coin in the global sphere.”
Ramon Ferraz, CEO of 2gether, said the dash collaboration is crucial for the firm as it is “one of the most widely-used cryptocurrencies” worldwide. “Adding dash to our list of nine cryptocurrencies opens us to new markets in order to expand our reach and visibility outside the eurozone,” he added.
Dash Core Group CEO Ryan Taylor said, “The addition of dash to 2gether’s platform helps strengthen the bridge between crypto and fiat-based financial markets, and provides more ways for eurozone citizens to reap the benefits of decentralized payments.”
The dash community has been working to increase cryptocurrency adoption in countries where there are many unbanked citizens and highly volatile local currencies. Since 2015, the Dash Treasury DAO has awarded more than $33 million-worth of dash, including $2.3 million for initiatives in developing nations like Ghana, Zimbabwe, and Kenya.
Dash is currently trading at $159.28, based on CoinMarketCap data.