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Dash Text Beta Launched in Venezuela - Dash News. Thursday, September 20

20 september 2018, 22:44 by Jofor Humani

Dash Text Beta Launched in Venezuela

Dash Text is a service that allows people to make Dash transactions with just mobile phones even if they do not have access to the internet. The service has just been launched in Venezuela, a country where less than 40 percent of the citizens have access to smartphones.

The service requires sending by SMS, a five digits short code similar to SMS voting. Lorenzo Rey, who is the co-founder of the Dash Text said the inspiration came from the realization that majority of the people do not have access the appropriate mobile devices to use Dash.

The beta version that has been launched is available for subscribers of Movistar one of the telecom companies in Venezuela. The service will be made more widely available with time.

The service has high utility in Venezuela, a country that has tightly regulated banking remittances as a result of economic downturn. Another advantage stems from the fact that the Dash Text is very low fee in comparison to other remittance services.

The Dash team is also working on integration with local PoS systems so that merchants can accept Dash via mobile phones.

Dash is Showing Strength

As one of the coins that have exhibited certain level of resilience, Dash is trading in green today at $192 gaining a modest 2.26 percent. It is interesting to note however that the dips are not as deep as they could have been while recoveries are coming fast making Dash remarkable. 

With a day trade volume of $235 million, the Dash chart is showing two triangles. There is a significant buying pressure as it seems the market is focusing on coins with strong bullish performance. The coin has made a breakout but faced with resistance around the $200 mark.

Even with throwback, the coin has shown good health with a support at the 50, 100 and 200 EMAs.

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