Dash Is Now Available on Paycent for P2P Cross-Border Payments and Instant Liquidity
Dash becomes the preferred cryptocurrency option for Paycent and is now accessible to 36 million merchants globally for cashless transactions
Singapore, Asia – May 9, 2018 – Dash, the top digital currency for payments, will now be available through Texcent’s subsidiary app, Paycent, a hybrid wallet for fiat and digital assets that aims to be a global leader in mobile and cashless transactions. Users and merchants will now be able to buy, sell, and convert between digital assets in seconds with the Paycent app on iOS, and Android, as well as exchanging Dash.
Director of Business Development at Dash Core Group Inc., Bradley Zastrow said, “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. 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 as an easy, secure option 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.
Chief Operating Officer of Paycent Nitin Gupta said, “One of the reservations the average day person or shop owner has with utilizing cryptocurrencies is transaction settlement times. 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 leading 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.”
The Paycent app is currently available to mobile users around the world via both the Apple Store and Google Play Store.
Dash is the leading e-commerce and payments-focused digital currency, and the rising alternative to bitcoin. With over 1000% year over year growth in both value and trading volume since 2015, Dash has been consistently ranked in the top ten digital currencies by market capitalization and only one of the few offering safe, decentralized financial solutions to real world problems. Dash offers a form of money that is portable, inexpensive, divisible, and fast. It can be spent easily and instantly online at merchants across the globe, at much lower fees than credit and debit cards. With over 50 members on the development team and a unique blockchain mining and treasury model, Dash is the only major self-funded, self-governed organization in the cryptocurrency industry. This allows for constant development and funding for the entire project so community members can upload and vote on proposals, and if they are approved, they are paid for directly from the blockchain. Dash plans to unveil their landmark product Dash Evolution, the industry’s first easy to use decentralized payments platform in 2018.
Texcent Asia is a Singapore based company that owns and runs mobile wallet PayCent. PayCent lets users to convert digital currencies to fiat and vice versa in real time basis. Users can hold Fiat, Dash, Bitcoin, Ethereum, Litecoin, and Paycentos in the PayCent app. The company aims to bring digital currencies to the masses by enabling buying, selling and cashing out option on a single platform.
BlockCypher is the leading Blockchain Web Services” company. Their web services enable blockchain applications to be built easily. BlockCypher takes care of the complexity of building and running blockchain infrastructure. BlockCypher is blockchain agnostic and runs multiple blockchains–open and private — on the same infrastructure.