Dash (DASH): When a new industry enters in to the market, it always has to face the most essential challenge of finding a feasible payments system. Just like cryptocurrency is facing in it’s early days, but unlike other industries which starts to settle slowly, cryptocurrency has hit pretty high in this fast growing era. This new invention of blockchain technology has been one of the best foundations to step into 21st century. Same as, when the internet was introduced in the late 1990s and early 2000s, that method turned out to be PayPal.
PayPal is an easy, convenient, secure, and affordable way to pay online. One of the biggest company to transfer money online. PayPal is accepted over 75% of online merchants, from big brands to boutique sites. It’s easy and secure with benefits like Return Shipping and Purchase Protection. However, PayPal is still a third-party payments system. All kinds of things can go wrong while having a third-party payment system. It doesn’t matter how safe and secure they pretend to be. Back in may 2018, a bank in mexico was robbed by a group of hackers. Hundred of millions were stolen by the hackers.
Could the hackers would have ever robbed the bank if a blockchain payment system like DASH (DASH) were being used instead? Definitely not. This new industry is save with this blockchain technology which has a decentralized system of distributive ledger. With this technology people can send money where ever in the world within seconds with no third party involved.
Why is DASH is to serve as the next paypal in future? Dash allows it’s users to send money using merchant’s mobile app or website in just a few minutes with an easy-to-use, decentralized API without a third party involved.
DASH when compared to Bitcoin (BTC), it can do faster transactions than BTC, or any other altcoin. DASH confirms about it’s transactions in one second or less time, which makes Dash an ideal choice for an industry with massive payment needs like the cannabis industry. Dash’s network has grown to 4,100 masternodes since it’s launch in 2014, meaning Dash’s peer-to-peer network is one of the largest in the world. Dash has been adopted by over 3,000 merchants in Venezuela in recent time.
Comparison B/W Dash (DASH) & PayPal…!
Dash has lower fees which is a huge edge over PayPal. PayPal fees and exchange rate arbitrage can reach up to 10% of the money transferred, especially on smaller transactions. Dash’s seller will have no charge back risk (a charge back is when someone pays you then claims you didn’t deliver and raises a dispute either with their credit card company or with PayPal). PayPal is not available all over the world, but Dash works everywhere in the world. Dash can’t freeze your fund, but Paypal can. If we assume that Dash Evolution will work as intended, holders of Dash will earn more Dash just by holding. Dash can be converted to actual cash using peer-to-peer systems, rather than having to withdraw through the banking system as with PayPal. Paypal can’t be loaded on to a debit card and spent at merchants worldwide, but Dash balances can be loaded. Dash can be integrated with existing point of sale system, vending machines, and ATM’s while PayPal can’t.
Future aspects of Dash (DASH):
The next chapter of the DASH ecosystem will be known as “DASH Evolution.” Just like Paypal, this system will let you have access to the balance in your DASH wallet from anywhere, on any device. This system will provide a new type of secure light wallet that will connect directly to the DASH network while being compatible with most web browsers.
Currently, Dash (DASH) is trading at market cap of $1.7 billion and at a price of $205 (at the time of writing). If dash becomes successful in achieving this land mark than dash will definitely be in the top 3 coins of cryptocurrency.