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 and pay cross-border remittances using their smartphone. 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, 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 card solutions, the necessity of near-instant transaction speeds and currency conversion have become a challenge to widespread merchant adoption.
COO of Paycent Nitin Gupta said, “One of the reservations the average day person has with utilizing cryptocurrencies is transaction settlement times. No other digital asset can compete with InstantSend transaction speed. Dash allows merchants the ability to receive payments instantly from 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.”