Partnership with Dash Next
We are thrilled to announce that DIA is partnering with the digital currency network Dash to enable merchant and developer community access to the broader DeFi ecosystem.
Dash is a digital currency that enables anyone, anywhere in the world to make quick, easy and cheap payments at any time without going through a central authority. Based on a decentralised peer-to-peer network, and secured by strong cryptography, Dash offers a safe and user-friendly payment method without barriers. Dash is portable, inexpensive, divisible and fast digital cash for both the internet and everyday life.
With a competitive transactional speed of 1 second and low fees, a growing base and thousands of merchants are now using the digital payment currency as their preferred payment method. During the last quarter of 2020, Dash had an average of +22,300 transactions per day and a payment volume of $0.92billion. Dash has brought the benefits of decentralisation to a mass of mainstream users outside of the deeper crypto and DeFi ecosystem.
In light of the recent surge of interest in DeFi and the growing maturity of applications, Dash and DIA are setting out to build a bridge enabling DeFi access for the merchants and users of Dash. The move will set the foundation to enable this target group to take advantage of the financial freedoms and opportunities of DeFi.
The first step towards this goal is the integration of DIA oracles to the Dash platform — a technology stack enabling developers to build decentralised applications on the Dash network — as well as making Dash price and data feeds available to Ethereum and other L1 and L2 protocols through DIA’s open-source oracle platform.
Michael Weber, Founder and Association President of the DIA Association says:
“Dash has accomplished what only a few projects have: A use case and adoption among a non-crypto native target group. We are excited to embark on this partnership that will enable a more mainstream target group to leverage the benefits offered by the decentralised financial market.”
Felix Mago, Co-Founder of Dash Next adds:
“Together with DIA, Dash is building the infrastructure for the next generation of payments and financial freedom. Oracles are a key building block because they allow for the automation of financial and payment data.”
Dash Next and DIA will continue to explore further use cases to leverage the capabilities of both platforms to create value for users of DIA data as well as Dash’s developer and merchant communities.