Bitcoin Crypto Teller Network Adds Dash in Latin America

 Panamanian crypto-teller machine TigoCTM has added Dash to  its roster of cryptocurrencies for sale and purchase over its network in  Latin America. With a new partnership, Dash will see its partner TigoCTM, a crypto  teller machine company, add the cryptocurrency to its network of ATMs  that already provides bitcoin and other digital currencies to adopters  and new users in Panama and Latin America. TigoCTM CEO Cindy Zimmerman sees reason for cryptocurrencies to  flourish in Latin America among unbanked or underbanked users in Latin  America, particularly in countries like Venezuela where economic  instability and uncertainty is well publicized. The chief executive  revealed that many of TigoCTM’s customers do not trust nor want to use  the banking system locally. In statements, Zimmerman said: 

We started this company in Panama because there was no  way for anyone there to convert cash into cryptocurrency, and after the  financial crisis in Venezuela took hold, the demand for an alternative  way of accessing money quickly grew. For example, the bolivar has recently seen 100% year over year  inflation; bitcoin has been more stable than some local fiat currencies.

Dash turned two years old in January 2016 and marked the occasion by  doubling its blocksize from 1MB to 2MB following an instant vote among  stakeholders running a node of 1,000 Dash or more. The voting process  was resolved within 24 hours, with an overwhelming majority of 2156 yes  votes to 4 who voted against the blocksize increase. Dash founder Evan Duffield spoke to CCN  after the second year of the Dash project, which he saw as a fork of  Bitcoin, before detailing fundamental differences between Dash and  Bitcoin. The cryptocurrency is notable for its use of a two-tier network  of masternodes, unlike the Bitcoin network where all nodes are seen as  the same. Speaking to CCN, Duffield stated: 

[T]he Dash network with its second tier gives the network  the ability to pay our full-nodes, allowing for a permanent robust  network of nodes. As our network grows, the operators of our second tier  actually make more money because they share in the mining reward. Built on this technology, we’ve unlocked the ability to do  instantaneous transactions on our network that confirm in 1-4 seconds.

With a market cap of $55 million, Dash is currently the 8th biggest cryptocurrency, with a trading volume of $ 338,978 in the last 24 hours. 

Source : cryptocoinsnews.com