Mercury Cash, a US-based cryptocurrency exchange, has added Dash to its offerings alongside Ethereum. The integration allows users to purchase and sell Dash using debit or credit cards. Mercury Cash
Mercury Cash, a US-based cryptocurrency exchange, has added Dash to its offerings alongside Ethereum. The integration allows users to purchase and sell Dash using debit or credit cards.
Mercury Cash holds a Money Transmission License in Florida but conducts most of its business in South America, where over 50% of its customer base operates. Victor Romero founded Mercury Cash in 2016, and the company has grown steadily since. Mercury Cash aims to become "a regulated bank for the digital generation." The platform plans to add NFC support on phones and bank account linking in future updates.
Dash Core Chief Executive Ryan Taylor welcomed the announcement. He said the integration will "expand the geographic availability of broker services to allow us to better serve those markets." Taylor highlighted the geographic advantage: "Mercury Cash broadens options for Dash's access to licensed brokerage services, especially in relation to the payment corridors between the US and South America, where we've seen a rapidly growing demand for Dash." He added that "Mercury Cash launched recently, and it is already growing at a rapid pace. We see a lot of value in partnering with them early."
Romero explained Mercury Cash's thinking. "We decided to integrate Dash onto the Mercury Cash exchange because we know Dash has a vast amount of potential for scalability and an already functioning instant payment network," he said. The speed advantage matters for everyday use. "For example, if you're going to McDonalds and order a burger you're not going to wait over ten minutes for a block confirmation before you're allowed to consume the burger." He distinguishes Dash from Bitcoin on transaction capacity. "One of the reasons I like Dash is that it works as a real payment method. It is ideal because it has InstantSend transactions, and it allows many more transactions per second over Bitcoin," Romero said.
South America represents an untapped market. Romero sees opportunity in Venezuela, where citizens "are more likely to have their money in other assets rather than in Venezuelan fiat currency." Chronic inflation pushed this migration. "Due to the constant inflation, people are seeking the opportunity to buy Dash and secure their money in cryptocurrencies, instead of Fiat which is extremely risky. The same holds true in other South American countries that suffer economies prone to inflation, which is almost always an issue in developing economies," he said.
Romero harbors expansive expectations for cryptocurrencies. "I have a strong feeling that cryptocurrencies will replace fiat currency in the long run. At least 80% of the transactions will be in cryptocurrencies rather than fiat," he said.
