Dash (DASH) recorded 5% gains in the twenty-four hour period leading up to Wednesday evening, boosted by news that the DashPay mobile wallet has received Uphold integration.
DashPay App Gets Uphold Integration
Uphold is a digital financial services provider which boasts a range of features, including instant and free transactions among other members of the platform. According to today’s press release by Dash Force News:
“…cryptocurrency brokerage service Uphold has been directly added to the official Dash mobile wallet. This allows users to sign up for an Uphold account, login on the Dash wallet, and easily buy or sell Dash with bank transfer or credit card right within the wallet.”
Essentially, Dash users who have the official DashPay wallet app for Android mobile devices will now be able to buy Dash directly from the wallet. Support for iPhone users is expected to land soon.
The Uphold platform has apparently already processed $4 billion worth of digital money transactions. According to Uphold’s Chief Revenue Officer, Robin O’Connell, the integration of Uphold into DashPay may be beneficial for both camps:
“What we like about Dash is its commitment to driving adoption across the Globe with more and more instances of real world use cases involving Dash payments. Uphold’s integration with the Dash Wallet helps increase Dash usability. Now Dash users will have more ways to add funds to the Dash wallet with Uphold which will in turn make it easier to spend with Dash.”
The CEO of Dash Core, Ryan Taylor noted the effect that instant, in-wallet purchases of Dash will ultimately make it easier for the project to spread through adoption. The Dash community has been one of the busiest on the ground in recent times, and increased adoption appears to be the goal. Taylor said:
“Uphold has been a tremendous partner for us, providing users with a streamlined option for acquiring Dash. With this wallet integration, users can acquire and use Dash easier than ever. Our goal of achieving widespread adoption can only be made possible by making the user experience as easy and intuitive as possible, and Uphold continues to be an important partner in making the Dash experience one that can be easily accessed by anyone.”
Besides the growth +7% growth recorded by XRP (XRP) following the Coinbase news on Wednesday, Dash is the only other altcoin to see serious growth.
From a coin price of $151.41 up to the day’s peak of $159.21, DASH grew 5.15% in value over the course of the day. Dash nows sits in thirteenth spot in the market cap rankings, with a total value of just over $1.3 billion.
Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.
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