Dash, the privacy focused cryptocurrency, has entered a partnership with debit card innovator Shake that will allow its holders to purchase goods and services from millions of merchants across the world.
Dash holders can now ‘top up’ virtual or physical Shake Debit Cards and make purchases at any merchant accepting EUR and USD through Visa. Once topped up, the Shake Debit Card allows users to spend their Dash while paying merchants with their preferred fiat currency.
Dash VP of Business Development Daniel Diaz said: “This is a very exciting financial option for the Dash community. Our growing user base will now be able to keep their money in Dash and use their Shake Debit Card for common day to day expenses, regardless of the merchant accepting virtual currency or not. The addition of Dash to the Shake debit card is also one of the first commercial applications to take advantage of Dash InstantSend technology.”
CEO of Shake Jean Amiouny said: “Our collaboration with Dash heightens Shake’s user experience. Dash’s InstantSend technology, which is becoming extremely popular, enables top-ups to your debit card in seconds. We’re making crypto useable in everyday transactions. Imagine being able to travel the world and spend money like a local anywhere you go. No foreign exchange fees, no wire transfer fees, and no account blocking.”
Amiouny added: “When people sign up to Shake, a virtual or plastic debit card denominated in USD or EUR is sent in the mail. We charge a small fee for the plastic card; the virtual card, downloadable on phone, is free. Our tap & pay mobile app allows users to pay using their Android phones at any contactless terminal.”
“Partnering with Shake is a great solution for people whose local currency suffers from hyperinflation, are unbanked or just want to be their own banks. People can make the decision to opt-out of their failing financial systems without having to wait for merchants in their location to do it. In turn, the barriers of entry into the digital currency ecosystem are lowered, making virtual currency safer to hold,” noted Diaz.