Crypto Platform Dash Releases New Beta Version Of Dash Text Crypto Wallet
The specialists of the Dash platform released a new beta version of the Dash Text crypto wallet, which allows to transfer funds without any Internet access, Dash Force News reports.
Representatives of the platform accentuate that any owner of an ordinary cell phone will be able to send money by SMS messaging.
The algorithm is based on the voting principle using short SMS text messages. To confirm the operation, the phone owner has to enter a five-digit code. Venezuela was chosen for testing of the new beta version of the crypto wallet.
There are many people willing to use the services of Dash, but they often do not have such a possibility due to having old models of cell phones or absence of the Internet access, according to Lorenzo Rey, the representative of Dash Text. He elaborated that the idea of financial operations by means of short messages had already been applied in Venezuela for transferring bolivars. Due to virtual absence of similar analogues in the crypto sphere, the Dash developers decided to implement the idea on their own.
Venezuelans will be able to make money transfers within few seconds with a modest commission percentage. In the future, transactions via SMS messages can be introduced in the retail sector.
As previously reported, Venezuelans began to invest their money in cryptocurrencies, preferably Dash, in an effort to retain their savings during inflation.