NEW YORK — June 6th, 2020 — Dash, one of the largest cryptocurrencies by market capitalization, and LGO, the leading institutional digital asset trading platform have partnered to power one of the world’s largest cryptocurrency cross border payment networks.
Through their OTC platform, LGO will bring deep liquidity, competitive prices, and industry-best customer service to Dash holders looking to buy or sell Dash against fiat and cryptocurrencies. Dash has chosen to closely partner with LGO as the OTC liquidity provider for the community of Dash users. Both will work towards reinforcing the position of Dash as the leading digital cash for individuals and businesses around the world.
Dash, also known as digital cash, is one of the leading digital currencies for businesses and individuals alike, allowing quick, easy, and cheap payments across borders. Thousands of merchants and services around the globe have adopted Dash to take advantage of its near-instant transaction speed (including settlements), security (the only 51% attack proof cryptocurrency by virtue of its technology), and the overall user-friendly experience Dash has to offer. Dash has been experiencing rapid growth since revealing their strategic focus on hyperinflation, remittances, and integrating InstantSend and ChainLocks into partner platforms within strategic complementary areas of the Dash ecosystem.
“We believe that developing relevant use cases for crypto is the key to adoption. Dash has a large and powerful community of individual users and businesses around the world, said Hugo Renaudin, CEO and Co-Founder of LGO. We believe LGO can add value by providing the best prices on Dash against fiat currencies and we are extremely happy to help the Dash Network. Dash and LGO both share the belief that cross border payments through peer to peer systems are crypto’s #1 use case and we are glad that our OTC services can be of help to the Dash community.”
“LGO offers liquidity on a wide range of cryptocurrencies, stablecoins, and fiat currencies, said Ryan Taylor, CEO of Dash Core Group. Their OTC platform is plugged into the best liquidity in the industry and is able to supply clients with the tightest prices on large trades. LGO is active in more than 20 different countries and supports multiple currencies – such as USD, EUR, JPY, MXN, CAD, BRL, and GBP – which can now be used to purchase DASH.”
Remittances and cross border payments are rapidly growing segments of payments, and digital currencies like Dash offer greater efficiency and speed for these payments. In fact, the World Bank estimates that cross-border payments will grow from $715bn in 2019 to $1,413bn in 2025 thanks in part to new technologies like blockchain and cryptocurrencies. This partnership positions Dash and LGO to better compete with traditional payment systems.
Dash is digital cash designed to offer financial freedom to everyone. Dash allows millions of individuals across the globe to carry out instantly re-spendable and secure transactions, with near-zero fees. Built to support real-life use cases, Dash is the leading decentralized payment solution: it is accepted at merchants globally, accessible via 1,600+ ATMs and 100+ exchanges worldwide. Dash has pioneered groundbreaking features including: two-tier network with incentivized nodes and decentralized project governance (Masternodes), instantly settled payments (InstantSend), instantly immutable blockchain (ChainLocks) and more. The Dash Network’s development is supported by Dash Core Group, the largest organization funded by the Dash Treasury, which supports and nurtures the continued worldwide development and integration of Dash. For more information, visit https://www.dash.org/ or follow the organization on Twitter @DashPay.
LGO is the leading institutional capital markets platform for digital assets which allows clients to buy, sell, lend and borrow cryptocurrencies, stable coins and tokenized assets. LGO’s services include a spot exchange with the deepest liquidity in the industry, an OTC desk, as well as financing and lending services.