Dash combines with the Brazilian cryptocurrency exchange Cointrade.cx to support InstantSend technology. It allows a user to deposit the payment on the Dash platform instantly.
Cointrade.cx is a leading and well-growing exchange company that includes fiat trading pairs i.e., Brazilian real (BRL) with fiat stablecoins Tether (USDT), TrueUSD (TUSD) and Bitcoin (BTC). A user can anytime deposit and withdraw the payment instantly. The process is enough fast that it can save the time required to access the exchange account and allow traders to trade their exchanges.
There are around 20 exchange services listed on the Dash website. Cointrade.cx combined with Dash after looking at the present exchange collection and brokers of Dash.
After including the Dash platform, the currency presence is growing in the Brazil market. There is another Brazilian cryptocurrency exchange i.e., NovaDAX with fiat trading pairs recently combined with Dash. After that, Kamoney adds Dash that helps users to pay bills, purchase gift cards and other services with Dash.
In Latin American countries, people use Dash on a large scale. Many merchants in Colombia use Dash. The regional teams of Dash like Dash Latam and Dash.Red targeted Spanish-speaking regions. All the new users purchase commodities from local merchants using Dash. In 2018, thousands of merchants in Venezuela accepted payments through Dash. There is an excellent use of Dash by retailers, chains like Traki, Farmarket and, Farmarato, shopping malls, and parking.
Many exchanges do not support Dash and its InstantSend as some do not believe that Dash deposit services work faster than other cryptocurrencies. Trading platforms, Vaultoro and Coinbase recently combined with Dash, and they accept deposits after the confirmation. Due to ChainLocks, the Dash blockchain process gets irreversible after approval and a user with extra caution deposits payment with additional permissions. Therefore, it takes around 2.5 to 5 minutes more in depositing the payment as compared to other cryptocurrencies.