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Dash Now Used for Making Parking Payments in Venezuela

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    Venezuela has embraced Dash as the parking payment of the future

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CarMillennium, the parking lot of Venezuela’s Millennium mall, now offers its clients an opportunity to pay for parking services with the Dash cryptocurrency. The privacy-focused coin will replace fiat money to significantly cut wait times at checkout.

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A new parking payment option

Dash allows processing payments at breakneck speed, which explains why over 500 customers have already tested out the new option in less than a month. Notably, they were able to make payments even during a nationwide electrical blackout because of the DashText feature.

Considering that Venezuela is the number one market for Dash, the 15th biggest cryptocurrency by market capitalization was an obvious choice for CarMillennium.

So far we have found Dash to be the best option in the market, mostly because of the speed and low cost of the transactions.

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Adoption milestones

Overall, 20 percent of merchants at the Millennium mall have already integrated Dash, which is a significant milestone if to consider that digital assets generally struggle with retail acceptance.

The coin’s adoption in the hyperinflation-stricken country has recently reached new highs due to its partnership with KriptoMobile. The company’s $70 smartphone comes with an in-built Dash wallet that allows making fast and cheap payments.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Bitcoin Price Likely to Decline to $7,800: Crypto Analyst

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    Bitcoin is to find support at $7,800 or recover to $8,300, an analyst writes, but either way ‘continuation of the ranging on either of the levels is going to occur’

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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Over the last few days, Bitcoin has been trading below the $8,500 area. At the moment, it has recovered to $8,258 after the recent slip below the $8,100 level.

Analysts have been bullish on BTC in the long run, however, the nearest BTC price movements are expected to be bearish.

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The crypto analyst @CryptoMichNL believes that there are two paths ahead of Bitcoin at the moment. If it fails to recover to $8,300, he says on his Twitter page, then the market should be ready for the flagship coin to drop and find support at the $7,800 or $7,300 levels.

Whichever way it goes, ‘continuation of the ranging on either of the levels is going to occur’.

The analyst tweeted this forecast twice with an hour pause.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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