Uphold and Dash: fees on withdrawals removed and iOS support
Blockchain

Uphold and Dash: fees on withdrawals removed and iOS support

By Stefano Cavalli - 14 Aug 2019

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Dash, one of the leading cryptocurrencies for e-commerce payments, has announced that Uphold has removed the fees on withdrawals associated with the crypto and will now support the Dash Wallet for iOS.

By creating an Uphold account it will be possible to buy and sell Dash directly within the Wallet at no network cost.

The purchase can also be made by debit or credit cards, using bank accounts in the United States and within the European Union.

Uphold is a cloud-based financial services platform that provides access to a wide range of currencies and investments, all available in one place, with transparency and security. 

It has generated over $1 billion in transactions from members in 181 countries and provides services to companies, developers, NGOs, nonprofit organisations and individuals.

It has offices in San Francisco, Los Angeles, Braga, London and Mexico City.

Adding iOS integration and removing withdrawal fees from the DASH network creates a great opportunity and makes the service even more accessible than ever before. Removing fees is particularly important for communities using Dash as their currency because of their struggle with hyperinflation and the economic crisis.

“This integration simplifies how users transact with Dash and brings us one step closer to our goal of widespread adoption”.

said Ryan Taylor, CEO of Dash Core Group.

“InstantSend has been a key feature of Dash on Uphold, allowing for quick movement of Dash into and out of the platform. Its availability to both Android and iOS users without withdrawal fees means that Dash is even more affordable and accessible than ever”.

Uphold has eliminated the $2.99 flat rate charged to customers during the withdrawal process. All that remains is the Dash network fees, which are less than a penny in the United States. Since its inception in 2013, Uphold has facilitated nearly $5 billion in transactions, making it easy for users to acquire and transfer over 30 cryptocurrencies, along with traditional currencies such as USD, Euro and many more.

Uphold’s CRO, Robin O’Connell, explained:

“Dash has been a long time partner of Uphold and we work closely with them to optimize usability. These updates to our integration make it easier and less expensive for users to pay with Dash in real-world scenarios, increasing Dash’s usability and streamlining the user experience”.

Dash as a payment method

Meanwhile, as announced in a tweet, at a Venezuelan shopping centre where it is possible to pay for parking via Dash, as many as 697 payments were made with the crypto, a lot more than those made in fiat currency.

In the same period, over 1000 purchases were made in stores that accept Dash in Colombia and Venezuela, for a total of almost $7000 as reported by Dash Latam.

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