The popular Venezuelan SMS Dash payment method, Dash Text, is now expanding its services to Colombia with Claro, Movistar, Tigo, Avantel carriers, which covers about 95% of the Colombian cellphone market.
Anyone in Colombia is now able to sign up by texting the word “crear” or “iniciar” to 899979. Colombians can also visit dashtext.io/instrucciones for instructions on how to use the service. The Dash Text team, as explained by Lorenzo Rey Co-Founder and CTO of Dash Text, not only hopes to get more Venezuelans living in Colombia to send money back home, but to also get more Colombians and Dash teams in Colombia using the service.
“Colombia is a very important market for us, in terms of people without smartphones, surprisingly enough only 41% of Colombians have smartphones, even though they are not suffering the same crisis as Venezuela, the smartphone penetration figures are almost identical. That, and the overwhelming number of Venezuelans living in Colombia, as well as a Dash ecosystem already growing, made activating our service there a priority right after Venezuela. We certainly hope Dash Teams in Colombia start using it, I know they were using some alternatives for people without smartphones, hopefully they’ll switch to using Dash Text now, it’s a Dash exclusive, DAO funded platform that just makes sense, there is no easier way to know Dash for the first time than using Dash Text.”
Expanding Dash accessibility
While smartphones are rapidly increasing in adoption, only around 40% of Venezuelans and around 41% of Colombians own smartphones. Thus, a majority of the people that cryptocurrency is trying to help within these countries cannot access monetary and financial independence or purchase everyday goods and services through traditional mobile wallets. Dash Text has been solving this problem by enabling users to make these purchases via SMS text to send Dash. The lack of smartphones is the norm throughout much of Latin America, so the Dash Text team has strategically targeted specific countries as their next expansion region, according to Lorenzo.
“We want to activate our services in as many countries as we can of course, but our strategy is focused on the countries with the most amount of Venezuelans first, so they can send remittances back home, after Colombia the countries that we will give priority to are México, Spain, Perú, Ecuador, Panamá, Argentina, Chile and the US.”
Their expansion will better enable consumers to quickly send remittances to each other while avoiding the costly and time-consuming process of traditional remittance providers, which can also be shut down or stifled by governments. There are also services like CoinText, which offers Dash via SMS in the US and Canada and offers services via Bitcoin Cash elsewhere. However, Dash is seeing the most significant adoption in Latin America with around 2,000 merchants in Venezuela and over 500 merchants in Colombia.
Additionally, Lorenzo highlighted how Dash Text further helped Venezuelans during the recent blackouts in the country and provided an alternative means of payment.
“Dash Text kept working great during the most awful blackouts in modern history in Venezuela and many people were able to use it to top up their friends and family’s data plans as well as to make purchases, that is huge… I recently spoke with leaders of Dash Cabimas, Camibas is one of the small cities that has been most affected by the blackouts and they were so excited they could keep many operations using Dash Text, hopefully we will help them further to expand to more users over there, they just got approved for another Dash Boost cycle and are doing great work.”
Dash accommodates individuals
Cryptocurrency sought out to bring financial and monetary independence to individuals around the world. After Bitcoin’s fees skyrocketed due to artificial network limitations, Dash took the torch and improved upon it with InstantSend to speed up transactions, PrivateSend to maintain anonymity, a DAO to ensure proper growth and maintenance, and more! Dash then adds to the power of monetary and financial freedom by offering different services to accommodate consumers. There are copious Dash wallets that each offer their own features, in addition to the Dash Text and CoinText services. There are also services like Bitnovo that allow individuals in Spain, Italy, and soon France to easily purchase gift cards in stores and quickly and easily send remittances to loved ones via Dash Text. Through these multiple methods, Dash is able to achieve many of the core tenants that cryptocurrency set out to accomplish by helping individuals achieve freedom and wealth around the world.