Dash Launches Retail-Focused DashDirect App to Boost Adoption

The app allows users to pay for everyday purchases at national chain retailers with their DASH holdings.

Jul 27, 2021 at 5:58 p.m. UTC
Updated Sep 14, 2021 at 1:31 p.m. UTC

Dash, a blockchain-based payments network, has launched a noncustodial and user-controlled retail app to boost adoption of the cryptocurrency by merchants.

Called DashDirect, the app allows users to pay for their everyday purchases at national chain retailers with their DASH holdings, according to the press release shared with CoinDesk.

Users of DashDirect can qualify for discounts of up to 12% on purchases, the company said. Participating retailers and online merchants include American Eagle, AutoZone, Best Buy, Chili's, Chipotle, CVS, DoorDash, GameStop, Home Depot, Subway and Ulta.

"DashDirect is an instant-savings retail app that allows the cryptocurrency DASH to be spent at more than 155,000 stores and 125 websites within the United States," Marshall Greenwald, CrayPay's CEO and DashDirect's founder, said.

That puts Dash ahead of Bitcoin in terms of adoption as a payments network. Data tracked by CoinMap.org shows bitcoin, the top cryptocurrency by market value, was accepted at 22,883 venues worldwide at the end of June.

The app uses the official Dash wallet to facilitate transactions and transfers money on user verification. Further, users don't have to pay any currency exchange fees.

The product built by CrayPay, an Arizona-based fintech company in partnership with Dash Core Group, is backed by the Dash Investment Foundation.

The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
CoinDesk - Unknown
San Francisco NFL Player Alex Barrett Taking His Salary in Bitcoin

The most valuable crypto stories for Thursday, May 20, 2022.

The most valuable crypto stories for Thursday, May 20, 2022.

CoinDesk - Unknown
2
CoinDesk - Unknown
Justin Sun Still Thinks Algorithmic Stablecoins Are a Good Idea

The crypto mogul also said LUNA and UST might make good "meme coins," he said on CoinDesk TV’s “First Mover.”

The crypto mogul also said LUNA and UST might make good "meme coins," he said on CoinDesk TV’s “First Mover.”

CoinDesk - Unknown
3
CoinDesk - Unknown
Former BitMEX CEO Arthur Hayes Sentenced to 2 Years Probation

Hayes pleaded guilty to one count of violating the Bank Secrecy Act (BSA) in February, and faced a sentence of up to 12 months in prison.

Hayes pleaded guilty to one count of violating the Bank Secrecy Act (BSA) in February, and faced a sentence of up to 12 months in prison.

CoinDesk - Unknown
4
CoinDesk - Unknown
Market Wrap: Cryptos Decline Amid Choppy Trading, DeFi Tokens Underperform

Aversion to risk remains as volatility returns to stocks and cryptos.

Aversion to risk remains as volatility returns to stocks and cryptos.

CoinDesk - Unknown