A Venezuela-based company has introduced the first SMS wallet service exclusively for Dash transactions, enabling payments to be sent and received in the country without a smart phone or internet connection.

Venezuela Turns to Dash

Last month, Ryan Taylor, CEO of Dash Core Group, said that it was “seeing tens of thousands of wallet downloads from the country each month.” Hyperinflation and economic instability within Venezuela is forcing many citizens to turn to currency alternatives.

As a peer-to-peer digital currency for payments, with over 1,000 per cent year-over-year growth in both value and trading volume since 2015, Dash is providing an inexpensive and fast alternative to Venezuela’s bolívar. Yet, while Dash is becoming a popular choice not everyone is able to take advantage of it.