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Inflation Creates Unique Opportunity for Dash Growth

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Mark Mason

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Inflation Creates Unique Opportunity for Dash Growth

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Dash’s success in Venezuela was recently highlighted by a Business Insider article that discussed how Dash is supplanting other currency options in the country.

The article started off by mentioning how Venezuela is set to see one million percent inflation this year and how there is confusion around the government’s attempted solution. The article then proceeds to talk with Ryan Taylor, CEO of Dash Core Group, about how Dash is “seeing tens of thousands of wallet downloads from the country each month”. The article then went on to talk about how Dash is able to offer its fast transaction speeds, low fees, security, ease of use, and DAO to provide services to consumers and merchants to improve their lives, which includes being a relatively better store of value when compared to the Bolivar.

Read more - https://www.dashforcenews.com/inflation-creates-unique-opportunity-for-dash-growth/
 
An excellent article. DashForceNews is getting better at what they do each month.

We need to focus on Venezuela first and foremost. It is not just the fact of high inflation but also the legal framework is set up to make using all crypto currencies, including DASH legal. That means there is no legal barriers either which is a big concern for many people about using crypto. If we can make it work in Venezuela and the World sees the country get back on its feet again from using DASH this would be a blueprint example for other countries with similar problems to follow suite.

Due to limited funds we should focus the majority of our energy and treasury funds in order to achieve the goal of making Venezuela the first DASH nation and to make that conversion as soon as is possible.

In 2017 the GDP of Venezuela was around 347 Billion USD. That is when the country is in a terrible crisis. DASH can solve that crisis by giving the people a sound, stable, reliable currency. In fact a more advanced form of currency than any other country in the World. We are seeing real practical results in Venezuela with uptake of DASH by real world merchants and users, not speculators or hodlers.

The teams in Venezuela are promoting the DASH brand first and foremost, what I really like most is that the end users are directly using DASH. That is making DASH the primary currency and not some other currency. This is what we want. We want end users to be using DASH as their go to day to day currency. For people to be free of using Fiat currency which is controlled and printed away at will by governments, or in the case of USA the Fedral reserve and in Europe central banks. By the way there is nothing "Fedral" by the Fedral reserve it is a privately owned and operated organization independent of the US Government and unaccountable to the US government as can be seen on numerous youtube videos:





DASH needs a real world example of how a country can thrive on a crypto currency. Venezuela is the no. 1 choice for us to primarily focus on due to the dire need there and due to the work we have done so far. However many of the South American countries are also prime candidates such as Colombia, Argentina, and Brazil to name a few. South American countries speak a common language Spanish as their primary language (Brazil Portuguese) making communications simple. This explains their friendly approach to each other. This opens the door to collaboration between the different countries in South America. If DASH is established in Venezuela the Venezuelans will share their knowledge with other South American countries and help them also convert to using DASH.

Other countries of the world do not have a common language e.g in Africa or Europe where different languages are spoken and countries are more individualistic.

I heard an interview with Ryan Taylor recently where he stated that the USA was the no.1 location for uptake of cryptocurrency. However I have to say I do not agree with that statement. Venezuela and South America are the No.1 location for uptake of DASH due to the need, the positive legislation, the weak governments which cannot stop the uptake of crypto, the lack of regulations and most of all the desire by the people to escape the terrible suffering that occurs with hyperinflation that has occurred in countries such as Argentina, Brazil and now Venezuela. The people in these countries have had enough and they are actively looking for a solution - that is not the case in the USA where they enjoy a stable currency.

DASH is that solution and we should be working to put all we've got to support the uptake of DASH in South American countries. Advertising spent in USA and Europe for DASH is much too early and is taking away money we could be using to establish DASH in much more open countries. We only have limited funds. We need to focus our funds where they will have the maximum return on investment with the minimum barriers to entry. We need to focus our efforts and money in South America and put all we've got to get established there. In this way in a very short time DASH could become established in South America as the go to currency. Once that is established we can go back to countries like the US and Europe with a proven track record of a digital currency being used in real world use.

Kudos to DashForceNews for focusing PR articles and news reports to raise awareness about Venezuela and South America as the destinations where DASH is having a major impact. These news reports focused on the community projects in South America is helping tremendously.
 
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Totally agree
Should focus efforts for Dash adoption in countries where local fiat-currency is more volatile than Dash - not less like $ or EU
 
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