January 23, 2021 2:34 am

Dash Core CEO: Cryptocurrency Facing a “Usability Crisis”

Ryan Taylor, CEO of Dash Core Group, the main development group behind the Dash (DASH-USD) decentralized cryptocurrency, believes cryptocurrencies are facing a “usability crisis” as the technology inches closer to mass adoption. Taylor believes that the complexity involved in using cryptocurrencies may lead to many users suffering bad experiences, including even loss of funds. Dash aims to address this head-on with the release of the new DashPay social payments wallet, now in public alpha, which features usernames, contact lists, and other intuitive elements to an easy-to-use payments experience.

Speaking about the current problems users face when paying with cryptocurrency, Taylor said:

“I believe that the cryptocurrency industry is headed towards a usability crisis of sorts. There is record interest in buying cryptocurrencies like Bitcoin as a store of value, but when consumers go to withdraw their Bitcoin off of an exchange, they’re faced with trying to correctly type in or copy and paste an unruly long cryptographic hash that just isn’t readable to the average person.”

Taylor also noted that although……………


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Author: Julia Magas
Original link: https://www.investing.com/analysis/dash-core-ceo-cryptocurrency-facing-a-usability-crisis-200556814

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tungfa is responsible for social media communications, and posts both original stories and links to news coverage of Dash from around the web.