A project aiming to introduce Bitcoin and Dash payments across the Ukrainian retail sector has gained over $20,000 funding.<\/p>\n
The as yet unnamed initiative, which began as a proposal on the Dash Central platform, now has 255 Dash ($21,500) at its disposal and has partnered with backend clients to make consumer payments possible.<\/p>\n
In a progress update, developers pointed to a need for an alternative merchant scheme in Ukraine as extant operators such as Bitpay are not best suited to merchants\u2019 financial situations.<\/p>\n
\u201cThe problem with that is a limited number of fiat currencies that are supported there,\u201d developers write. \u201cYes, they have dollars and euros but there are so much more different (sic) local fiat currencies in this world.\u201d<\/p>\n
The food and hospitality sector is first in line to trial the eventual implementation, with two restaurant chains due to pilot.<\/p>\n
Transactions will be instant, even those which do not use Dash\u2019s Instant-Send feature, thanks to an API from local Ukrainian exchange Forksale, currently under development.<\/p>\n
Acceptance will come through the second partnership with Profit Solutions, a merchant payments facilitator for Ukraine which covers around 80 percent of active terminals according to the update.<\/p>\n
\u201cThat means that the restaurant industry is only a tip of the iceberg of how big this integration can be and the benefits for Dash network in particular since there will be a lot of Dash-exclusive features,\u201d it continues.<\/p>\n
Progress is brisk, with the initial ready-to-use product due for release in three months time.<\/p>\n","protected":false},"excerpt":{"rendered":"
A project aiming to introduce Bitcoin and Dash payments across the Ukrainian retail sector has gained over $20,000 funding.<\/p>\r\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[216],"tags":[],"acf":[],"yoast_head":"\n