Dash Surges by 12% to Overtake IOTA After Equicex Debit Card Integration
Dash [DASH] saw a massive price pump over the past few days, surging past IOTA [MIOTA] to take the 14th spot on the global coin market. The coin was buoyed by the London-based Equicex, which added Digital Cash to its exchange platform and debit card service.
After the announcement, Dash surged against the US dollar by 12.33 percent over 24-hours. The coin rose by a whopping 13.41 percent to reach $92.55, after the announcement. At press time, the coin dipped slightly to $91.72.
After languishing at $708.56 million, the market cap hiked by almost $100 million to reach $803.78 million in the aforementioned time period. At press time, IOTA trailed DASH by just $5 million. However, given the latter’s surge, the gap was expected to increase.
The exchange with the maximum DASH trading volume was the South Korean crypto-exchange, Bithumb, accounting for 75 percent of the global trade via the trading pair DASH/KRW. Other prominent exchanges were ZBG and ZB.com.
Equicex opened up Dash trading with several top cryptocurrencies including Bitcoin [BTC], Ethereum [ETH], Litecoin [LTC], Ethereum Classic [ETC] and Bitcoin Cash [BCH], among others. Additionally, digital cash was also integrated on their virtual prepaid and plastic card deposits.
David Miller, the CIO of Equicex, stated that the currencies on offer included the US Dollar [USD], Euro [EUR] and the British Pound [GBP], but the exchange “will add more currencies depending on our user’s countries.”
Through Dash’s implementation on the debit card platform, the cryptocurrency will see a lot more retail use. Over 4,800 merchants have already integrated Dash, many in countries with declining native currencies, like Venezuela and Colombia.
Read the original article here.