Earlier on in September, the team at DASH launched Dash Text: a Venezuela-based company providing SMS-based transactions using the digital asset. Back then it was in beta testing and users could easily access it using a five-digit shortcode on Movistar, one of Venezuela’s largest Telecom company.
The team at DASH launched the service in order to combat hyperinflation and the breakdown of local payment processing services. Since cryptocurrencies are legal in Venezuela, DASH fully launched the service at an opportune time just yesterday, November 5th. Rather than spending hours at local ATMs to withdraw cash, DASH provides a perfect alternative for Venezuelans seeking liquidity and instant payment services.