DasCoin bills itself as the currency of trust, a moniker it puts to the test with its revolutionary DasPay digital value storage and payment system.
The vast majority of new cryptocurrencies are hard-pressed to demonstrate any true utility. There are at least 1,500 digital currencies in circulation and only a fraction of those have clearly designated use cases. Even fewer purport to be in a ready-to-spend state. Even Bitcoin is only accepted by about 150,000 traders worldwide – hardly blockbuster acceptance figures.
DasCoin is thinking bigger. The coin’s development team hopes that its product will become the first truly mainstream, day-to-day cryptocurrency.
The Path To A Globally Recognised Currency
DasCoin’s hybrid structure marries centralized and decentralized currencies and is based on liquidity, security and capital appreciation. The first DasCoin was minted on 31 March 2017 by DasCoin CEO and founder Michael Mathias.
His vision includes DasCoin’s interoperability with the Visa and Mastercard payment systems, potentially opening the door to more than 60 million businesses with its distributed application DasPay.
DasPay, launching on June 30, will allow DasCoin users to spend directly on associated networks via smartphone.
It sounds like a lofty goal, but DasCoin is already well on its way. The trail has been blazed by DasCoin’s blindingly fast transaction times – just six seconds, with a scalability factor that permits up to 100,000 transactions per second(and all that with zero transaction fees).
Cashless Payments With DasPay
DasPay will initially give a select set of users the ability to make payments in DasCoindirectly from their smartphones. Eventually, it will be available as a plastic pre-loaded card and could facilitate payment in various currencies, both fiat and crypto. Security is guaranteed by DasCoin’sblockchain technology. Additionally, DasCoin features a variety of regulatory safeguards, including full Know Your Customer (KYC) requirements, a permission blockchain, centralized emission, and the hardware-supported WebWallet.
DasCoin In 2018 And Beyond
DasCoin has laid the groundwork for a real shift in cryptocurrency use by the masses with its DasPay app; it appears to have struck a balance that no coin thus far has been able to find between safe centralization and cutting-edge distributed blockchain tech. This separates DasCoin from other cryptocurrencies. Real use cases are few and far between, but DasCoin appears to have settled into its niche with ease.