A pharmaceutical franchise in Venezuela is accepting the Dash (DASH) cryptocurrency as a form of payment. It will be doing so via a payments system designed by Panda Exchange, reports CoinDesk.
The chain, known as Farmarket, will work with XpayCash, a point-of-sale system that works directly with the cryptocurrency, which is “the top digital currency for payments and e-commerce,” states a blog post.
As mentioned, it’s the system owned by the Panda Exchange, and thanks to that on top of Dash’s useful InstantSend tech, payments will be instantaneous.
“For Farmarket, innovation supports our core values of serving clients, growth and system development, so being able to offer Dash through XpayCash will allow us to offer the most updated payments technology on the market,” claims Cinthya Sagues, the General Manager of Farkmerket. “Having the support from the Dash teams directly in the stores will allow us to bring the Dash experience we have seen in many parts of the country into our stores, and we are confident this will translate to a short learning curve and an improved service level to our customers,” she continues.
Sagues goes on, stating that Dash at Farmarket is an attempt to grow the company and spread it even wider. It’s a step towards “a purchase driven economy.” Where citizens in Venezuela but also Colombia, where Panda is based, can “buy medicine from abroad and resolve health issues for their relatives and loved ones” while using Dash.
The system went live on August 26 in top stores in Caracas, Venezuela, and will move on to other stores later on. Arley Lozano, the CEO of Panda Exchange, spoke on the matter as well:
“Being a Bitcoin advocate and store owner offering Bitcoin payments since 2013, I realized almost nobody was using it to pay because of the difficulties to convert into fiat and getting used to working with exchanges, wallets and more. So we designed XpayCash in a way it offers the possibility to cash out completely or keep a percentage of crypto, in this way merchants can learn about the usability and possibilities of Crypto as they use it.”
