Rivet money: why has Venezuela become such an important market for you?
BZ: As a payment network, Dash focuses on solving problems in the space of payments, particularly where we see the greatest need and maximum adaptation.
Hyperinflation, like the one we are living in Venezuela, breaks all forms of payment because the underlying fiat is broken. In this regard, we see Venezuela as the greatest need.
Moreover, while the volatility of cryptocurrency is a disincentive to be spent in most economies, Venezuela is the most volatile Bolivar – the paradigm is reversed which provides a more convincing value proposition.
"The clarity that the regulation will provide will be long in favor of the adoption of cryptocurrency – everything from the help to clean up bad actors and provide guidance to companies on how to treat cryptocurrency"
Rivet of coins: what would you say to those retailers who might consider switching to cryptocurrencies but are wary of the timing and costs associated with the adaptation of payment systems, staff training, etc.?
BZ: Call us This is the value proposition in having an entity like Dash Core Group; part of the business development is our capacity team that works directly with the partners for integration. We have an additional network of partners that we can also bring into the conversation to make sure it does not take a lot of time or money.
We also work with our partners on marketing and promotion and drive value to them. There's more to it than a proactive network, like Dash, it can provide business partners with passive ones.
Rivet of coins: cryptocurrencies continue to attract a great deal of criticism. How do you respond to the accusation of being all hype and no substance and a solution to a problem that does not exist?
BZ: That criticism is right in many cases, and the explosion of last year's ICO is a great example where there were a lot of junk or ideas with unprofitable business plans. Dash, however, is different. We have real use cases, such as our Kriptomobile partnership that provides a fully loaded Dash mini-ecosystem on low-cost Android smartphones for Latin American markets.
Furthermore, our adoption by traders in the real world is strong. Over 2,400 merchants accept Dash in Venezuela and we have just launched our partnership as an exclusive cryptocurrency payment option for all Chicken & # 39; s Church locations in Venezuela.
Coin Rivet: The UK Treasury Committee recently labeled Bitcoin and other cryptocurrencies as the "Wild West Industry" and required regulations to protect investors. What is your opinion about regulation in this space?
BZ: Personally, I welcome the regulation. The clarity that the legislation will provide will in the long run only be for the adoption of cryptocurrency – all, to help clean up bad actors and provide guidance to companies on how to deal with cryptocurrency.
This does not mean that the industry should simply wait for the regulation to arrive. I think we should be active participants in the conversation and have a seat at the table.
"While the volatility of cryptocurrency is a disincentive to be spent in most economies, Venezuela is the most volatile Bolivar – the paradigm is reversed that provides a more convincing value proposition"
Coin Rivet: what can we expect from Dash in 2019?
BZ: We have a complete pipeline and we will continue to work on business integrations, new use cases and conduct transactions to our existing partner network.
On the development side we will publish Dash Evolution: the next update to the network. This will radically change the way people make transactions using cryptocurrency by allowing merchants to invoice their customers directly, rather than simply providing a payment address.
There are additional features we're working on, but it's really about creating a simpler UX for Dash users, companies and developers. While the current bear market is not, of course, a lot of fun, we do not see the future coming.