Will DasCoin Be the First-Ever Cryptocurrency to Go Mainstream?

After scaling to unprecedented heights in 2017, a combination of outright bans and sanctions from countries and banking institutions across the globe saw the price of Bitcoin slump incredibly.

With the bans and sanctions, one could foresee a digital currency revolution that could run out of steam.

The fact that a huge majority of cryptocurrencies insist on non-government or bank regulation and hostlarge networks of unverified users, make it hard for the digital coin brands to integrate with mainstream financial platforms and grow widespread adoption.

Could DasCoin have finally figured out how to tear through these stumbling blocks?

Here are some DasCoin benefits that may see DasCoin go mainstreamsoon after launching their Blockchain technology in Zurich, Switzerland?

  • Integration with over 60 million merchants online

They call this “Digital Enablement”. The company reports it figured a major challenge to increasing adoption was the few numbers of merchants on-boarded onto blockchain technology.

They are rolling out DasPay, an on-device architecture based on Host Card Emulation (HCG) technology. What the technology does is allow DasCoin usersto carry their card-like e-wallets to use for transactions in different spots where DasPay is accepted.

A DasPay users only need to use their Near Field Communication (NFC)enabled devices to pay for products or services wirelessly in a few minutes.

The HCG technology combined with the NFC aspect is supported by about 60 million merchants such as Visa, Japan Credit Bureau, MasterCard, and UnionPay (China). This would mean DasCoin could help its users accessmore merchant stores than Bitcoin’s 150,000 merchants worldwide.

  • DasCoin Uses Bank-Standard Authentication

For the digital enablement to work seamlessly, DasCoin figured it would need to host a network of authenticated DasCoin users.

The company has a central management structure to help oversee this. Theirhuman managersensure users are verified using the banking-standard Know Your Customer (KYC) procedure.

What this means is transacting with DasCoin is likely to be safer, less haphazard and hassle-free, attracting even more mainstream users.

The industry’s lack of a robust KYC authentication in the past had led to financial crimes such as extortion and terrorism funding to go on unabated. That is probably why fewer people have felt comfortable engaging in cryptocurrency trading out of a fear of losing money.

  • Faster, More Efficient Core Technology

DasCoin’s Consortium Blockchain technology seems to have been built with scalability in mind. So while it does pretty much everything else other blockchain systems do, their Consortium blockchain is leaner and faster than most.

The speed factor plays out evidently in transaction speeds. The ecosystem has the capacity to process 100,000 transactions for every seconds and payments only take 6 seconds, which is way ahead of most altcoins.

  • Mainstreaming crypto trading and exchanges

The company has also announced it is rolling out a pioneering Electronic Communications Network (ECN). ECN is an exchange trading technology that is connecting the largest banks in foreign exchange.

It even allows third-party players to participate in DasCoin trading via a plug-in such as MetaTrader.

Together with these measures, DasCoin is also working to become fully compliant with Combating Financing for Terrorism (CFT) and Anti-Money Laundering policies. And this could further position it as a mainstream digital currency devoid of the negatives of either fiat money, Bitcoin and other altcoins.

42 COMMENTS

  1. Good day! This is kind of off topic but I need
    some help from an established blog. Is it very hard to set up your
    own blog? I’m not very techincal but I can figure
    things out pretty fast. I’m thinking about making my own but I’m not sure where to begin. Do you have any tips
    or suggestions? Thanks

  2. Hi there would you mind stating which blog platform you’re using?
    I’m going to start my own blog soon but I’m having a hard time deciding between BlogEngine/Wordpress/B2evolution and Drupal.
    The reason I ask is because your design seems different then most
    blogs and I’m looking for something unique.
    P.S Apologies for getting off-topic but I had to ask!

  3. Terrific article! This is the type of information that are meant
    to be shared across the web. Shame on Google for no longer positioning this submit higher!
    Come on over and discuss with my web site .
    Thanks =)

  4. I think this is one of the most vital information for me.
    And i am glad reading your article. But should remark on few general
    things, The website style is ideal, the articles is really great :
    D. Good job, cheers

  5. excellent submit, very informative. I ponder why the other specialists
    of this sector don’t understand this. You must proceed your writing.
    I am sure, you’ve a huge readers’ base already!

  6. Have you ever thought about creating an ebook or guest authoring on other websites?
    I have a blog centered on the same topics you discuss and would love to have you share some stories/information. I know my
    audience would enjoy your work. If you’re even remotely interested, feel free
    to send me an e mail.

  7. I do accept as true with all of the ideas you’ve presented
    for your post. They’re really convincing and will
    certainly work. Nonetheless, the posts are very short for beginners.

    May you please prolong them a bit from subsequent time?

    Thanks for the post.

  8. Today, I went to the beach with my children. I found a sea shell and gave it to my 4
    year old daughter and said “You can hear the ocean if you put this to your ear.” She placed the shell to her ear and screamed.

    There was a hermit crab inside and it pinched her ear.
    She never wants to go back! LoL I know this is completely off topic but I had to tell someone!

  9. I think this is among the most significant info for me.
    And i am glad reading your article. But want to remark on some general things, The web site style is perfect,
    the articles is really excellent : D. Good job, cheers

  10. I not to mention my buddies ended up looking at the excellent
    key points located on your site then all of a sudden got a terrible
    feeling I never thanked the web site owner for those secrets.
    Most of the boys were definitely certainly very interested to study them and have in effect definitely been having fun with these things.
    I appreciate you for turning out to be considerably considerate
    as well as for obtaining this kind of fine areas most people
    are really wanting to be aware of. Our own honest apologies for not expressing gratitude to earlier.

  11. First of all I want to say excellent blog! I had a quick question that I’d
    like to ask if you don’t mind. I was interested to find out how you center yourself and clear your mind
    prior to writing. I have had trouble clearing my mind in getting my thoughts out.
    I truly do take pleasure in writing but it just seems like the first 10
    to 15 minutes are generally wasted just trying to figure out how to
    begin. Any recommendations or tips? Cheers!

  12. 258386 623608Nice 1, there is truly some excellent facts on this post some of my subscribers may possibly find this helpful, will send them a link, numerous thanks. 651154

  13. It’s a pity you don’t have a donate button! I’d definitely donate to this superb blog!
    I suppose for now i’ll settle for book-marking and adding your RSS feed to my
    Google account. I look forward to fresh updates and
    will talk about this blog with my Facebook group. Chat soon!

  14. Thanks for the sensible critique. Me and my neighbor were just
    preparing to do some research about this. We got a grab a book from our area library but I think I learned
    more clear from this post. I’m very glad to see such magnificent information being shared freely out there.

  15. I am not sure where you are getting your information, but good topic.

    I needs to spend some time learning more or understanding more.
    Thanks for wonderful information I was looking for this info for my mission.

LEAVE A REPLY

Please enter your comment!
Please enter your name here