Crypto CasinosAll ICOICO statsRatingReviewsBlogNewsDEFI Wallets Mining Exchanges Chart Events

Dash Demonstrates Payments With A New POS solution - Dash News. Monday, October 29th

29 october 2018, 19:54 by Jesús S. Affigne

Dash demonstrates payments with a new POS solution

It will be released first in Venezuela

A new Point of Sale (POS) solution using Dash (DASH) as its base cryptocurrency is about to see the light for the Latin American market, starting with Venezuela. Dash Help – world’s first support center for the aforementioned cryptocurrency and its platform, has recently uploaded a video in which its Co-Founder, Lorenzo Rey, demonstrates the use of this brand new payment solution for merchants.

During the Dash Colombia conference that took place on October 27, in Medellín, the entrepreneur was shown introducing the new devices that will be the first generation of crypto POS using this digital asset. These new solutions were developed by EletroPay, a Brazilian blockchain startup, and will keep improving thanks to the joint effort between the company and Lorenzo.

In the video, Lorenzo describes one of the several models that (presumably) will be available at launch. The superior one has an E-Paper display that shows a QR Code for the merchant’s address – which is also displayed in its alphanumeric format – that also has the amount of DASH to be paid, and a timer for sending the funds. A sound chip can be configured to play ringtones or indicate the amount received, and it also comes with a receipt printer for better control of the purchases by the merchants.

Then, to demonstrate the functioning, Lorenzo scans the QR code displayed on the device and send the funds indicated by it. A few seconds later, the machine beeps repeatedly, indicating that the funds were successfully received and printing the receipt with the information of the purchase.

“Imagine going to the restaurant and having one of these devices on the table – you can easily pay directly in the table without needing to go to the cashier to pay. It’s a beautiful device!” Lorenzo said.

As stated above, several models have been developed and depending on their specifications, some will be cheaper than others. This is to ensure that any merchant can afford one of these devices. No shipping date has been revealed, though.

Follow TokenTops on Twitter and Join Our Telegram Group to stay notified about new articles, cryptocurrency news, ICO announcements and price predictions and analysis.

Legal Disclaimer: Please remember that trading, buying or any other type of investing in cryptocurrencies should be consider risky and may lead to the loss of all of the invested money. For further information visit Terms and Conditions section on TokenTops. We do not encourage our readers to any kind of financial decisions. Neither nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from We believe that everyone should make their own and in depth research on the particular topic in various sources before making any financial decision and this person should be the only one responsible for the outcome. Our writers do their best to remain unbiased and don't actively support any project. The research is done with various sources, the predictions are based on own believes, analytical skills, experts and community discussions and is intended to convey general information only. 

You may also like


Write comment 0 comments

You need to login to create comments.

Get the week’s best ICO right in your inbox