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Dash Partners With IQ CashNow Adding 1000 Dash-Accepting Merchants

SCOTTSDALE, AZ-- Dash's digital currency for payments and e-commerce is now accepted at over 1,000 new merchants and more than 250 ATMs through its partnership with Linz, Austria-based IQ CashNow , a full-service provider specializing in cryptocurrency ATMs, point-of-sale terminals and e-commerce websites. Across Europe, the U.S. and Ecuador, businesses like coffee shops, bars and restaurants are reportedly now accepting Dash through IQ CashNow. The decentralized payment solution is accepted at th...

December 9, 2019 by Emily Jed

SCOTTSDALE, AZ -- Dash's digital currency for payments and e-commerce is now accepted at over 1,000 new merchants and more than 250 ATMs through its partnership with Linz, Austria-based IQ CashNow, a full-service provider specializing in cryptocurrency ATMs, point-of-sale terminals and e-commerce websites.

Across Europe, the U.S. and Ecuador, businesses like coffee shops, bars and restaurants are reportedly now accepting Dash through IQ CashNow. The decentralized payment solution is accepted at thousands of merchants globally, accessible via hundreds of ATMs and dozens of exchanges worldwide, according to the company.

One distinct advantage of Dash, the company points out, is that all payments are instantly settled at point of sale. Credit card transaction fees typically run between 3.5% and 5%, while the IQ CashNow cryptocurrency payment processing fee is around 1%. The average Dash fee is between 10¢ and 20¢ compared to the 35¢ to 50¢ cost of a traditional credit card transaction.

"Dash was an attractive addition for IQ CashNow because it's capable of settling transactions instantly," said IQ CashNow chief executive Gerald Wirtl. "Low fees, transaction speed and security are all core elements to our customers and towards driving broader adoption of cryptocurrency, and we feel Dash is a perfect fit."

Future integration plans will include promotion materials at POS terminals, creating a touchpoint to educate customers about the opportunity to pay with cryptocurrency. The IQ CashNow POS terminals are full-service devices, offering a way for merchants to not only process crypto payments, and will soon be adding support for traditional credit card payments as well.

"Dash is now available to more people than ever," said Dash Embassy founder and chief executive Jan Heinrich Meyer. "This partnership not only puts Dash and IQ CashNow closer to their shared mission of driving global adoption of cryptocurrency, it also makes transactions faster and cheaper for merchants across key countries and regions already seeing tremendous crypto growth."

company currently has 15 employees and operates subsidiaries in Germany, Spain, Italy, Liechtenstein, Hungary, Greece and Turkey.