A Strategic Vision for Dash

Executive Summary

Dash digital cash is a top-20 cryptocurrency with more than 5 years of development and many technological innovations and important integrations under its belt. Its many Dash-funded organizations (DFOs) are staffed with qualified and committed people. But Dash lacks a strategic vision. Dash lacks a strong brand, it lacks a story, a cause, a narrative. Dash lacks an inspiring answer to the question, “Why do you exist?”

Without a strong brand, our growth is ultimately limited and people are left asking why they should care about Dash.

Dash needs a strategic vision; that is (1) a goal it wants to achieve, (2) a killer use case, (3) a hungry market with a strong fit and (4) a story that ties it all together, inspiring people to use, evangelize and work for Dash — especially when to do so is difficult.

This is a strategic vision for Dash that consists of reaching 100,000 active and happy media-producing users in Latin America who are saving time and money by using Dash for remittances with a brand that partners with the 2 billion people trapped in the informal economy to build prosperity in the developing world.

Dash as Permissionless Money that Actually Works

In order to discover the killer use case of Dash, we need to identify what distinguishes it from other styles of money, particularly fiat, which is our main competitor.

Here are some of Dash’s key favorable characteristics.

  • Dash settles instantly and is instantly respendable, providing all of the convenience and fluidity of cash without the hassles or limits implicit in physical notes or bank balances.
  • Dash crosses borders as if they didn’t exist, saving money and time.
  • Dash requires no permission to use it, there are no artificial limits and there are fairly convenient fiat on-/off-ramps everywhere. Further, it is possible to effectively hide the fact that you are using Dash.

On the downside:

  • Dash is volatile. You might get 50% more purchasing power, or you might lose 50% of your purchasing power.
  • Dash is not human-identity-based money, but key-based money. This paradigm shift frustrates and confuses people. When you lose access to your wallet, you can’t call someone and present your state-granted ID document to regain access.

Our killer use can involve crossing borders where people value their privacy and their ability to dispose of their ledger balances while bypassing rent-seeking intermediaries who place artificial limits on them and charge unreasonable fees.

The Informal Economy

The informal economy, informal sector of the economy, or grey economy is the part of an economy that is neither taxed nor monitored by any form of government. Although the informal sector makes up a significant portion of the economies in developing countries, it is often stigmatized as troublesome and unmanageable. — Wikipedia

People talk about the unbanked but this is not entirely useful. Crypto is not banking 2.0. A Dash wallet is not a bank account. We need to talk about the informal economy.

The informal economy is billions of small businesspeople worldwide, mostly in the developing world, mostly characterized as “poor” who have been excluded from the globalizing world economy by rent-seeking middlemen such as banks and nation-states.

Crypto is little more than a unified, frictionless ledger. Assets in the informal economy are actually many times greater than those in the formal economy. They are simply represented on fragmented and disconnected informal ledgers. This precludes them from being leveraged to finance development. The informal economy is the largest, yet most fragmented, marketplace in the world.

The poor inhabitants of these nations — five-sixths of humanity — do have things, but they lack the process to represent their property and create capital. They have houses but not titles; crops but not deeds; businesses but not statutes of incorporation. It is the unavailability of these essential representations that explains why people who have adapted every other Western invention, from the paper clip to the nuclear reactor, have not been able to produce sufficient capital to make their domestic capitalism work. — Hernando de Soto, Economist and author of “The Mystery of Capital”

The informal economy is a place where people have mobile connectivity, where people are hungry for growth — and where they laugh at FATF regulations and other acronyms. They just want value now.

Dash is value now, literally.


Remittances are a large and growing business. Remittances to the developing world grew nearly 10% in 2018, to a record USD$529 billion. The flow into Latin America and the Caribbean was USD$88 billion in 2018, led by Mexico, Colombia, Ecuador and Guatemala among others.

But consumer costs remain high. The World Bank reports that the average fee for remitting USD$200 is 7%.

The world is more mobile. In 1990, 153 million people lived outside their country of birth. Today that number is 270 million, representing an increase of 76.5%.

Meanwhile, foreign direct investment fell in 2018, meaning remittances flows are more important than ever to sustain economic development in low- and middle-income nations.

Remittances were once viewed by many economists as a secondary issue for developing economies behind FDI and equity investments. Yet because of their sheer volume and consistent and resilient nature, these flows are now “the most important game in town when it comes to financing development”, says Dilip Ratha, head of the World Bank’s global knowledge partnership on migration and development. (The Economist, 28 Aug 2019)

Remittances represent a killer use case for Dash because they take advantage of our ability to cross borders as if they didn’t exist with micro-fees in an instant. Remittances is a huge and growing industry, with growing demand that plays well for public relations, as lives are saved, improved and developed.

Remittances for Dash are a business development opportunity. Remittances feed into merchants, creating a win-win-win where remittance beneficiaries can spend their Dash without liquidating it for fiat, where merchants preferentially get new sales from Dash users and where Dash gets more use, more layers of use and more reasons for users to hold Dash.

Where We Are

Open any maps application, and you will see that in order for the app to give you directions to your desired destination, it needs to know where you are now. The same is true for Dash. We need to frankly and without undue emotion recognize our current status.

What is the best route forward for Dash?

(a) Integrations or smaller merchants?

(b) Technology development or business development?

(c) Heads down and quiet or heads up and noisy?

We spend a lot of time debating these questions. But we need to recognize that these are questions of tactics. They reflect short-term “fix it now, fix it fast!” stopgap thinking.

Before we can make decisions on which tactics to choose, we need a clear and compelling strategy. We need our narrative, our why, our cause. We need a reason for existing that actually bears a relationship with serving people, with adding real value to the lives of real people in the real world.

Tactics flow from strategy. The reverse is simply chaos.

First, let’s face facts:

  1. Dash’s reputation in the crypto space is compromised. There is a lot we can and must do to improve it. Frankly, the reputation of the entire space is a mess.
  2. The crypto space is radically reduced since 2017 and ultimately incestuous; dominated by personal interests dictated by past choices. It is incentivized to ignore and belittle Dash because we are a threat to their dominance.
  3. Despite the impressive innovations of BLS, LLMQ, ChainLocks, automatic InstantSend, masternodes and our pioneering DAO governance structure, not everyone yet sees our tech as being substantively unique when compared to the other 99 coins in the top 100 on
  4. We have yet to identify and focus our efforts on a killer use case.
  5. The Dash brand is generic. We have no why, we have no cause, we have no story. We barely have any marketing.

Conclusions I draw from these facts:

  1. We will achieve the growth we need only with an 80% focus outside of the crypto space. The crypto space is irrelevant — if we want it to be.
  2. We must destroy the centralization and instamine stories, which is only possible through overwhelming action which contradicts the false narratives, never through more of the same words.
  3. If we want to win the competition for investors, we must play a different game from the other cryptos. We need to tell them a meaningful story and then prove it. More integrations and claims of being #1 are not going to separate us from the herd.
  4. We need a strategy, one that includes a brand statement with a why, a cause, a purpose connected with people. Our story should arise organically from our target market and our killer use case.

Where We Want to Be

Dash digital cash can be the cash of choice for billions of people across the globe. Dash can help them save money and time with remittance flows. It can enable them to bypass onerous middleman controls, everything from Western Union to banks to crushing and corrupt nation-state regulations. Dash can be the currency of the global economy, facilitating cross-border trade, imports, exports, manufacturing, retail purchases and much more.

Dash can and should be the #1 cryptocurrency in every sense, volume, market cap, active addresses, transaction count, etc. Dash can and should be the topic of social media posts around the world as users show off the wealth they were able to create with our coins and the wealth they were able to liberate with our dapps.

This obviously implies a high and growing valuation for Dash.

The Strategy

To create a strategy, we need (1) a goal we want to achieve, (2) a killer use case, (3) a hungry market with a strong fit and (4) a story that ties it all together, inspiring people to use, evangelize and work for Dash.

Element 1 is the vision of where we want to be, or something similar. Elements 2 and 3 are remittances and the informal economy / developing world, respectively. Element 4 is the cause of prosperity in the developing world, a fair chance at free economic development. Element 4 is liberty.

I am not talking about charity. Charity can play a role in our marketing and even in use. (See, for example, DashAid.) But the Dash story is about a hand that offers peer to peer value for value; not one that offers charity from on high.

We will use existing fiat on-/off-ramps (Coinbase, General Bytes, CoinCola, etc.) together with shrewd, targeted marketing to get selected populations to start using Dash for remittances, taking advantage of the inherent benefits of Dash — benefits fiat can’t beat — to build a win for Dash and a win for our target market.

We will spread the use of Dash throughout informal world economies, unifying fragmented ledgers using dapps, liberating assets for economic growth, all thanks to Dash.


Setting up liquidity providers is an important first step, as people need to easily enter and exit Dash in order to feel secure. In the first world, we have many acceptable options to buy Dash, partners such as Uphold, Coinbase, General Bytes, Kraken, ATMs, Changelly, etc.

In the developing world, we have fewer, among them CryptoBuyer, 3XBit, Cubobit and SouthXchange. But the solution is not necessarily to replicate the first-world strategy of large, government-sanctioned exchanges. In the developing world, we can use P2P exchanges, like AirTM, Paxful, CoinCola and LocalCoinSwap. Dash Latam is currently developing tutorials around these P2P exchanges that operate in Latin America. With a large ecosystem full of small liquidity providers (buyers and sellers of Dash), we can gain a resiliency that central-point-of-failure exchanges can not enjoy.

The three main regions of the developing world are Asia, Africa and Latin America. Latam gives us the strongest market fit because:

  • 53% of the employed population is in the informal economy;
  • 1/3rd of regional GDP is in the informal economy;
  • it has high quality electrical and internet infrastructure as well as favorable smartphone penetration;
  • With 26 nations unified by 2 similar languages, Latam is politically fragmented, thus giving us ample maneuverability should one or a handful of nations take active measures against us; and
  • the population of 620 million people is a noteworthy marketplace large enough for us to grow for years.

While Asia has wonderful infrastructure, nation-states are too strong there. While Africa also has a large informal economy, electrical and internet infrastructure is not reliable enough to sustain Dash growth.

Dash already has a lot of relationships in Latin America, with merchant and consumer adoption results in Venezuela, Colombia, Ecuador and Guatemala, leaders in growth of remittance inflows in recent years.

“For anything to be money it must act as a unit of account, a medium of exchange, and a store of value. So far, cryptocurrencies fail on the latter two conditions: They neither act as a widespread medium of exchange nor do they act as a store of value” (Forbes)

By combining remittances with merchants, we make the use of Dash as a medium of exchange attractive with a built-in method of getting it into people’s hands and making it immediately useful.


We need marketing to get people to stop thinking of us as DarkCoin. See for example the recent Okex Korea delisting, as well as a delisting in Japan and a potential delisting in France. Not to mention all of the crypto news site article mills that describe Dash as being first and foremost a privacy coin.

More important than that is we need to position ourselves as a benevolent force to our target market of families and small entrepreneurs in Latin America. Dash cares about people’s wellbeing. Dash is your partner for prosperity. With Dash, you get your money instantly, and you have lots of places to spend it. Start your own business doing Dash consulting for merchants, or buying and selling Dash.

When hostile crypto media wants to tear down our work, we need a rapid response team armed with real media that proves our utility and adoption, ready to not just shut down the attackers but also to find new investors and allies on the battlefield.

We need to refresh the identity of Dash. And we need to do it big.

Dash is digital cash, the realization of the original promise. Could Pepsi say it is Coke? We must and can build our own identity. Our identity can be 10 times greater than Bitcoin’s. At Dash Latam, 90% of our users are people who have never heard of Bitcoin. Instead of trying to conquer the tiny little pie that is the world of cryptocurrency today, we need to open a new bakery outside of it.

We need to change the rules of the game, and play a new game, deploying blue ocean thinking.

Once we have a working remittance system, we can create marketing campaigns that put the rest of the crypto space to shame, contrasting our results with their hype. Dash Latam already has a lot of media that can be put to use in this way.

Our cause, our why, is to help the developing world move their money with lower fees to spark a global revolution for prosperity.

BLS, LLMQ, ChainLocks, automatic InstantSend, masternodes and our pioneering DAO — we need to actively educate people about all of this, both at the non-techie level and high-techie level.

Software Development

Business needs software and here are three ways software can contribute to the Dash remittances to the developing world for prosperity strategy.

Stablecoin Wallet

The current Dash wallets from Dash Core Group are excellent. They would be even better with the following features.

  • The ability to freeze balances using any convenient stablecoin so users can protect themselves from volatility without cashing out to fiat. When users cash out now, their incentive to keep the Dash app installed on their phones is reduced. Out of sight, out of mind. We need to keep Dash on their phones.
  • Usability options such as buying cell phone minutes, Amazon gift cards and nearby merchants. So users always have an immediate answer to what they can use Dash for.
  • Gamified adoption. Turn adoption into a game and incentivize our users to be our gig-economy-like workforce. Now they can earn small amounts of Dash for adding value to the network, another reason to open their Dash app every day.

Fractional Masternodes On-Chain

On-chain fractional masternodes gives everyone a reason to buy Dash. They turns masternodes into a mass-market product, destroy the instamine/centralization narratives and increase network resiliency.

On-chain fractional masternodes are a no-brainer and support our story of the coin of prosperity for every person, not just for the elite.

On-chain fractional masternodes, by the way, are the ability for individuals to trustlessly combine their Dash balances into the 1,000 dash collateral required for a masternode, and proportionally share in the rewards.


We need a LastPass-similar custody service that enables people to recover their private keys in a catastrophic situation. Maybe a partner like Vaultoro or BitGo can help with this.

How to Measure Results

How will we know if this Dash remittances to the developing world for prosperity strategy strategy is succeeding?

Here are some hard markers:

  • active wallets as reported by the Google Play Store;
  • other metrics reported by the wallet such as hedging actions, use of the in-wallet usability options, etc.;
  • network transaction count;
  • network active addresses count;
  • volume at partner exchanges;
  • volume on partner P2P exchanges;
  • photos and videos of people using Dash;
  • merchant sales volume via in-store point of sale software, such as via the Dash Latam tracker; and
  • the price of Dash, which can reflect the increased demand.

The Alternatives

We need a strategy, and not just tactics or use cases. Strategies bring focus to action, enable the effective selection of tactics and motivate team members to overcome friction and produce extraordinary results.

So what are our other strategy options? A future dapp that is going to become super popular on its own? Double the number of integrations? A new wallet design with usernames? Gimmicks and big claims?

A realistic strategy requires a killer use case for a hungry market and a story.

Banking on a dapp to be invented by a third party is passive. It passes the responsibility for your investment on to a third party.

Integrations are very helpful but represent potential use, not real use. This is a strategy based on hope, hope that someone else will build your market for you, or that the market will magically see your value on their own.

The Evolution wallet is very interesting but at the end of the day blockchain usernames is not going to be a game-changer. Sure, it should be easy enough for Grandma to use it, but what will she use it for? We need a strong answer to that question.

At the end of the day, world-class innovative software is a prerequisite for producing world-class results. But software only gives us features. Business development gives us benefits. People buy benefits. We need benefits and we need to tell a compelling story about them.

But the Informal Economy Sounds Shady

The informal economy includes billions of hard-working people and their families who have been excluded from the formal economy of banks, business licenses and tax returns that dominates in the first world.

The informal does include some unsavory elements but overall 61% of the global workforce, 2 billion people, earn their living from it. The informal economy is humanity in the developing world. The informal economy exists due to improper concentrations of power in corrupt nation-states in the developing world.

UN and other governmental bodies as well as international NGOs are keen to formalize the informal economy. We can pitch them as allies in our strategic vision, playing up the benefits of our transparent and fully accountable blockchain. Dash can be allies to both sides, presenting a third way that can concretely work both for the informal economy and for those who wish to see it formalize.

This vision is ultimately about empowering individuals across the globe to realize their full potential as free human beings.

But We Need Investors

But, George, we need investors because they support the price which enables the treasury to buy more. So, step aside and let us get investors. The game now is attracting speculators, money managers and hodlers to our cause.

What cause? The cause to raise the price of Dash? This is not a cause. It excites no one but large Dash holders, and not even always then.

If we aren’t able to present new, meaningful and substantive results that no one else has, then what precisely do we have to offer to speculators, money managers and hodlers? Because, remember, not everyone understands that our tech is substantively different from that of the other 99 coins in the Top 100 on CMC. It’s still just a digital ledger, admittedly with some essential innovations tacked on that few understand and ever fewer want to understand.

Investors understand business. Business is what I am proposing. Business with a cause that produces lots of media and moves measurable metrics.

This is what a standout investment is made of. This is how we change the story people are telling about Dash. This is how we get Dash into the top 10 on CMC again.


At the end of the day, Dash needs to be noticed. Our best chance to do so is not to convince the existing crypto world with more media coverage, but to bring in new people who appreciate Dash and actually use it, so much so that we make the existing crypto ecosystem so jealous that they are either forced to recognize our value or simply become irrelevant because we have grown so big.

We must outbuild them in the real world. Not with gimmicks or big boastful claims or (solely) new integrations but with real results no one else is even close to, results that show use, results that produce smiling faces of real people. With results that disrupt the global remittances market.

We’ll do it with a strategy to sell Dash remittances to the developing world in order to generate greater prosperity and liberty for the billions of people limited by the very rent-seeking middlemen crypto was invented to make obsolete.

We won’t do it in one fell swoop with one integration or dapp but by giving people many reasons to use Dash regularly and making it cool and advantageous to do so.

Dash Latam is mid-stream in building the first steps towards this vision.

An investment in developing Dash for remittances is an investment in the economic development of billions of people that can pay dividends for decades.

If you like my vision, if you think it can help the value of your Dash investment appreciate, send me your voting keys so your investment can be consistently used to support it.

Don’t have any? Buy a masternode for 1,000 dash. Want to start small? Get set up at from 1 dash and vote every month.

Let’s talk about your ideas for the future of Dash in the Dash Ignite discord’s #brainstorm channel. This vision is just a beginning. Together, we can evolve it into an action plan.

We need to talk more often and on a more serious level about the future of Dash. Got a blog post of at least 500 words you want to share with the community? Let’s publish it here at Email [email protected].

Want to chat? Email me at [email protected], phone or WhatsApp me at +573218423668 or find me on discord as George Donnelly#6938.

Thanks to Ash Francis for his helpful feedback on an earlier draft.


The Truth about CoinDesk’s 2 Dash Merchants

In an August 14th article, CoinDesk alleged that Dash isn’t really that popular in Venezuela, and built its (rather flimsy) case on 2 merchants who reported less than positive experiences with Dash.

Since Dash Latam is the leader in merchant adoption in Venezuela for Dash at this time, we decided to look into this.


For example, Fabiana Arreaza, owner of the startup Chiringuitos, told CoinDesk that customers rarely use the crypto payments option. “We’ve been accepting dash for two years. We currently haven’t received any clients using dash to pay for their events. They’d rather use bolivares or dollars,” she said. (source: Coindesk)

Chiringuitos is a mobile business which sells smoothies, cocktails and snacks at private and corporate events. Chiringuitos was present at many of Dash Venezuela’s events from January of 2018 onwards and presumably benefitted from them. Chiringuitos announced its temporary closing on Sep 3 2018, more than a year ago.

For Chiringuitos to say they have never received any payments with Dash would appear to contradict the known facts. Further, given that they stopped operations 1 year ago, one wonders how they could be receiving payments of any kind, much less Dash payments.

Is it really an accurate representation of Dash in Venezuela today to use as one of your two examples a merchant that has been inactive for a year and whose words today contradict evidence that is publicly available?

Peruse Chiringuitos’ Instagram for primary sources.

Evidence of Chiringuitos participating in a Dash Venezuela Ciudad Dash event.

Los Costilla

Los Costilla, a popular, dash-friendly restaurant, is one example. A representative told CoinDesk they haven’t accepted any type of cryptocurrency for over a year. “The photo was taken over a year ago, when we did accept the payments with the cryptocurrency. Since then we haven’t accepted dash. We don’t accept any kind of bitcoin,” said the restaurant. (source: Coindesk)

First off, I am unable to find any search results for Los Costilla. Further, I have a copy of from March or April of 2019 when the number of Venezuela merchants was represented as around 2,200, and there is no listing for “Los Costilla”. Therefore, I see no evidence that we were claiming that Los Costilla accepted Dash anywhere near the time of publication of the CoinDesk article, which was Aug 14 2019.

A member of the Dash Latam visited Los Costilla after publication of the CoinDesk article and found no indication of Dash acceptance besides an old sticker. When asked if they could pay with Dash, the staff was not receptive. In the Los Costilla Instagram, there are 600 publications, but none of them mention Dash.

There is no evidence that we in Dash have ever represented it as accepting Dash. If they did once accept Dash, there is no evidence they made any attempt to announce this fact to the public. For CoinDesk to represent Los Costilla as “dash-friendly” strains credulity. Where did CoinDesk even find this restaurant? Is it fair in any sense of the word to judge us based on a merchant even we do not claim as accepting Dash? How can anyone expect for a business to get Dash-paying customers if they never tell anyone about it?


CoinDesk picked what may be the two most ridiculous examples of Dash-accepting merchants. The first, Chiringuitos, is documented as accepting Dash but having gone out of business more than a year ago. Los Costilla we have not represented as a Dash-accepting merchant for some time, if ever.

If CoinDesk would like to do a real investigation or just spend some Dash for fun, there are at least 282 recently-verified Dash-accepting merchants in Venezuela and we would be glad to provide the detailed list at any time. Write me at [email protected].

Particular thanks to Richard Jerez, Dash Latam’s Caracas coordinator, for his assistance with the research and writing of this report. This report made possible by the Dash Latam proposal.


Important Changes in Rates Sources in Dash Android Wallet 6.6.2

The Dash Retail team (Ash Francis, Alex Cox and myself, George Donnelly) is pleased to announce that working in alliance with Dash Core Group and building on the previous excellent work of Kodaxx at, Dash Wallet Android version 6.6.2 is currently available for download at the Google Play Store with a more robust rates source that includes 190 currency pairs, more rates sources and is hosted at Amazon Web Services (AWS) for maximum reliability and interconnectedness.

With Dash DAO funding, and building on Kodaxx’s innovative rates server, the Dash Retail team invested many months into creating this new piece of Dash infrastructure, which will enable the Dash ecosystem to support more real growth in the real world in a user-friendly way. Both sender and receiver can see very similar (if not equal) fiat equivalency amounts in their respective wallets, when drawing from Dash Retail’s new Rates2 server.

Point of sale (POS) software providers using the Dash Retail rates server can also synchronize with their consumer and merchant userbase, thus providing an even more seamless experience for consumers and merchants when paying for goods and services at our thousands of Dash merchants worldwide with Dash.

It is essential that all Dash Wallet Android users upgrade to version 6.6.2 at your earliest convenience in order to minimize inconvenience. Partners who wish to take advantage of the new pricing source are invited to email Ash Francis at [email protected]. We would love to explore assisting partners in integrating into the Dash ecosystem so they can accelerate the growth of their Dash-related products and services, fully benefitting from DAO-funded adoption initiatives.

For further information or support requests, contact George Donnelly [email protected] +573218423668.

Dash Growth in Latam Measured by Active Android Wallets

One way to measure the growth of Dash is by how many smartphones have active installs of our “official” wallets. In Latin America, we are seeing that 95% or more of users are installing Dash wallets on Android devices. So, it is reasonable to use active installs of the Dash Core Group’s Hash Engineering Dash wallet for Android as an interesting indicator of what is happening in a given part of the world with Dash.

This won’t track Core desktop wallet users or people using multi-coin wallets like Coinomi or Jaxx, but, in any case, Dash-funded organizations (DFOs) are going to be recommending our reference wallets to new users they onboard. At least that is what we, Dash Latam, do across Latin America.

This graph demonstrates the number of active Dash Android wallet installs as of the last day of each month from November 2018 through June 2019. As you can see, Venezuela (the red line) was trending downwards until Dash Latam took it onboard in March when the DAO funded us. I frankly find it hard to believe that our efforts are responsible for what is an 85% growth in active Android wallet installs in just 3 months. There must be something else going on.

But it’s not Dash Merchant Venezuela (DMV) or Dash Venezuela (DV), neither of which effectively exists anymore. It is not Dash Text, which installs its own wallet. It is almost certainly not Dash Help, which was inactive part of this time and which is an office-based support service, not a proactive marketing organization.

That said, Dash Latam is the only organization doing consumer adoption events among adults in Venezuela in 2019 as far as I am aware.

Venezuela is now the first and only national area in which we have more than 10,000 active Dash wallet installs.

We can also see steady growth for Colombia (the blue line) where Dash Latam is transitioning away from a majority merchant adoption focus to a majority consumer adoption focus. Watch our progress via our transaction tracker at

Mexico (the green line) is the control — perhaps what we can take as “organic” growth — and is ultimately a bit of a flat line. Peru (the orange line) now has more active wallets than Mexico, despite having one-fourth the population and one-fifth the GDP of Mexico, thanks to Dash Latam’s low-cost merchant-centric strategy for Dash mass adoption and our very small but hard-working Lima team.

Above is the data from which the above graph was created.

Here is some further analysis. On the left, you can see the cumulative change in active wallet installs per country between Nov 30 2018 and Jun 30 2019. On the right, you can see the change in active wallet installs in each market from the start of Dash Latam’s operations there until Jun 30 2019.

Here is a further analysis comparing the key results from above to the results of other national areas of note.

In this one we can see that the US is flat. In Germany, Russia and Thailand, we are losing ground. Nigeria is seeing interesting, if slow, growth. The next graph removes the top 3, Venezuela, the US and Colombia, in order to give a better look at the rest.

Russia and Germany here are clearly seen as roughly straight lines. Nigeria shows a clear upward trend. Mexico is flat, Thailand slightly declining. And we can see that Peru, which is a Dash Latam project not receiving earmarked funding from the DAO has passed Thailand and could soon eclipse Nigeria as well.

The top 20 national areas by active Dash Android wallet count as of Jun 30 2019 are:

In conclusion, I hope this information (kindly provided by Dash Core Group) and analysis (responsibility for which lies with me) is useful to decision-makers and partners in the Dash ecosystem.


What Dash Latam Has Achieved in Venezuela

Venezuela has recently been a very up and down kind of thing in the DAO. Do we still want to be in Venezuela? A lot of people have turned their backs on the more than USD$1 million we, Dash, invested there in 2017-2018.

But Venezuela remains the greatest testing ground in the world for cryptocurrency adoption in a hyperinflationary environment. Venezuela was once the wealthiest nation in Latin America, one of the top in the world. And it will be again. With more than 4 million Venezuelans working outside of Venezuela, Venezuela is a testing ground for remittances. We can lead the way in philanthropy in Venezuela, when not even the UN dares enter. Venezuela’s crisis is Dash’s opportunity not just to shine, but to position ourselves for decades to come.

We just need the right people working the country. People focused on results. Tough people, willing to go out in the streets and work with anyone. Business people. People with vision and drive. People who get the digital cash vision. Honest people.

That is my team, Dash Latam, and our many capable representatives in Venezuela, among them:

  • Freddy Rauseo, Caracas
  • Richard Jerez, Caracas Los Teques
  • Luigi Quintero, San Cristóbal
  • Edgar Caballero, Valencia
  • Jose Rojas, Barquisimeto
  • Jose Araujo, Caracas
  • Darwin Ramirez, Maracaibo
  • and others in training or just starting to work with us on a probationary basis.

Plus we have Gabriel and Constantin in Madrid, as well as several more people in Medellín who work full- or part-time on our Venezuela projects.

Dash Aid: A Free Market in Philanthropy for Venezuela

People in Venezuela are in trouble. People outside Venezuela want to help. Charitable organizations can’t operate in Venezuela. People need decentralized electricity generation, water purification, food production, schools and much more. The 4 million Venezuelan expats outside of the country can only remit so much wealth home so fast, and most of that is pointed at bare survival. And it is falling short.

The tide will turn soon in Venezuela, and a new liberty-friendly regime will take its place. Dash is ready to help rebuild Venezuela in a way no one else can, or will.

Enter Dash Aid.

  • Anyone can request help via
  • Anyone can give help via
  • The only way to give help on is by sending Dash to people.
  • A request for help consists of a video, a twitter handle and a Dash address.
  • All Dash gifts via are direct and are in no way intermediated whatsoever.

Dash Aid is a free market in philanthropy. I’m not picking recipients. I’m not receiving Dash and then sending it out. Neither senders nor receivers need ask for permission to participate.

People who want to give via Dash Aid have to buy Dash. It is simply the best way to do it, not to mention the easiest! People who receive aid will need to spend their Dash. Or they can sell it to people in Venezuela who want Dash, thus creating more Dash liquidity in the country.

The website was coded by Rion Gull with design help from Ash Francis. Dash Aid exists thanks to the ideas and help of JohnSnow (discord), Solarguy and Edward Stoever of I identified the vision for Dash Aid and funded its creation. JohnSnow was essential in the conception of Dash Aid. I believe Rion Gull came up with the name.

Dash Aid is very close to being in an MVP stage, and this constitutes just a pre-announcement. Right now it only has sample content. We still need to produce the media that teaches donors how to buy Dash and recipients how to spend it. The Dash Latam Venezuela team is very excited to market this and fill it up with requests. We will need your help to bring in the donors and get it on CNN.

No Easier Way to Accept Dash Anywhere

The easiest way to accept Dash right now: the Dash Latam POS (hit the CC button for English subtitles)

The Paga Con Dash point of sale software (POS) is the absolute easiest way for anyone anywhere to accept Dash, and has the lowest barrier to entry. There is nothing to install, no account to create. It is non-custodial. You don’t have to trust us. It is just a webpage.

The Paga Con Dash POS (try it out at is in use across Latin America by Dash merchants to accept Dash payments rapidly, securely and with confidence, both in stores and on the street, for all kinds of products. It is a reality. Here is a video about that, filmed in Caracas Venezuela.

By the way, the Paga Con Dash POS is hosted for global reliability at Amazon Web Services. It is backed by the new Dash Retail global exchange rate server. This POS was originally coded by Kodaxx as SparkPOS, which was funded by the DAO. It is Dash-exclusive. Ash Francis’s Dash Retail proposal took it to the next level.

You can even pay when there is no electricity by using the CoinTigo SMS wallet (based in Venezuela), as you can see below. This integration work was completed by Ash Francis and Alex Cox of as part of the Dash Retail proposal.

New Dash Merchants in Venezuela

Here is a selection of photos taken by our trained and qualified Dash representatives in Venezuela of new merchants they have affiliated. In some cases, a few may be merchants we recovered who had previously accepted Dash and we managed to bring them back.

Here are some stats on our work in Venezuela so far on the new merchants front. We’ve visited almost 1,200 merchants and affiliated 103, 59 of which are basic necessities merchants, which practically did not exist for Dash spenders in Venezuela before we started.

Verified Dash Merchants in Venezuela

Our standard verification procedure is to visit the merchant for a second time after their affiliation and provide a printed QR code (hablador). This requires that we get the habladors (blue triangle things) into Venezuela, which is never easy and frequently requires putting people at risk, and then finding adhesive paper and printing them out properly. To verify merchants, we visit them. We ensure we have their contact info, we ensure they have backed up their passphrase, and we install the Paga Con Dash POS, among other things. Here are some photos from this activity.

Here are some stats on our work in Venezuela so far on the verifying DiscoverDash-listed Venezuela merchants front. We’ve visited almost 200 DiscoverDash-listed merchants and verified 70. We were unable to find 90. Only 4 no longer wish to accept Dash and we had to do some work here to keep this number that low. We’ve also filled 105 in-person support requests at Dash merchants, support that no one else can or will offer to our Dash merchants in Venezuela.

Here is a bonus video of Freddy doing some early verifications before we were even funded for this.

Combo Remittances

Finding remittance beneficiaries in Venezuela places they can reliably spend Dash has been quite challenging. Also, even people who have money in hand can not always find where to spend it on what they need in Venezuela today.

So we invented combo remittances.

With combo remittances, people in Medellín, Madrid and other parts of the world can buy Dash and immediately use it to buy the products their family members need, and cause those products to be delivered directly to their family members.

We have been building alliances with new basic necessities merchants in Venezuela for months, directly connecting our on-the-ground merchant adoption work with our combo remittance sales network. Here are our current 38 combo remittance options. All of these are for sale right now, payable in Dash, and available to be delivered within certain regions of Venezuela.

Bonus video of Freddy Rauseo of Dash Latam accompanying the delivery of a combo to a beneficiary.

I Bought this with Dash in Venezuela

Dash Latam is the project that created the first and only videos of people buying basic necessities items with Dash in Venezuela. Here are those videos, which we worked very hard to create before we even had a Venezuela proposal and with our own funds. Here is a playlist with 18 videos proving to dubious remittance senders that you can actually buy basic necessities with Dash in Venezuela.

Cross Border Food Shopping with Dash

Cúcuta, Colombia is right across the border from San Cristóbal, Venezuela. Dash Latam has teams in both cities. As many as 50,000 people, yes, that number is right, cross the bridge from Venezuela into Cúcuta every day to migrate and to shop. We are teaching these shoppers how to get Dash in Venezuela, bring it across the border (without getting robbed by the border guards) and spend it for food and other basic necessities at our more than 80 Dash merchants in Cúcuta. Here are some videos about that:

Straight Talk

Let’s be frank. No one has ever done this much evidenced work in Venezuela for Dash before for. Only in Colombia have we done more. No other cryptocurrency adoption project anywhere for any coin that I am aware of has done anything even near all of this. Do correct me if I am wrong.

Dash Latam is the pioneer globally in crypto mass adoption and we are moving towards big things and concrete results in Venezuela, among other places. We need regular funding to do this. Our team members are Venezuelans, and as such are subject to all the same vicissitudes of hyper-inflationary life as any other Venezuelan. Costs rise, critical products become unavailable. Children need to eat. Children get sick.

We can not expect to retain effective people if we do not take effective care of them by paying them on time and providing them the tools they need to do the job at hand.

Please support our work. Here is our proposal. Vote for it. Ask others to vote for it. Follow our work and give us feedback. We are Dash’s humble servants but we can not serve Dash without resources.