The Dash team is sponsoring 12 free conferences in Venezuela, aiming to increase Venezuelans’ knowledge of digital currencies and Dash, in particular, The Cointelegraph has reported.
With hyperinflation rampaging through the country more people in Venezuela are turning to cryptocurrencies as a better store of value that the nation’s fiat currency – the Venezuelan Bolivar. Recent reports have already shed light on the soaring popularity of Bitcoin and Ethereum in the South American country. Furthermore, due to the low cost of electric power in the country, Bitcoin mining remains profitable for regular citizens.
Interestingly, there have been indications that Dash has also gained some popularity among Venezuelans. A year ago Venezuela-based cryptocurrency brokerage Cryptobuyer listed a DASH/BTC trading pair due to growing demand.
With the upcoming conferences the Dash team hopes to present the cryptocurrency and its features to more people in the country. The events will be held through the end of the year, with the inaugural conference scheduled for September 19.
Also this month Dash Core will hold a conference in London, where it is expected to make some major announcements. The event is scheduled for September 24, just a day before the start of World Blockchain Forum.
In today’s trading, the Dash price stood at $387.71, as of 15:29 BST. The cryptocoin has gained 4.3% over the past 24 hours. Its total market capitalisation currently stands at $2.92 billion, which makes it the seventh-largest cryptocurrency on the market.
For further information on how to buy and trade Dash, see our comprehensive Dash guide.