Dash, the top digital currency for payments, announced on Wednesday it is teaming up with global payments provider AloGateway to facilitate B2B payments globally. According to Dash, through the new partnership, merchants around the world can now send, receive, and hold Dash and other major cryptocurrencies, including bitcoin and ether, in their AloGateway wallets.
Dash reported that AloGateway is considered one of the largest payment processors in Asia and it offers a payment solution for China Union Pay (CUP), an association for China’s banking card industry operating under the approval of the People’s Bank of China.
“AloGateway is also a fully Payment Card Industry (PCI) compliant Internet Payment Service Provider (iPSP) that can acquire and settle Visa and MasterCard transactions around the world in almost every major traded currency. AloGateway serves a number of industries including travel, hospitality, entertainment, retail, healthcare, and gaming.”
While sharing more details about the partnership, Ryan Taylor, CEO of Dash Core, stated:
“This is an exciting next step for Dash as AloGateway is already a recognized and well-respected solution for networks like China Union Pay. As one of the largest payment processors in Asia, AloGateway is a key partner for Dash as we look to continue the expansion of our global network, particularly in Asia and other crypto-heavy regions.”
Sherwin Quiambao, CEO of Alogateway, also commented:
“We had a number of reasons for choosing Dash as one of first digital assets we offer on our platform. First, Dash has among the lowest fees and fastest transactions of any blockchain network. Dash also has an active community, particularly in parts of Asia and Europe where we are seeing a lot of potential for growth.”
Dash went on to add that the new support for digital assets is made possible through AloGateway and the partnership with BlockCypher, which specializes in blockchain solutions and blockchain agnostic products.