Australian Crypto Exchange Jinance Integrates Cryptocurrency Dash

News | April 11, 2019 By:

Australia-based digital currency exchange Jinance has integrated cryptocurrency Dash into its platform.

Jinance, formally known as String Exchange, enables merchants and consumers to exchange major cryptocurrencies and Australian Dollars. In May 2018, Jinance became an Australian Transaction Reports and Analysis Centre (AUSTRAC) regulated crypto exchange, which fulfils the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) obligation.

Dash is an e-commerce and payments-focused cryptocurrency that allows users to make instant payments online or in-store. Dash’s InstantSend feature utilizes transaction locking and masternode consensus to facilitate instantaneous transactions on the Dash blockchain. The company claims that InstantSend allows them to compete with existing centralized payment platforms such as VISA, who offer rapid transaction times. Dash’s InstantSend technology offers this, but in a decentralized and trustless manner.

In addition to adding AUD-Dash direct fiat trading pairs, Jinance will leverage InstantSend for outgoing transactions, which will provide an advantage to traders who can leverage the full InstantSend capabilities for arbitrage opportunities.

“At Jinance, we believe that helping people to simply and easily access and enter the cryptocurrency realm is the most effective and practical way to spread knowledge about blockchain industry and realise its powerful potential, and Jinance is a hub designed to do just that and more,” said Jin Chen, Jinance Founder and CEO. “We are happy to see more innovations such as Dash’s InstantSend that further promote transaction efficiency.”

Ryan Taylor, CEO of Dash Core Group, said that listing on Jinance with InstantSend is a big win for Dash and their Australian users, as they continue to extend that technology into new markets globally.

“Australia has emerged as an influential market for the cryptocurrency space, which is why we’re delighted to be able to offer an easier way for the country’s crypto community to buy and sell Dash using local currency,” Taylor said. “We hope to continue our momentum of partnering with leading exchanges and expanding our InstantSend acceptance to allow users to experience Dash’s speed and convenience.”