Cryptocurrency Dash, Payment Processor AloGateway Partner For Global B2B Payments

Announcements, News | June 21, 2018 By:

Cryptocurrency Dash has partnered with global payment processor AloGateway to facilitate business-to-business (B2B) payments.

Dash is the thirteenth-largest cryptocurrency, with a market capitalization of over $2 billion. It features instant transactions, private transactions and a self-funded, self-governed organizational structure. The Dash system relies on a global network of masternodes which vote on proposals for improving its ecosystem.

AloGateway, one of the largest payment processors in Asia, serves a number of industries including travel, hospitality, entertainment, retail, healthcare, and gaming. It also 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. By being a fully Payment Card Industry (PCI) compliant Internet Payment Service Provider (iPSP), AloGateway can acquire and settle Visa and MasterCard transactions around the world in almost every major traded currency.

The partnership will allow merchants around the world to send, receive, and hold Dash and other major cryptocurrencies, including bitcoin and ether, in their AloGateway wallets. The new support for cryptocurrencies is made possible through the companies’ partnership with BlockCypher, which provides a way for organizations to easily build reliable blockchain applications.

Sherwin Quiambao, CEO of Alogateway, said Dash was selected as a partner because of its fast and cheap transactions and the use cases that it enables.

“We had a number of reasons for choosing Dash as one of first digital assets we offer on our platform,” said Quiambao. “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 Core CEO Ryan Taylor claims that the partnership will solidify AloGateway’s place as a major payment option in Asian markets.

“This is an exciting next step for Dash as AloGateway is already a recognized and well-respected solution for networks like China Union Pay,” said Taylor. “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.”