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Date:
01st Dec 2020
Author:
CryptoAltum Research Team

A Shopping Outlet in Venezuela, Rattan Plaza Now Accepts Crypto Including DASH and Litecoin


One of the biggest shopping outlets in Venezuela, Rattan Plaza, now accepts payment in Bitcoin, Litecoin, Dash, Ethereum, Binance, DAI, Tether and Cryptobuyer, a new update on Nov 30 reads. The deal is in partnership with CryptoBuyer and through its Pay solution, coin holders will settle their bills for services offered or goods purchased.


Details: 

DASH and LTC are coins designed to be medium of exchange, just like Bitcoin but with better features like privacy, high throughput, and low transaction fees. Their networks are scalable and native currencies, liquid. The deal with Rattan Plaza fulfills their objective and would go a long way in increasing demand especially in Venezuela, a country whose legal tender has been rendered worthless because of hyperinflation. Cryptobuyer is also a partner with Excelsior Gama, a retail outlet that accepts cryptocurrencies including DASH. 


Impact on DASH and LTC Prices: 

Bullish. At the time of writing, both coins are bullish. With more activity in their respective chains due to demand stemming from shoppers using crypto to settle their day-to-day bills, their prices will likely trend higher going forward.


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