Farmarket kicks off Dash crypto payments project

Farmarket, a pharmacy chain in Venezuela, is now accepting Dash cryptocurrency payments.

An XpayCash PoS system has been deployed within the first pilot stores. This is operated by Panda Exchange and enables instant transactions, thanks to Dash’s InstantSend technology. During the first two months of operation, members of the local Dash team will be on hand to support staff and customers in understanding how the technology works and to answer general questions about Dash and X-PayCash.

Roll-out to the entire chain of 22 stores is expected to be complete by the end of 2019. “Innovation supports our core values of serving clients, growth and system development, so being able to offer Dash through XpayCash will allow us to offer the most updated payments technology on the market,” says Cinthya Sagues, General Manager at Farmarket.

”Having the support from the Dash teams directly in the stores will allow us to bring the Dash experience we have seen in many parts of the country into our stores, and we are confident this will translate to a short learning curve and an improved service level to our customers.”

“Enabling Dash payments at Farmarket is a massive step in growing our ecosystem of retailers. Dash users can now pay for essential products and medicines at a well-known and trusted pharmacy brand,” comments Ryan Taylor, CEO, Dash Core Group.

“We expect our partnership with Panda in Colombia and Farmarket in Venezuela to be a substantial move toward a purchase driven economy, where not only Venezuelans in Caracas will be able to pay directly in stores with Dash, but also their relatives in Colombia and elsewhere will be able to buy medicine from abroad and resolve health issues for their relatives and loved ones.”