The cryptocurrency Dash, whose key features are its anonymity and its speed, is opening itself open for commercial adoption by partnering up with the London-based blockchain AML and compliance startup Coinfirm.
Dash was launched in January 2014 and was originally called XCoin and later Darkcoin, before it was rebranded as Dash (which stands for digital cash) in March 2015. It has since managed to position itself as the leading anonymous cryptocurrency as its transactions can be set to private. Its second key feature is that transactions can be settled instantly, making it substantially faster than its pioneering cryptocurrency peer bitcoin. Dash is currently the seventh largest digital currency, with a market cap of approximately $80 million.
By making Dash AML and KYC compliant through the partnership with Coinfirm, its core developers are opening Dash up to be