Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
In the dynamic world of cryptocurrency, tokens aren’t just digital assets; they often embody broader philosophies and real-world applications. One such token that has been in the spotlight recently is Dash (CRYPTO: DASH). Known for its payment-focused functionality, Dash has sparked conversations across platforms, including a cheeky exchange with Block Inc. CEO Jack Dorsey.
Recently, Dorsey, a vocal proponent of Bitcoin, shared a quote from Elon Musk: “The most interesting outcome is usually the most likely.” Dash’s official X account cleverly responded, implying a competition between Dash and Bitcoin for payment popularity in the future. This playful banter highlights the ongoing rivalry and evolving landscape of digital currencies.
Don’t Miss: If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it?
In its witty response, Dash proposed a scenario where more Dash users could be paying at Square merchants than Bitcoin in the next five years. This comment draws attention to Block’s recent move to enable Bitcoin payments on its point-of-sale (POS) platform, favoring a future where multiple cryptocurrencies offer legitimate transaction options.
See Also: Fast Company Calls It a ‘Groundbreaking Step for the Creator Economy’ — Investors Can Still Get In at $0.81/Share
Dash has its roots as a Litecoin fork, launched in 2014. From its inception, it aimed to provide a unique payment experience with a focus on both privacy and speed. The project’s whitepaper showcases its intention to improve upon the basic Bitcoin model by enhancing privacy features and facilitating faster transaction times.
This year has seen a remarkable surge in Dash’s popularity, with its value soaring 75%. This increase can be attributed to a growing interest in privacy-focused cryptocurrencies as they appeal to users looking for secure and anonymous transactions.
As for Block, their upcoming payment feature is set to allow Square sellers to accept Bitcoin payments with zero processing fees until 2027. Furthermore, they are introducing a “Conversion” feature that will enable merchants to convert a portion of their sales into Bitcoin automatically. This strategic move aligns with the broader trend of integrating cryptocurrencies into everyday transactions.
Image via Shutterstock
Trending Now:
For investors seeking to build a resilient portfolio in an ever-changing market, diversification is essential. With economic cycles shifting and sectors experiencing ups and downs, a well-rounded strategy can help manage risk while capturing steady returns. Many turn to investment platforms offering diverse options, including access to real estate, fixed-income opportunities, and even self-directed retirement accounts. This approach allows investors to navigate market fluctuations more effectively, promoting long-term wealth accumulation without relying on any single asset.
Platforms like Arrived Homes make real estate investing more accessible than ever for everyday investors. With the ability to buy fractional shares of single-family rentals and vacation homes starting with as little as $100, individuals can collect rental income and build long-term wealth without the burden of property management.
For those exploring fixed-income opportunities, Worthy Property Bonds offer an appealing 7% annual return backed by small U.S. businesses, appealing to conservative investors seeking steady income streams.
Self-directed investors might also consider platforms like IRA Financial, which provides options to use a self-directed IRA or Solo 401(k) to invest in alternative assets. This flexibility empowers individuals to curate portfolios aligned with their unique financial goals while moving beyond traditional investment vehicles.
Additionally, Moomoo offers an attractive cash management feature, allowing users to earn a promotional 8.1% APY on uninvested cash. New users can benefit from both attractive interest rates and stock incentives, making it an appealing option for conservative savers.
For those looking to hedge against inflation, American Hartford Gold offers a simple way to buy and hold physical gold and silver. This option appeals to conservative investors who prioritize preserving wealth through tangible assets that typically maintain value during economic uncertainty.
This article originally appeared on Benzinga.com