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The cryptocurrency DasCoin will begin trading on public exchanges at a special event in London on 27 April.

There are currently more than 1,500 digital currencies that have been produced in the last few years, all of them seeking to pick up the momentum established by Bitcoin. One aspect surrounding the world of cryptocurrency that outsiders find astonishing is how most coins cannot be spent or used meaningfully in everyday life. Experts estimate that in 2016 Bitcoin was approved as a payment method by no more than 150,000 traders – not exactly a scope that testifies to global acceptance. The cryptocurrency DasCoin is pursuing much more ambitious goals – it aims to be the first cryptocurrency that will be used by the mainstream public.

The path to a worldwide recognised currency

DasCoin relies on a hybrid structure based on security, liquidity and capital appreciation. Since the first DasCoin was minted on 31 March 2017, its creators under CEO Michael Mathias have followed a vision. DasCoin aims to be available worldwide as a payment method in more than 60 million businesses via DasPay, a payment made directly by smartphone. The key foundations for these ambitions are already reality. A great advantage is the speed of transactions. While DasCoin needs only six seconds to work, waiting times for other cryptocurrencies such as Bitcoin can last between 10 minutes and an hour. In addition, there are no costs for buyers or sellers. The high-performance blockchain technology allows up to 100,000 transactions per second.

Cashless payments that are even easier

The basis for the immediate connection to more than 60 million merchants is the platform DasPay, which is planned to launch in 2018. An app will enable customers to pay without complications via smartphone. Users will be able to pay in a range of traditional currencies or DasCoin. It will feel to these users as though DasCoin is in their wallet. All of the security measures necessary to establish DasPay have already been set up. These include centralized emission, a permissioned blockchain, the hardware-supported WebWallet and the fulfilment of KYC requirements