Bitfy was founded in 2019, and to date has processed more than R$70 million in transactions, R$45 million in the last five months. In the first quarter of 2021, Bitfy added support for additional currencies beyond Bitcoin, including Ethereum, Ripple (XRP), and has now expanded support for Dash.
Bitfy users will be able to pay with Dash at Cielo point-of-sale devices throughout Brazil. Cielo is the largest payment processing provider in Brazil.
Bitfy’s partnership with Cielo, allows cryptocurrencies to be accepted as a method of payment in more than 1.5 million establishments. Additionally, the Bitfy platform allows its users to redeem store vouchers from more than 70 partners, including iFood, Evino, Rappi, Outback, Netshoes, and McDonald’s.
The Dash Investment Foundation (DIF) was incorporated on March 21st, 2019, as a Cayman Islands foundation company limited by guarantee and is completely controlled by Dash’s decentralized Masternode Network. The Dash Investment Foundation is tasked with strengthening the Dash network through investment operations. The foundation creates a bridge between the network protocol and the legacy financial and legal systems. This opens new possibilities for entrepreneurs and the Dash network to partner and mutually benefit from the funding available through the Dash network via the Dash Investment Foundation.
Bitfy is the most recent release in a flurry of announcements from the Dash Investment Foundation’s rapidly expanding investment portfolio. It shortly follows Valkyrie Investments announcing the launch of the Valkyrie Dash Trust and the launch of DashDirect. This groundbreaking instant-savings retail app allows users to pay with Dash and obtain exclusive discounts on everyday purchases at over 155,000 national chain retailers in the U.S. as well as online retailers such as Best Buy, DoorDash, Instacart, CVS, Lowe’s, Staples, The Home Depot, Autozone, GameStop, Chili’s, Ulta, Chipotle, Subway, American Eagle, and more.