Even though the article you linked to was dated 22nd May 2020 there was some relevance to what is happening in crypto land but sadly not must correlation between DASH and the article. Thank you for the link nonetheless.
Let me help you out there. The relevant points as far as "correlation" goes are these:
31% of the world’s population, or around 1.7 billion people, are unbanked
challenges providing the needed documentation to financial institutions being prohibitively far away
it was prohibitively expensive to have one of these accounts
67 percent of these transactions will take place digitally
The COVID-19 pandemic has made many people nervous about how the use of physical cash could contribute to spreading the virus
According to the World Economic Forum, governments around the world are promoting the use of digital payments to reduce physical contact and thus help minimize the spread of coronavirus
For end-users, one potential drawback of decentralized platforms is the perception that there is a high learning curve involved
Since decentralized payment systems are still relatively a new concept, users do not find these easy to use
Now, a blockchain needs two core properties to address all these priorities at once:
1. a
mining protocol that works like bitcoin's so that the coin is forced to endure a "right of passage" phase where it can survive long enough to eek out its supply and therefore accrue public endorsement as a durable monetary asset
2. a
service protocol that works like Visa's where the public can easily access, buy, spend transfer and store value on a competitive performance basis with modern payment networks
The "correlation" with the article is that Dash is the only digital asset that supports both properties
on chain rather than off chain.
That means it can address these issues directly where Bitcoin, Litecoin, Monero, Ethereum, Bitcoin Cash, Bitcoin SV and Cardano can only do so by "standing on one foot". They are all mono-layered financial protocols and therefore need to do it with off-chain facilities. (Otherwise known as "banks", even if they have a fancy title like "Lightning Network"). Doesn't mean those other networks aren't investible or might make people rich or get large market share. They're just useless at turning their gold nuggets into gold coins on their own blockchains.
Finally, one more aspect that's not even mentioned in this article is that coronavirus "central command" is trying to outlaw paper cash. (Of course because it might be infected with coronavirus !) What we gonna do then ? You need blockchain money that can:
• move fast
• not be defaulted on
• inherits the most trusted monetary codebase on the planet
• does not have to compromise its mining protocol to get performance
"Cash" to most people that value it does not mean paper fiat. It means barter. You need a blockchain that can turn gold nuggets into coins in an instant. In that respect there's only 1 blockchain with any history under its belt that is mined, inherits bitcoin's monetary properties and can function as fast as visa without speeding up its blocktime.
