São Paulo, Brazil — 14 October, 2021

Dash Investment Foundation invests in Bitfy and announces Dash acceptance at 1.5 million establishments in Brazil.

The world's first ownerless and memberless investment fund, the Dash Investment Foundation (DIF) is pleased to announce that they have completed an investment in Bitfy, Latin America's first multi-purpose, non-custodial cryptocurrency wallet.

Bitfy has recently completed its first round of Series A funding, which was led by an investment from the Dash Investment Foundation for an undisclosed amount upon request from Bitfy.

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 cryptocurrency to be accepted as a method of payment in more than 1.5 million establishments 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 helps us in our main objective, which is to advance the use of cryptocurrencies in Brazil and our future international expansion roadmap. In a few years, we want to be operating in several countries offering a safe and simple solution for the use of cryptocurrencies as a means of payment and investment.”

Lucas Schoch, Bitfy CEO

Bitfy CEO, Lucas Schoch says that with the investment, he intends to accelerate the platform's exponential growth through new services and expansion of the digital wallet. Mr. Schoch wants Bitfy to achieve more than 200 thousand customers this year, almost quadruple the current base of around 60 thousand users.

"As elected supervisors on behalf of the Dash network, the Dash Investment Foundation is excited to inform the network that Bitfy has been added to our growing investment portfolio. We look forward to working together with Bitfy to help accelerate cryptocurrency user adoption in Brazil. Dash has a significant and growing user base in Latin America, and our investment in Bitfy will amplify and support those efforts."

Rodrigo Ambrissi, Dash Investment Foundation Supervisor

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.

The Dash Investment Foundation (DIF) Growing Investment Portfolio

Contact Information: For press and media inquiries please contact the Dash press team at [email protected]. We look forward to hearing from you.

MARK MASON

Communications and Business Relations Manager at Dash

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About Bitfy

Bitfy is the first multi-purpose, non-custody bitcoin wallet in Brazil. Founded by CEO Lucas Schoch in 2019, the app is available on Google Play and App Store. With Bitfy, it is possible to make all feasible financial transactions, using bitcoins to pay in more than 1.5 million establishments and several other digital services. In just over a year of operation, the e-wallet already has more than 60 thousand users and has carried out more than R $70 million in transactions.

About Dash

Dash is digital cash designed to offer financial freedom to everyone. Dash allows millions of individuals across the globe to carry out instantly re-spendable and secure transactions, with near-zero fees. Built to support real-life use cases, Dash is the leading decentralized payment solution: it is accepted at merchants globally, accessible via 3,300+ ATMs and 100+ exchanges worldwide. Dash has pioneered groundbreaking features including a two-tier network with incentivized nodes and decentralized project governance (Masternodes), instantly settled payments (InstantSend), instantly immutable blockchain (ChainLocks), and more. The Dash Network’s development is supported by Dash Core Group, the largest organization funded by the Dash Treasury, which supports and nurtures the continued worldwide development and integration of Dash. For more information, visit https://www.dash.org/ or follow the organization on Twitter @DashPay.