A spokesperson for Dash has revealed that accountants are showing an interest in the cryptocurrency after recent radio show coverage. In a tweet, Amanda B. Johnson confirmed that accountants in San Diego were becoming interested in Blockchain and Cryptocurrency after she previously introduced the 2 CPA-hosted finance radio shows.
\r\nDash was created in January 2014 by Evan Duffield, and was previously called XCoin and Darkcoin. Currently the 6th biggest digital currency, it offers private and instant transactions and has a platform which allows users to pay businesses and individuals to conduct work that will add value to the network.
\r\nNews of the accountant\'s interest in the digital cash has led experts to explore how Blockchain technology could be used in accountancy with many dubbing Blockchain as accounting technology. Blockchain technology involves the transmission of assets whilst preserving a register of financial information and data. This is similar to the accounting industry. Using such technology within the profession, could provide clarity regarding asset information and also improve effectiveness. Blockchain technology could decrease the costs associated with accounting ledgers and also offer clarity over assets. Furthermore, accountants could utilise Blockchain to gain certainty over available resources and could focus their efforts on valuation and planning, instead of recordkeeping.
\r\nAt the time of writing, Dash was trading at around $682.13.
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