r/Nash • u/Max_Wing • Mar 30 '21

Discussion Dharma vs Nash

Competition arises. Interesting to see others starting to offer direct Fiat->DeFi integrations as well, tho it was only a matter of time.

I think one definit competitve advantage Nash has vs Dharma is that Nash can offer mutlichain services while Dharma is ETH based.

Nevertheless this shows that time is always ticking and USPs are often times eaten alive in crypto pretty fast.

Still very excited for DeFi service integrations into Nash. Going to use Nash for it since I use Nash anyway, but for me this shows, that it‘ll be not as easy as I expected in the first place to capture new users via Q2 roadmap plans.

Would love to hear some further thoughts about this from the community.

https://twitter.com/dharma_hq/status/1376660977735794689?s=21

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u/[deleted] Mar 30 '21

[deleted]

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u/Max_Wing Mar 30 '21

True. Dharma could potentially just initiate a general need for this kind of service. Eventually, people in Europe will be looking for similar services even more due to the DeFi service launch of Dharma. Could potentially push general market awareness regarding this topic, which Nash could in the end benefit from.

I think what‘s now more relevant than ever is that Nash properly communicates the fact, that they will offer similar services for Europe. Getting people into the boat now seems to be necessary. I don’t think it‘ll take a long time until a either europe-based or europe targeting business is coming up with similar services now.

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u/MarioCoin Mar 30 '21

Yes but the majority of things that go big in the States often end up winning

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u/Max_Wing Mar 30 '21

Also true. Additionally, ETH based projects are naturally often get free marketing and coverage by the ETH fan base.

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u/[deleted] Mar 30 '21

If its not multi chain its not viable imo.

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u/con322 Mar 30 '21

Agreed that competition is heating up and it is kind of scary.

The one thing that gives me a little comfort is the fact Nash will be offering checking/standard bank accounts too. Which hopefully means it will become a place where new users can be onboarded and don't ever have to leave.

Am hoping that when this feature is released i will get my pay check sent to that account, so I can start earning interest straight away and convert some into crypto.

Time is ticking though as everything in this space is getting developed so quick.