Finance Feeds logo

DigitalX’s Blockchain-enhanced AirPocket app to launch money transfers

Maria Nikolova

The initial target of the solution is US-Latino clientele, who will be able to make secure and low-cost international money transfers.

Digitalx Ltd (ASX:DCC), a company for Blockchain-enhanced software solutions, has unveiled the pending launch of money transfers through its AirPocket mobile application.

In a filing with the ASX, DigitalX says that the update to the application allowing money transfers will go live on Saturday, March 4, 2017, with the updated AirPocket to be available to Android gadget users at that point, with iOS version to follow.

The updated version of the Blockchain-enhanced mobile payments application will offer its US users the ability to make secure and low-cost payments across 14 countries in Latin America – it is the US-Latino clientele that forms the initial target of the app. The business rationale for the choice is obvious, given the size of this market for remittances.

With regards to marketing of AirPocket, DigitalX has also redesigned the landing page AirPocket.com, which will serve as an additional portal for registering of new users and allowing existing ones to view transaction records. Money transfer functionality is poised to be available in the June quarter.

The company is now concentrating its efforts on AirPocket.

Just a couple of days ago, DigitalX published its financial report for the six-month period to December 31, 2016, confirming that the company had discontinued its trading operations towards the end of the period, in connection with the shift of the focus of operations to AirPocket.

Subsequent to the end of the half-year period, DigitalX announced a deal with Blockchain Global Limited over the DigitalX Direct platform. The agreement will see DigitalX receive half of all revenues generated from customers introduced to Blockchain Global and their exchange service ACX.io. In the financial report, DigitalX said the process of customer introductions had begun and some former clients had already commenced using the platform.

The move is important to Blockchain Global Limited, previously known as Bitcoin Group Limited, as it further pushes into bitcoin exchange.

Subscribe

Read this next

Retail FX

eToro revenue halves in 2022, valuation drops to $3.5 billion

Israeli social trading network eToro today reported financial results for the financial year ended December 31, 2022.

Uncategorized

Investors transfers $424 million out of bitcoin funds in six weeks

Despite bitcoin’s decent surge last week, which took the primary cryptocurrency up 70% from the year’s low, digital asset investment products saw outflows for the 6th consecutive week.

Digital Assets

OKX has $9 billion in ‘clean assets’, shows latest proof of reserves

OKX, formerly known as OKEx, has released its fifth proof-of-reserves report amid increasing demand of crypto investors asking for transparency from exchanges they trade with.

Digital Assets

Circle seeks France license to launch Euro stablecoin

Circle, the issuer of the second-largest stablecoin by market capitalization, is seeking to get a dual registration in France as it aims to on-shore its flagship product for the European market – EUROC – a reserve-backed stablecoin.

Digital Assets

CryptoWallet.com Among Minority of Successful Companies to Renew Coveted Estonian License

CryptoWallet.com has successfully renewed its virtual currency service license from Estonia’s FIU for the third year in a row, despite regulatory changes that have made it harder for virtual asset providers to meet the required standards.

Inside View, Institutional FX

Time for brokers to add options trading as volumes explode on high volatility

“Usually, adding options to the typical CFDs and equities offering leads to fragmentation of the platform technology as many brokers will need additional back-end and front-end components, and that could be an important barrier for them. Apart from that, legal hassle and costs associated with proper licensing of market data could be a barrier at first. We are seeing this trend among market data vendors and exchanges to make it easier and more affordable.”

Metaverse Gaming NFT

GCEX’s DeFi education and prime brokerage offering available in DubaiVerse

“We are excited to be part of the developments of The Sandbox and to join other top players in the region, including our regulator, Dubai’s Virtual Asset Regulatory Authority (VARA), as part of the DubaiVerse. This is a great opportunity to bridge the gap between Web3 early adopters and GCEX clients, building a community around Web3 and digital assets.”

Digital Assets

Circle wants Fed to back USDC stablecoin after “very serious stress test” with collapse of SVB

The collapse of Silicon Valley Bank allegedly proves Circle’s point that there is a need for its USDC stablecoin to be backed by the U.S. Federal Reserve with its U.S. dollars held at the Fed.

Digital Assets

Google searches for Crypto.com and Gate.io exploded by 300% amid FTX collapse

“The findings emphasize the importance of staying on top of market trends and being able to pivot strategies quickly and also offer valuable insights into the current state of the market and the behavior of traders, providing investors with valuable information to make informed decisions about their investments.”

<
✖