DigitalX about to go live with AirPocket

|

Published 01-MAR-2017 15:02 P.M.

|

4 minute read

Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.

In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.

The below articles were written under our previous business model. We have kept these articles online here for your reference.

Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.


Click Here to View Latest Articles

DigitalX’s (ASX: DCC) update to AirPocket, which will allow money transfers will go live on Saturday, March 4, 2017 (US time), with the app update available for Android users at that time. The Apple version will be able to be updated shortly thereafter.

AirPocket is the first Blockchain-enhanced mobile payments application available in the world, effectively allowing US AirPocket users the ability to make low cost international money transfers across 14 countries in Latin America.

DCC is a Blockchain-enhanced software solutions group disrupting the payments industry. The company’s flagship product, AirPocket allow consumers to make secure and cost-effective money transfers worldwide. Partners can also use the company’s technology to offer new financial products.

This is an early stage play, however, and investors considering this stock for their portfolio should seek professional financial advice before making an investment decision.

To provide a very basic explanation of the technology, a blockchain is a public ledger of all Bitcoin transactions that have been executed. It is constantly growing as ‘completed’ blocks are added to it with a new set of recordings.

AirPocket interface redesigned to align with app branding

The AirPocket interface has been redesigned ahead of this launch to align the app’s branding, messaging and aesthetics with the values of AirPocket’s initial US-Latino target audience. As part of this launch, the AirPocket.com landing page has also been redesigned for consistency across the marketing and distribution campaigns to support stronger brand recognition as the product grows.

Commenting on DCC’s growth strategy, Chief Executive Leigh Travers said, “AirPocket will be driven by its use as a consumer mobile application, with AirPocket.com to act as an additional portal to enable new users to register as well as enabling existing users to view transaction records, with money transfer functionality expected in the June Quarter”.

In referring to recent data, management noted that the imminent launch positions AirPocket in the world’s biggest remittance market which boasts three times more remittance transactions than the next highest placed country.

USA to Mexico a US$24 billion money transfer corridor

USA-to-Mexico is the world’s largest money transfer corridor, with over US$24 billion in funds sent in 2015 according to pewglobal.org. Initial off-line marketing will target Houston and Dallas where high Mexican immigrant populations can be most economically targeted due to geographic concentration.

DCC has engaged PintaUSA to manage the AirPocket remittance marketing campaign, targeting social media, online marketing channels, radio campaigns and large-scale poster advertisement distribution in convenience stores. Management expects to be in a position to release customer acquisition cost (CAC) expectations during March following initial trials and feedback.

With a view to reducing CAC, as well as syncing with the introduction of the remittance features into AirPocket, DCC is also creating a new digital marketing channel to provide financial and immigration education to its user base.

Management anticipates this channel could also potentially provide a revenue generating opportunity through cross-marketing financial and immigration services to its target market. DCC is working with qualified advisors from New York to assist with the roll-out of this platform, and management will provide an update in March on its progress.

DCC signs MoUs with BlueQ, a facilitator of secure information storage

In a separate but related development, DCC has signed a Memorandum of Understanding (MOU) with BlueQ, a private Australian company that enables individuals and organizations to digitise and safely store their academic, professional and other verified qualifications. This will assist the group in assessing the effectiveness of its AirID product in this field.

Under the MOU, DCC will grant BlueQ access to AirID to investigate how it can potentially be used in the storage and delivery of academic, professional and other verified qualification data. DCC has filed patents on a number of blockchain and blockchain-like database technology functions relating to the AirID product, and the MOU will investigate using AirID to create and store user data on a blockchain who can then grant permissioned access to the data instantly via the app.

While AirID was originally developed as a core security plank of AirPocket, DCC has identified additional uses and potential markets for the technology. On this note, management plans to release the enterprise-grade AirID SDK in the second half of 2017.

tags

BLOCKCHAIN


General Information Only

S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.

Conflicts of Interest Notice

S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.

Publication Notice and Disclaimer

The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.

Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.

This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.

 

Discover Small Cap
Biotech Stocks

Join thousands of other Investors following our stock commentary for Free

X