DigitalX updated AirPocket app goes live in the US
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
Shares in DigitalX (ASX:DCC ) opened 10% higher on Wednesday morning as it resumed from a trading halt and announced that the update to its AirPocket app allowing money transfers into certain countries in Latin America had gone live in the US on Android, with availability for Apple users to follow shortly.
DCC is a Blockchain-enhanced software solutions group disrupting the payments industry. AirPocket is the company’s flagship product, which allows consumers to make secure and cost-effective money transfers worldwide. Companies can also use DCC’s AirID technology to leverage the benefits of the Blockchain.
AirPocket is the first Blockchain enhanced mobile payments application in the world, and the launch marks a significant milestone for DCC as it now offers users in select countries the ability to make low-cost cross-border money transfers to friends and family from the US.
While the product and technology is highly scalable, initially El Salvador with 1000 payout locations and the group’s core market of Mexico with over 14,000 payout locations will be able to use AirPocket for money transfers.
However, whatever the take up of this will be remains to be seen. Investors considering this stock for their portfolio, should seek professional financial advice.
Outlining the significance of this development, DCC Chief Executive Leigh Travers said, “This is the first step in our vision to provide low-cost financial services to the underbanked immigrants of the world where there remains a heavy reliance on legacy infrastructure, making our bank-grade Blockchain technology extremely relevant”.
Travers highlighted the fact that the goal of AirPocket is financial inclusion, which through the use of Blockchain technology can be used to create a user’s digital and financial identity, forming the basis for enhanced access to credit and other financial services.
DCC Acting Chair, Toby Hicks stressed that the group will be looking to grow the availability of AirPocket money transfers, not only through Latin America, but in new markets around the world, while at the same time monitoring its use and learning as much from this launch as possible.
On this note the company will have an opportunity to showcase the app to potential new markets in coming weeks after being added as a delegate by Australian government bodies for a number of upcoming international events which showcase the country’s leading financial services and technology companies.
It is often the case that opportunities such as these lead to the negotiation of new agreements, developments that are potential share price catalysts.
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.
