DigitalX is an innovative Blockchain enhanced payment solutions company focused on the global digital payments industry developing fintech products and services in the mobile bill payments and remittance space.
DigitalX has leveraged Blockchain technology and the secure ledger system to create patent pending technology called AirID. AirID forms the backbone of the transaction system for AirPocket, a remittance application designed to provide consumers the ability to securely and cost-effectively make cross border payments. AirID allows sharing of limited chronological sets of payment records, cryptographically linked on the blockchain, allowing a new form of credit verification.
Beyond it’s use in AirPocket, AirID has applications in invoice factoring, supply chain management, academic and professional credentials management, micro-lending, real-time AML compliance and anti-fraud monitoring, trade finance.
DigitalX was listed on the Australian Securities Exchange (ASX) in June 2014 and is publicly traded as DigitalX Limited (ASX:DCC).
AirPocket is a money transfer application simplifying the lives of remittance users with a low cost, secure, and instant cash transfer option from the U.S. to Latin America. Senders can send money to over 30,000 payout locations in 14 countries: Mexico, El Salvador, Argentina, Bolivia, Colombia, Costa Rica, Dominican Republic, Ecuador, Haiti, Honduras, Nicaragua, Panama, Peru and the Philippines. AirPocket also offers money transfer directly to a bank account and is supported by the top banks in each country.
In addition, AirPocket delivers a safe and easy way to send mobile phone credits to friends and family to top up minutes, SMS messages or data.
Longer term, AirPocket is helping consumers build a financial identity through patent pending technology, called AirID, which uses better than bank-grade security (blockchain) . AirID provides the ability for consumers to grant or deny access to any portion of their credit history, thus allowing consumers to take control of their financial identity. AirID will be the basis for lending and credit products in future versions of AirPocket.