DigitalX Ltd (ASX: DCC) announced today AirPocket money transfers are now live on iOS for free download on the App Store. After the successful rollout of money transfers to Mexico and El Salvador last week, AirPocket money transfers are now being offered to Bolivia, the Dominican Republic, and Honduras.
The AirPocket app’s remittance service allows users to send money from the US to Latin American destinations for cash pickup or direct bank deposit. Users can fund their money transfer via credit card, debit card, or bank transfer.
Notably, users can fund their remittances by prepaid debit card, a method which is increasingly used by under-banked individuals in lieu of costly cash agents. AirPocket delivers value to the immigrant community by offering low fees and exchange rate premiums that don’t change.
AirPocket offers steady forex premiums in response to dissatisfaction with the ‘casino’ like experience remittance users face on competitor platforms, which offer forex premiums that fluctuate significantly throughout the day and across the week.
In order to focus on the development of the AirPocket app, last month, DigitalX made a partner agreement to introduce DigitalX Direct exchange customers to Blockchain Group (BGL), in consideration for which it will receive 50% revenue share for users introduced to BGL cryptocurrency exchanges.