digitalBTC Raises $3.5 million AUD to Launch AirPocket

An Australian bitcoin company called digitalBTC was able to secure $3.5 million AUD in funding to launch its newest product, AirPocket. This will be a remittance-focused product set for beta release in June this year. The funds were garnered from a group of institutional and individual investors, as the company only sought to raise $3 million AUD initially. Increased demand resulted a larger sum of $3.5 million AUD, allowing the company to raise its holdings to more than $6 million AUD. In particular, digitalBTC holds net assets worth $6.87 million, in which over $740,000 are bitcoins and....

DigitalBTC, an Australia-based digital payments company, has agreed to form a joint venture company (JVC) to distribute and market a remittance product, AirPocket. The beta launch will begin in the second quarter of this year. DigitalBTC, which is trading on the Australian Securities Exchange as Digital DC Limited, described AirPocket as a disruptive new technology product targeting the significant and established remittance market. The U. S. to Latin America remittance market is estimated to be $84 billion. The joint venture will target the remittance sector in the Latin American and....

Australian payments company digitalBTC (ASX: DCC) today released its results for the quarter-ended June. The company witnessed a massive jump of 45% in revenue, from $3.8 million in Q1 2015 to $5.5 million this quarter. The company reported stronger numbers due to a sustained growth in digitalX Direct revenues. digitalX Direct is the flagship product of digitalBTC, providing real-time Bitcoin liquidity to institutions and Bitcoin retailers. The increase in profit margin was attributed to higher sale margins and reduced hedging costs. Financial Standing as of June 30, 2015. The Company....

The remittance market is a key area where Bitcoin and digital currency could make a splash. Sending money overseas to family and friends is pretty expensive these days, and the remittance space is dominated by a handful of players. But that isn’t stopping Australia-based DigitalBTC from distributing a remittance product of their own. DigitalBTC – Digital Payment Solutions. When it comes to processing digital payments, DigitalBTC is not the new kid on the block. In fact, did you know that DigitalBTC is a publicly traded company on the Australian Stock Exchange under the name “Digital CC....

Blockchain technology has a lot of potential to disrupt the financial sector, and DigitalX is one of the companies wielding the blockchain for remittance purpose. Now that the company has inked a deal with Telefonica in Latin America, AirPocket will be coming to that region very soon. People active in the world of cryptocurrency and blockchain will have heard of DigitalX before, as the company wields distributed ledger technology for financial purposes. Through its AirPocket mobile app, anyone in the world can become a remittance provider, which established a peer-to-peer network of money....