DigitalX Ltd tests blockchain based app to send money overseas
DigitalX Ltd (ASX:DCC), a blockchain software solutions company is gaining positive feedback from the expanded phase 2 beta-test of its AirPocket money transfer app that was conducted in the U.S. and Dominican Republic.
The Phase 2 trial allowed users to transfer money from nine selected states in the U.S. to the Dominican Republic.
AirPocket utilises the Bitcoin blockchain technology to transfer money.
The majority of the respondents in the beta-test voted that AirPocket was efficient in sending money, and it was easier to receive money using the app than through traditional money transfer channels.
The respondents also found the money transfer fees associated with the AirPocket app to be competitive and would use it over other services if the app was commercially available.