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DGCoin Launch to Disrupt Status Quo of Global Remittance Marketplace
[July 18, 2018]

DGCoin Launch to Disrupt Status Quo of Global Remittance Marketplace


Game Changer for Global Remittance Services - The DGCoin Ecosystem builds on the existing remittance network of Money Transfer Operators (MTOs) worldwide and uses the technology behind the DGCoin as the basis to send FIAT cash across borders in a much cheaper, faster and reliable way.

HONG KONG, July 19, 2018 /PRNewswire/ -- The remittance industry is facing structural challenges around inefficiencies, high costs and financial exclusivity. The DGCoin Ecosystem solves these problems with a global remittance platform designed to completely redefine the game, benefiting senders and receivers of money worldwide.

DGCoin is a transactional token created by Hong Kong-based DiGi Holdings Limited, in partnership with Gold Access HK Limited – a Hong Kong licensed Money Service Operator ("MSO"); Juilee Fintech Holdings Limited – the owner of Jubilee Exchange, an online token trading platform; and Digi Bank, an offshore bank sited in the Commonwealth of Dominica, to build a decentralized and widely deployed online infrastructure that would be the foundation for providing cross-border financial services to participating persons.



The DGCoin Blockchain will be supported by two applications - Jubilee Exchange and a mobile app offering global money transfer for users, referred to as the "DGCoin Ecosystem", which through the formulation of a mobile wallet solution, addresses the needs and demands of the unbanked and underbanked population.

The remittance world is incredibly important for the 250 million migrants worldwide remitting money back home. It is a giant market worth an estimated $500 billion in 2017, yet it is in desperate need for a change. The current system is highly fragmented with unnecessary intermediaries that incur additional fees, making remittances inefficient and expensive.


The DGCoin Ecosystem builds on the existing remittance network of Money Transfer Operators (MTOs) worldwide and uses the technology behind the DGCoin as the basis to send FIAT cash across borders in a much cheaper, faster and reliable way. It connects remitters to send and receive money using familiar and easy-to-understand processes. Its global cash-in, cash-out remittance system that builds on all the benefits of blockchain enables users to send money home to their families expediently and at a lower cost.

The DGCoin project, due to launch in the second half of 2018, will be the most promising blockchain project to be reckoned with.

SOURCE DG Tech Global Limited


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