DitoBanx is a fintech platform that facilitates on-chain and Lightning Network Bitcoin transactions, as well as USDC payments, enabling businesses to accept digital currencies at the point of sale and for international transactions. The platform eliminates the need for traditional banking by providing a digital wallet and a prepaid Mastercard, allowing users to manage their finances efficiently and securely without a bank account.
Funding
$500K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many individuals and businesses in Latin America lack access to traditional banking services, hindering their ability to participate in the digital economy and manage finances efficiently. Existing solutions often involve high fees, complex processes, and limited access to digital currencies.
Solution
DitoBanx provides a digital financial platform that enables individuals and businesses to manage their finances using digital currencies and traditional payment methods. Users can access a digital wallet for Bitcoin and USDC, send and receive international payments, and obtain a prepaid Mastercard for online and offline transactions. The platform aims to provide accessible and efficient financial services, particularly for those underserved by traditional banking systems, by combining technological innovation with financial solutions.
Target Audience
The primary target audience includes individuals and businesses in Latin America, particularly those who are unbanked or underbanked, seeking accessible and efficient digital financial solutions.
Features
- Digital wallet supporting Bitcoin and USDC for sending and receiving funds.
- Prepaid Mastercard (virtual and physical) for international transactions at over 100 million merchants and ATMs.
- Ability to receive payments via Visa and Mastercard using a QR code or payment link, with funds deposited into the digital wallet within 24 hours.
- Integration with correspondent networks, convenience stores, and supermarkets for cash deposits and withdrawals.
- Support for bank transfers for deposits and withdrawals.
- Two-factor authentication and biometric verification for enhanced security.
- Mobile application available on iOS and Android.
- Business accounts with features for global money transfers, payroll management, and digital asset accounts.