The DigiDextoken will enable real time point of sale (POS) transactions directly from users’ private cryptocurrency wallets. We predict the ability to make purchases in-store and online using cryptocurrencies will speed up mass adoption of the technology. The DigiDextoken is part of a global solution to facilitate borderless transactions. To make instant payments at point of sale from a blockchain wallet requires we do a real-time exchange of cryptocurrency into fiat. The DigiDextoken provides access to our state channels which a) ensure there is sufficient cryptocurrency (i.e. Bitcoin, Ether) in the digital wallet and b) users spending fiat at point of sale will complete the purchase from their cryptocurrency assets. DGX automatically opens a state channel between each user and DGX’s own wallet. DGX tokens fund the transaction, much like gas funds Ethereum transactions.
DigiDex Global Payment’s vision is to create a globally accessible alternative to traditional banking, allowing you to store your money safely, access it instantly and transact with it anywhere, in any currency including crypto by using the DGX token, right from your smartphone, using the DigiDex app (quarter 3). Creating a digital wallet as a companion to a traditional card solution, the DGX app enables you to use any of your currencies at point of sale, anywhere in the world.
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