A message from Airfox CEO Victor Santos to the AirToken community

More on Airfox’s settlement with the SEC

The following is a repost of an email sent form Airfox CEO Victor Santos to the AirToken community. Sign up for emails and keep up to date on all developments.

See how Airfox is breaking down financial barriers in Brazil.

2018 was a year for building the foundation

Over the past year, we grew the team 5x; hiring in key departments like marketing, product, engineering, and operations. In February, our mobile wallet app launched in Brazil. Since then, we’ve had about 15,000 people engage with the app providing them the opportunity to be a part of the digital economy without needing a bank account or credit card. During the summer, we ran an alpha universal experiment test for our microloan platform giving out 1,000 loans. Since launch, app users have earned 565,679.5 AirTokens.

In less than six months, 1,131,359 advertisements have been viewed awarding 565,679.5 AirTokens to users, and 487,096.5 AirTokens have been converted into Brazilian Reals.

Looking towards 2019 and beyond

After integration with Via Varejo in Q1, we anticipate 2019 being a year for user and platform growth. I believe we’re on the path towards mass adoption of blockchain and cryptocurrency by enterprises and financial institutions. We plan to use AirToken as a bridge for fiat currencies and as an abstraction layer to source capital around the world to fund microloan instruments.

Using AirToken, Airfox expects to enable a virtually cost-free, near-instant bridge between currencies that enables populations traditionally shut out of financial markets gain access to capital.

Accelerate financial inclusion in emerging markets using technology built with trust and inclusion. www.airfox.com

Accelerate financial inclusion in emerging markets using technology built with trust and inclusion. www.airfox.com