We are happy to share some long-awaited news. The AirToken (AIR) has been listed on Lykke and is now available for trading.
Lykke is building a global marketplace for the free exchange of financial assets. By leveraging the power of emerging technology, the Lykke platform eliminates market inefficiencies, promotes equal access from anywhere in the world, and supports the trade of any object of value. The Lykke Exchange is fast and secure. Users receive easy access to assets with immediate settlement from any mobile device.
Richard Olsen, founder and CEO of Lykke, is a distinguished pioneer in high frequency finance. He has been laying the conceptual foundations for Lykke for most of his professional life. The company was established in Switzerland and received initial seed funding in 2015. Company shares are issued as colored coins redeemable on the Lykke Exchange. Lykke software is open-source and non-proprietary. For more information, please visit www.lykke.com.
The listing of AirToken on another exchange is a vital and much-needed next step. Airfox one of the leading projects harnessing the power of blockchain to bring financial freedom to people in emerging markets who don’t have bank accounts and those who aren’t served well by the traditional banking establishment.
In today’s digital age, mobile penetration in Brazil is nearly 100% with 85% of all smartphones using the Android OS. Airfox leverages the ubiquity of mobile devices to reduce costs, provide easy access to financial services, and create a financial identity with their digital data. On February 1, 2018 Airfox launched their app in Brazil allowing people without bank accounts or credit cards to join the global economy and participate in mCommerce and eCommerce. After installing the app for free from Google Play, users are able to conveniently digitize cash at 40,000+ locations throughout Brazil and use that money to transfer money to a friend (like Venmo), buy mobile top-up, rides on public transportation, digital entertainment, and more. In addition, users can use that money to make online purchases of digital services and offline goods.
Victor Santos, co-founder and CEO of Airfox, said: “In order to break the vicious cycle of poverty, we must provide the resources and capital people need to educate themselves and open up new opportunities they did not have before. With smartphones and blockchain, it is now possible to reach the mass and leverage the latest cutting-edge technology to serve those that need it most.”
On February 28 at Mobile World Congress in Barcelona, Spain, the Airfox team publicly announced the launch of microloans in Brazil. Future product roll outs include debit and credit cards, more options to spend money, and merchant services, along with financial planning and education.