Emerging altcoin and payment network DigiByte (DGB) managed to secure a $250,000 investment to fund their upcoming global operations, announced Jared Tate – the coin’s founder and creator.
“The DigiByte Team is pleased to announce the opening of two new companies and offices representing their full suite of products & services: DigiPay LLC of Santa Monica, California and DigiTrade International Limited of Hong Kong.” Tate wrote on DigiByte’s official blog.
“With a private investment made for USD $250,000, the DigiByte Team now has the financial backing to build software and services around the DigiByte core protocol and bring DigiByte further into the digital and real world markets,” he added.
Launched as an affordable alternative to payment-transfer giants like Western Union and PayPal, DGB is aiming to become the leading decentralized payment network. The company has already claimed to offer services which consumers can move money more securely and promptly. Moreover, DGB also ensures to charge minimal to no fees, against the skyrocketing commissions charged by PayPal and Western Union. While as an altcoin, DGB focuses on providing faster transaction services, much likeDarkcoin’s InstantX feature.
Keeping such aims in mind, DGB also signed a strategic partnership with the Hong Kong-based retail software development company – Tofugear Limited. In a best-case scenario, this partnership could help DGB to understand the ever-changing climate of the online payment sector. The partnership is likely to help both companies in building a strong core protocol that could later be integrated into a range of consumer-based solutions.