Airfox was founded in 2016 by ex-Googlers Victor Santos and Sara Choi. Airfox quickly established itself as the leader in affordable data plans for US-based prepaid wireless carriers. Incubated at Harvard’s Innovation Lab, Airfox is a TechStars Boston alum and venture backed by several leading organizations. In 2017, Airfox successfully completed an ICO supported by 2,500 people who believe in the mission.

Who we are:

The Airfox and AirToken brand represent a group of tech professionals and enthusiasts whose aim is to provide critical financial services to severely underserved people across the globe. Brazil is just a starting point for the company. The team has an extensive background in telecommunication, technology, finance, and start-ups. Our mission is to be able to utilize blockchain technology, our infrastructure and experience to impact the people who need it the most: the underserved. Recently, we expanded our engineering team to fifteen members, and in addition, we hired throughout the company to address specific needs such as marketing and community engagement!

What we do:

Using the Airfox Android app, users are given access to financial services they may not be privileged to otherwise, all powered by blockchain technology. Starting in Brazil, anyone with an Android smartphone will be able to download our app and will be given access to a broad spectrum of services within the ecosystem. For example, users can use the incredibly popular Boleto Bancario (48,000 locations across Brazil) to deposit money into the app to use on the platform. None of this requires a bank account (though you can use a bank account as well). Users can send and receive money, make deposits, pay boletos, pay bills, recharge mobile data for themselves or others, earn free mobile data, pay public transportation fares, and borrow money, all within the Airfox app! There is an article here that explains how the boleto integration with the Airfox app allows users to purchase an overwhelming variety of different goods and services across the country.

“Users can send and receive money, make deposits, pay boletos, pay bills, recharge mobile data for themselves or others, pay public transportation fares and borrow money, all within the Airfox app.”

Who does this help?

Many people. One of the beautiful things about blockchain is it truly empowers people. No longer are the people being forced into participating in a broken system of financial slavery. With blockchain-powered decentralized financial services, the power is handed back into the user’s hands, and as a result, a democracy is born. Here are just a few examples of the countless ways in which the app may be used.

James is a small business owner who deals in strictly cash. There are many of these in lower-income areas in countries like Brazil. James has some equipment that is starting to fail. His business needs this equipment to survive, but he needs some financial assistance to purchase new equipment and continue to provide for his family. James can download the app and use it to pay his bills on a day-to-day basis. After some time, James will have built up his trust within the ecosystem. He will then be able to take a loan out from another Airfox user, which he will be able to pay back over time, with interest, so that he can purchase his new equipment!

Lisa’s daughter is attending school in another city. Unfortunately, an emergency has arisen and her daughter needs some money. Rather than pay large fees through a bank or wire service, Lisa can simply send her daughter money with a few taps on the Airfox app.

Fabián is a student attending college with a small income and a smartphone. He does not have the time to visit all the various locations to settle payment for everything he requires for daily life. He simply heads down to deposit money into the app via boleto, where he is able to purchase his bus fares, pay his electric bill, top-up his data plan, and buy his textbooks online, all using the Airfox app. Fabián can conveniently satisfy most of his needs all with the same application.

Monika was a working professional, but was recently laid off due to cutbacks. She is actively looking for a job, but is still waiting for her applications to be processed. In order to supplement her income, she can watch monetized ads using the app to earn free mobile data so she can keep her phone bill up-to-date while waiting for a phone call from potential employers.

There are millions of people across the globe who are in situations just like these who could benefit immensely from decentralized technology such as what the Airfox platform is building.

Progress Development:

Stay tuned! The best is yet to come. If you haven’t joined the conversation over at the Official AirToken Telegram Channel, take a moment and say hello to the team and our lively group of supporters. Your interest and participation is a vital key to getting the word out! Thank you for all of your support.