Dec 2, 2022
Latam-Centric DUC app has far-reaching global usage.
Toronto, Ontario, Canada - December 2, 2022 /MarketersMEDIA/ —
Duales Inc., a Toronto, Canada-based FINTECH and Money Service Business that was set up in 1994, has become the “go-to” place for those sending remittances to their friends and loved ones in Cuba and the LATAM Region. Over the years, both Canadians, as well as Cuban-Americans and others, turned to Duales whenever they sought flexible options to send money to Cuba.
Options offered by Duales included home delivery of money transfers (in either Dollars/USD or Cuban Pesos/CUP), as well as into various bank accounts at very competitive rates (transfers into an account holder’s bank account as well as transfers into an account holder’s Debit cards – in US Dollars/USD). Customers who need funds sent into a Cuban bank card must have such cards issued to beneficiaries by one of the island’s three banks: Banco Metropolitano, Banco de Credito y Comercio, or Banco Popular de Ahorro.
Duales developed the "DUC" App, which stands for "Decentralized Units of Currencies" and is easily accessible in the Apple App Store and Google Play Store to keep ahead of the competition in the remittance industry. By activating the "DUC" App and completing a transaction with only a few clicks, Duales offered its clients the option of processing payments while at home or on the go. The DUC App has already achieved 55,000+ downloads.
When one first activates the DUC app (which can be done using one’s Social Media Accounts such as Facebook, Google, or Apple, as well as through email or phone, a customer is issued a multi-features, multi-language and multi-currency wallet. In order to pay or get paid, one must be KYC verified to comply with financial regulations. The options that the DUC App offers to pay or get paid include: Customer’s debit or credit card, Apple Pay, Google Pay, Transfer from customer’s bank account, and Converting cryptocurrencies into “DUCs” (the app’s proprietary digital private stable coins – used to execute payments)
Along with such options for individuals, small businesses can also pay or get paid simply by entering the phone number, email, or unique wallet address of the counterparty they wish to interact with. Something unexpected on a remittance app – small businesses can manage their payroll on it, complete with issuing payments to their employees through the App in a free P2P way.
The DUC App even lets a user pay or get paid by using the app’s global map. Other social media elements include chat within the app and a carousel for small ads that businesses can use together with email in DUC co-marketing campaigns.
The app also gives its users the option to convert currencies (for example – US dollars to Canadian Dollars, Euros to USD, Cuban Pesos (CUP), and Euros, and vice versa).
Those getting familiar with the DUC App will see that one can also send funds into the activated 16 countries out of the over 100 soon to be turned on – European countries with large immigrant populations like Spain and the UK, major Latin remittance markets like Colombia and Mexico, along with major Asian money transfer destinations like China, India and the Philippines. DUC App customers choosing to send funds to such countries can have payment issued to banks, wallets, or pick-up kiosks located in the destination country (such as Bancolombia in Colombia). The DUC App team plans to expand the destination bank listing to well over 1,000 different worldwide banks already in the app.
Since many users must also maintain their cell phone accounts, there’s also a growing demand for cell recharges (or “top ups”). The DUC App also gives its users the option of executing such top-ups for their friends & relatives in over 200 countries.
In a growing number of regions, those who are unbanked are likely to have e-wallets installed on their cell phones (such as Digicel mobile phone customers in countries like Jamaica and Haiti, along with Airtel in India and various African countries). The DUC App can also transfer funds directly to mobile wallets (for example, Tigo Money in El Salvador, Unipagos in Mexico, and GCash in the Philippines, among others)
Once a DUC account holder receives funds into his/her wallet, that person can then transfer funds to other DUC users – for free (regardless of where the DUC users are geographically located). Tech-savvy users can even initiate transactions with other DUC account holders by simply scanning the latter’s QR code (which represents that person’s account).
As DUC App creator Henry Martinez notes, we are rolling out even more features as we speak such as Prepaid VISA and Mastercard, Gift Cards, Defi Staking, and a Matic DUC to support over 65,000 transactions per second at less than 0.001 penny per transaction.
Given the growing use of cryptocurrencies in many countries, including the USA and Canada, the Web 3.0 DUC Blockchain-driven platform also offers its users the option of trading their cryptos for fiat-which the app then transfers to retail and business recipients.
The “DUC” app’s user base is likely to grow in Latam and elsewhere for a simple reason: its features are like having a sophisticated “micro bank” inside one’s smartphone, as opposed to other remittance apps in the digital marketplace today, whose uses are more limited.
To learn more visit: www.ducapp.com
Contact Info:
Name: Henry Martinez
Email: Send Email
Organization: DUC App Corporation
Website: http://ducapp.com
Release ID: 89085836
If you detect any issues, problems, or errors in this press release content, kindly contact error@releasecontact.com to notify us. We will respond and rectify the situation in the next 8 hours.
The younger O’Neal is a multi-hyphenate who made his runway debut with Dolce & Gabbana before landing a Coach campaign and appearing on Basketball Wives; now he’s making music with his stepdad
The MomToker faced backlash in 2022 for a video of her dancing in hospital with her sick infant son; she’s now expecting her third child with husband Conner, who admitted to using Tinder while married.
Last month the former teen heartthrob and The Fosters alum walked his mother down the aisle on Italy’s Amalfi Coast – but what do we know about his biggest supporter over the years?
Expectations of a rate cut next month increase as pay growth slows to its lowest rate for more than two years.
We support you and your zero checked bags EVER agenda. View Entire Post ›
Kim Tae-ri stars as talented young singer Yoon Jeong-nyeon whose mother (Moon So-ri) tries to stop her singing, in this Disney+ period drama.
The bullishness on Wall Street is largely based on confidence that the Federal Reserve will tame inflation, the economy will remain solid and corporate earnings will continue to grow.
She made her name leading glossy magazines. Now she’s joining the newsletter flock.
After the popular publication was folded into GQ, a group of them is striking out on its own. One of the first orders of business: doing away with album scores.
Sir Keir Starmer says this month's Budget was "going to be tough" but would "focus on rebuilding our country".
Some of these places deserve wayyyyyy more attention. Others, I definitely could have passed on. View Entire Post ›
Stroll around Austria’s fourth largest city and take in the places where Mozart was born, lived, and composed and conducted music.
As common as acne is, experts say there are some popular misconceptions about its causes. Research suggests diet and poor hygiene are not the clear culprits, but rather a multitude of factors are at play, including genetics, hormonal changes — and stress.
For Stephanie Craig and Mike Murphy, trying to grow their family has been difficult. Craig had a miscarriage in 2018 at 24 weeks and they tried IVF. Since then, the Guelph, Ont., couple have been looking for a surrogate, including now through social media.
Trip.com Group, a leading global travel service provider, reveals that while sustainability awareness is rising among travellers, there remains a gap between awareness and action. This is one of the key insights from the Sustainable Travel Consumer Report 2024 that the Group released today.
Global luxury hospitality leader Four Seasons and Lucid Group, Inc., maker of the world’s most advanced electric vehicles, announce a new partnership grounded in a shared vision of an exceptional, sustainable lifestyle. The collaboration underscores both companies’ commitment to environmental stewardship and responds to a growing guest desire for added flexibility and unique, eco-friendly experiences during their stay.
From 4th -8th November , 2024, the Southeastern Anatolian city of Şanlıurfa, home to the globally significant Neolithic sites of Göbeklitepe and Karahantepe, will host the World Neolithic Congress, the first of its kind. Organised under the auspices of the Ministry of Culture and Tourism and the Türkiye Tourism Promotion and Development Agency (TGA), this pioneering event will bring together approximately 1,000 scholars from 64 countries and 487 institutions to advance research and understanding of Neolithic cultures worldwide.
As autumn takes hold across Europe, Chia Laguna Resort, Sardinia welcomes guests seeking warm temperatures and activity filled days. Following an outstanding season marked by double-digit growth in occupancy rates, the resort welcomes all types of traveller to three distinct properties - Conrad Chia Laguna Sardinia, Baia di Chia Resort Sardinia - Curio Collection by Hilton, and Hotel Village
A far cry from the traditional African safari and catching sight of the ‘Big Five’ – Austria’s ‘Capital of the Alps’ offers instead five unique experiences for winter wanderers. From skiing under the stars or travelling through time at a Victorian Christmas market, to a magnificent carnival event that is only held every five years, the Innsbruck region is a hidden jewel, just waiting to be discovered.
The Gambia Experience celebrated its first flight of the season departing from Gatwick to Banjul on Friday, (11th Oct) marking over 35 years of winter sun holidays to The Gambia. Upon arrival at Banjul International Airport, passengers were warmly welcomed by The Gambia Experience resort team and British High Commissioner to The Gambia, Harriet King before being treated to a vibrant and welcoming reception from a local dance troupe, The Jola Cultural Group. Their energetic drumbeats and colourful costumes set the tone for a memorable holiday, providing an authentic, immersive experience, and first taste of the rich cultural traditions that make the destination so special.
The vote of confidence comes from Jeremy Chan, head chef at restaurant Ikoyi in London and who's created the new first-class menu for Eurostar.
Stay22, the travel tech company that offers affiliate revenue generation opportunities for travel content creators, has announced the integration of Booking.com’s wide range of products. This partnership will offer Stay 22’s network of over 2,700 global content creators the opportunity to generate revenue from every element of the travel experience in one place, including accommodations, flights, car rentals, and attractions, within their platforms.
Genius packing hacks, like a shirt that can be worn six ways, solid shampoo bars, and more. View Entire Post ›
Octopuses are intelligent, solitary creatures, and governments must stop funding ‘cruel and unsustainable’ octopus farms, reformers say.
The tech giant says it will use energy from small reactors to power its use of artificial intelligence.
For US$490 you can eat an authentic 18th century feast served by a butler at the British monarch’s table in Dumfries House, Scotland.
Four-month event featured music, dance, Chinese opera, multi-arts programmes, films, exhibitions, lectures, artist talks and masterclasses.
The poet-turned-rapper tells Style about seeing Flo Rida perform in high school, and how All Eggs in the Basket is not just the name of her upcoming release but a mantra for life.
CNBlue hit the big time in 2010 after their song Loner became a huge hit, and 14 years on, they talk about their career and new mini album X.
The Southern California mind (me) cannot comprehend the concept of a Vermont autumn... View Entire Post ›
Plaintiffs in antitrust case over Hermès limiting ability to buy coveted bags to customers who purchase other items amend their complaint.
A Chanel ambassador since 2018, Robbie succeeds the likes of Nicole Kidman, Catherine Deneuve and Marion Cotillard as the face of the iconic fragrance.
Kamala Harris’s campaign is pushing a version of the credit intended to fight child poverty, while Donald J. Trump sees the program primarily as a tax cut for people higher up the income scale.
I went on a quest to find worthwhile fall rituals. Here's what I found.
What could happen if Donald Trump drastically increases tariffs as he has promised to do?
This year’s programme includes a drama ripped from Hong Kong headlines, a social satire in a near-future Japan and a modern romantic drama.
Falling launch costs have given African nations a chance to send their own satellites into orbit.
Alabama woman's case led to law, signed by Barack Obama, that gave Americans more rights to sue for pay discrimination.
The youngest Pelosi’s 2022 documentary, Pelosi in the House, includes recordings she made of the January 2021 US Capitol attack – footage that was later used during an investigation into the riots
Angry at what they view as China’s state-led xenophobia, taught in schools and prevalent online, some people are taking action, even at personal risk.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.