Redefining financial services for the unbanked and indeed for everyone in El Salvador, our partner DitoBanx has launched their new Dito Wallet in conjunction with Mastercard, backed by Qredo technology. 

Users can now sell bitcoin and USDC held in their Dito Wallet for fiat that is immediately uploaded to a Mastercard prepaid card. 

Dito Wallet: A gateway to global spending 

From the convenience of their smartphones, users will be able to convert their cryptocurrency into spendable cash accepted at over 100 million locations worldwide.  

This innovative launch is a significant stride towards financial inclusion in El Salvador, opening up a multitude of options. Users can pay utility bills, withdraw cash from ATMs, or even initiate transactions with traditional banks, all through the Dito Wallet app. 

After an initial trial launch of 2,500 users in El Salvador, DitoBanx plans to roll this offering out across the country and then all of Central America, as well as the Dominican Republic, Colombia, and Mexico. 

"Qredo Network has revolutionized the way we transact and exchange value securely. With their innovative blockchain technology and robust security measures, I feel confident in the privacy and integrity of our transactions. Qredo's seamless integration and user-friendly interface make it easy to navigate and leverage the power of decentralized finance. I highly recommend Qredo for anyone seeking a secure and efficient platform for their digital assets." - Guillermo Contreras, Ditobanx CEO 

dMPC: The new gold standard in crypto wallet security 

In partnering with Qredo earlier this year, DitoBanx has fortified its commitment to providing secure, seamless financial services to its users by utilizing Qredo's decentralized multi-party computation (dMPC) protocol for the protection of user funds. 

Qredo's innovative dMPC technology distributes the computational processes required for transaction signing across its network. This approach all but eliminates the risk of private key theft, one of the most significant threats to crypto investors. 

With Qredo's secure custody solutions, DitoBanx users can now securely manage their digital assets, enjoying an added layer of protection when compared to the inherent risks of using either traditional hot or cold storage wallets. 

From fintech startup to market leader 

Since its inception, DitoBanx has consistently aimed to bring financial inclusivity to unbanked and underbanked individuals across Latin America.  

The integration of Qredo's institutional-grade digital asset custody solutions into the DitoBanx ecosystem exemplifies this goal, furthering the vision of providing accessible and secure management of digital assets to all.