XinFin (XDC) Reaches New ATH After New Partnerships and Exchange Lists

Business adoption of blockchain technology is an important long-term goal of the cryptocurrency community, as integrating digital currenc...


Business adoption of blockchain technology is an important long-term goal of the cryptocurrency community, as integrating digital currencies into day-to-day trading activities will attract new users into the ecosystem and boost activity by chain.

One protocol that has gained traction on the business adoption front is XinFin Network (XDC), an enterprise-ready hybrid blockchain solution specifically designed to optimize international commerce and finance.

Data Cointelegraph Markets Pro and TradingView shows that after hitting a low of $ 0.0673 on July 20, the price of XDC rose 190% to a new all-time high of $ 0.1952 on August 21.

XDC / USDT 4 hour chart. Source: TradingView

The addition of the XDC network to the global TFD initiative, the release of the decentralized messaging solution LedgerMail, and a growing ecosystem of partners and list exchanges are three reasons for the growing momentum behind XinFin.

Adoption by a global commercial network

One of the most significant developments for the XDC network has been its addition to the global Trade Finance Distribution (TFD) initiative, a consortium of business initiators, credit insurers and institutional lenders with the mission of strengthen automation and transparency in asset trading and risk distribution. .

According to AndrĂ© Casterman, Chairman of the Fintech Committee of the International Trade and Forfaiting Association (ITFA), the addition of the XDC network “allows the organization to fill the $ 19 trillion trade finance asset class with any type of financial backer thanks to tokenization and digital assets. . “

The importance of this integration for XinFin cannot be overstated as it pairs them with some of the world’s largest financial institutions and leading service providers like AIG, Santander Asset Management, ING Bank, the International Chamber of Commerce, Standard Bank, Commonwealth Bank of Australia, Texel Group and Lloyds Bank.

The overall goal of the TFD Initiative is to create a more robust trade finance ecosystem by defining new technology-based market practices and transaction data specifications to help increase accessibility and transparency of flows. commercial.

LedgerMail Becomes World’s First Decentralized Messaging Solution

Another reason for the rise of XDC came after the August 4 release of LedgerMail, “the world’s first decentralized messaging solution,” which is powered by the XDC network.

According to the project’s Twitter feed, its mission is to provide “the highest level of security, privacy, encryption and prevention of email attacks in a decentralized manner.”

Demand for the service started hot with the total number of registrations exceeding 50,000 in the first week, new users also received 10 free XDCs for their registration.

Partnerships and exchange lists

XDC adoption has also increased in recent weeks thanks in part to new partnerships for the network as well as several new exchange lists.

One of the biggest partnerships was his the integration with Shopping.io, an e-commerce project that allows users to pay with cryptocurrencies for items on Amazon, eBay, Walmart, and Etsy. As an added benefit, purchases made using XDC get a 2% discount and users who also hold the native Shopping.io SPI token can get an additional 12% discount.

XDC has also partnered with HAPI, a chain cybersecurity protocol for decentralized finance (DeFi) products that helps increase security and prevent hacking attempts.

HAPI is a set of cross-chain smart contracts integrated into DeFi products and allowing them to reach a new level of security.

Several recent stock market listings have also benefited XDC, as increased access has resulted in an increase in its 24-hour trading volume. These include his July 8 addition at SimpleSwap and a July 31 the integration with Simplex.

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