Latest news with #XDCNetwork
Yahoo
02-06-2025
- Business
- Yahoo
XDC Network, Bitso Business tie up to support US-Mexico remittances
The XDC Network has joined forces with Bitso Business to establish a blockchain remittance corridor aimed at enhancing payment transactions between the US and Mexico. The initiative is expected to utilise blockchain technology to facilitate 'near-instant payments'. This collaboration integrates the XDC Network's ISO 20022-compatible blockchain infrastructure with Bitso Business' fiat conversion services in Latin America. The remittance corridor is designed to offer a alternative to conventional payment methods in the region. The partnership aims to offer low cost remittances, with transactions settling in mere seconds at 'minimal' fees, the company said. It also supports multiple currencies, enabling swift USD to MXN conversions through Bitso's liquidity channels in Latin America. The service is tailored for SMEs, fintechs, and institutions that require efficient payment solutions for international suppliers or payroll. Conforming to ISO 20022-compliant messaging standards, the payment rail is compatible with existing banking systems and regulated entities, in line with XDC's objective to enhance adoption in emerging markets. With over ten years of operational experience, Bitso's APIs and regulatory connections across Latin America expected to add 'interoperability' to the XDC Network. XDC Network Ecosystem Development Amitava Mandal said: "This partnership with Bitso Business marks a major leap toward our mission of bridging traditional finance with blockchain efficiency. Together, we're delivering faster, fairer cross-border transfers that solve real-world challenges in global remittances and SME trade." The XDC Network is an EVM-compatible blockchain focused on tokenising real-world assets, digitising trade finance, and providing infrastructure for cross-border settlements. Bitso Business, meanwhile, offers services including Pay-ins and Payouts in Latin America, Cross-Border payments, as well as Trading and OTC services. "XDC Network, Bitso Business tie up to support US-Mexico remittances " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Associated Press
10-04-2025
- Business
- Associated Press
XDC-to-Fiat Off-ramp Now Live on XDC.Cash, Powered by Encryptus
XDC Network continues to strengthen its ecosystem with the launch of a Next-Generation Crypto Payment Solution powered by Encryptus. XDC holders can now convert their tokens into local currencies and alternative payment methods (APMs) across 100+ countries, making real-world utility more accessible than ever. Effortless XDC Off-Ramping Across the Globe Using Encryptus' wide-ranging global and local payment networks on XDC holders now have a gateway to a wide range of fiat currencies supported by Encryptus like EUR, VND, PHP, NGN, BRL, and 70+ fiat currencies. Users can also choose from multiple payout methods such as bank transfers, gift cards, e-wallets, and mobile top-up options (data and minutes). The available methods vary depending on the user's location and banking options. This integration ensures competitive, near-interbank rates—especially in frontier markets where traditional financial services often fall short. Powered by XDC2.0 and ISO 20022 Compliance With the recent launch of XDC2.0, the network now offers a 3-block finality, settling transactions in 3 to 4 seconds. This upgrade enhances payment reliability and speed, making it particularly attractive for fintech applications and payment service providers looking to build on fast, low-cost infrastructure. XDC Network is ISO 20022-compliant, aligning with the global messaging standard. ISO 20022 is an international standard for electronic data interchange between financial institutions. It enables richer, structured, and more secure messaging for payments, clearing, and settlements. Being ISO 20022-compliant gives XDC a key edge in interoperability with traditional financial infrastructure — making it easier for banks, payment providers, and enterprise platforms to adopt blockchain-based solutions without reinventing the wheel. Expansion Plan Wallets, DeFi, and Other DApps Looking ahead, and Encryptus aim to integrate off-ramp solutions into leading wallets, DeFi platforms, and DApps—allowing users to convert XDC to fiat without leaving their preferred interfaces. Wallet providers, DeFi protocols, and fintech platforms can integrate Encryptus' widget or API-based solutions to offer their users a seamless fiat off-ramping experience. Seamless Crypto On-Ramp Encryptus is advancing its technological infrastructure to introduce a global on-ramp, enabling users across 22 selected countries in Asia, Africa, and LATAM to seamlessly acquire XDC, USDA, BTC, ADA, and other supported digital assets. This enhancement will facilitate cryptocurrency purchases through local wallets and bank transfers, eliminating reliance on debit and credit cards. USDA stablecoin on XDC Network USDA is fully backed by dollars and dollar equivalents and is a stablecoin native to Cardano. XDC Network is exploring collaboration to leverage its blockchain expertise and extensive partner network to support USDA's seamless integration across multiple financial platforms and services. About is a dedicated off-ramp solution for the XDC ecosystem, offering secure and straightforward XDC-to-fiat conversion services. Built on the XDC Network and powered by Encryptus, a crypto<>fiat infrastructure, the platform is designed to serve individual users and businesses across the globe with compliant, fast, and user-friendly payout options. Learn more at About Encryptus Founded in 2021, Encryptus revolutionized cryptocurrency transactions for high-volume players by ensuring compliance, liquidity, and efficient pay-ins and pay-outs. With a European license and VASP status in Lithuania, Encryptus has built one of the industry's largest off-ramp infrastructures, spanning 80+ countries and 41 currencies. For more information, users can visit About XDC Network XDC Network is a pioneering, carbon-neutral, and EVM-compatible Layer 1 blockchain that has been live since 2019. It is renowned for its enterprise-grade capabilities, including Real World Asset (RWA) tokenization, TradeFinance, and DePIN applications. Leveraging a unique XinFin Delegated Proof of Stake (XDPoS) consensus mechanism, it achieves remarkable transaction speeds of 2 seconds and over 2000 TPS, with minimal gas fees (around $0.0001). Contact
Globe and Mail
19-02-2025
- Business
- Globe and Mail
XDC Network Successfully Concludes XDC Connect 2.0-Web3 Connect Mumbai
Mumbai, India--(Newsfile Corp. - February 19, 2025) - XDC Network is happy to announce the success of its 15th February event, which drew over 80 attendees from 300+ registrations, alongside media professionals, investors, marketers, startups, students, and Web3 OGs. The XDC Connect 2.0—Web3 Connect Mumbai brought together the brightest minds from the Web3 ecosystem, marking a significant step in fostering collaboration and innovation. To view an enhanced version of this graphic, please visit: The event commenced with a presentation from StorX Network, a decentralized cloud storage platform built on the XDC Network. The presentation highlighted how StorX empowers users with secure, private, and efficient data storage solutions. This was followed by a session from LawBlocks AI, a blockchain-based legal ecosystem that integrates AI to streamline legal operations, contracts, and document verification on blockchain. The spotlight turned to the XDC Network, an enterprise-grade Layer 1 blockchain for trade finance, tokenization, and real-world asset (RWA) integration. The XDC team concluded the session by inviting Web3 communities to collaborate and build on the XDC Network. The presentations set the tone for meaningful partnerships, fostering engagement between builders and the broader Web3 ecosystem. To view an enhanced version of this graphic, please visit: In the panel discussion on " Web3 & AI Trends: India to Global," industry leaders shared insights on the evolving Web3 landscape, the impact of AI in blockchain solutions, and opportunities for scaling Web3 innovations from India to a global stage. The conversation featured esteemed panelists, moderated by Lavin Mirchandani (Founder, GetEvangelized & NamasteWeb3), Rohan Ajgaonkar (B.D. Manager at Cryptopolitan), Saumya Sanghvi (CEO of IDC Fintech Solutions, partnered with Yotta/Nvidia), Nadar Suresh (Digital Marketing Specialist at XDC Network) and Adv. Ashish Baphana (Co-Founder at Law Blocks AI). The panelists discussed popular trends emerging in web3, highlighting opportunities and areas of caution while helping the audience navigate the basics of getting started on web3. The group encouraged the audience to invest time in educating themselves and use multiple resources available in the XDC ecosystem to learn, build, and thrive in the web3 industry. The session concluded with an engaging Q&A, during which attendees exchanged ideas on AI integration and regulatory landscapes. This set the stage for future collaborations and showcased India's potential to lead global Web3 innovations. To view an enhanced version of this graphic, please visit: The XDC Network team and ecosystem actively participate in major global events. However, the success of XDC Connect 2.0 by XDC Innovation Labs in India highlights the growing momentum of Web3 adoption. It underscores the XDC Network blockchain's crucial role in driving innovation in India and globally. As the XDC Connect series continues, attendees can look forward to more opportunities to connect, collaborate, and grow within the vibrant Web3 ecosystem. Mumbai, India Nadar Suresh suresh@ To view the source version of this press release, please visit
Zawya
06-02-2025
- Business
- Zawya
RAK DAO launches $2mln ‘Builder's Oasis' accelerator program to advance Web3 innovation
Ras Al Khaimah, UAE - RAK Digital Assets Oasis (RAK DAO), the UAE's leading Free Zone for digital assets companies, has announced the launch of its inaugural accelerator program, 'Builder's Oasis.' With a funding pool of $2 million, this program is designed to support Web3 startups in the gaming, AI, and blockchain infrastructure sectors. The program aims to attract over 150 global applicants, with high-potential startups to be shortlisted. Select participants are eligible for $100,000 in funding from XDC, alongside guidance from RAK DAO's network of ecosystem partners. By offering resources tailored to blockchain startups, the accelerator aims to drive meaningful advancements in decentralized technologies while fostering innovation in the MENA region. Applications for 'Builder's Oasis' will be open until the end of February 2025, after which shortlisted teams will be invited to participate in exclusive demo days in Dubai and Ras Al Khaimah. These demo days will culminate in a final showcase during the weeks leading up to the upcoming TOKEN2049 in April. In addition to funding, mentorship, and hands-on support, participating startups will gain unmatched visibility among global industry leaders, investors, and stakeholders. Luc Froehlich, Chief Commercial Officer of RAK DAO, stated: 'Having worked closely with startups across the globe, I've witnessed how resources and mentorship can transform raw ideas into industry-shaping solutions. By providing funding, fast-track licensing, and a supportive community, we're paving the way for blockchain, AI, and gaming ventures to flourish in Ras Al Khaimah and beyond. Our vision is to create a global nexus of forward-thinking founders who aren't just building projects, but defining the future of decentralized technology'. The program is co-coordinated by XDC Network, a leading blockchain platform known for its focus on real-world applications in trade finance and tokenization. This collaboration emphasizes the commitment of both entities to foster a global ecosystem for blockchain innovation, leveraging their strengths to support founders in bridging the gap between ideation and market readiness. Ritesh Kakkad, Co-founder of XDC Network, commented: 'At XDC Network, we've always believed in the power of pragmatic, real-world adoption for blockchain. 'Builder's Oasis' aligns perfectly with our focus on delivering tangible solutions that bridge traditional finance and decentralized systems. Through this accelerator, we aim to empower startups to push boundaries—whether it's in trade finance, tokenization, or next-generation gaming.' 'Builder's Oasis' stands out for its unique benefits, including fast-track licensing, reduced setup costs, and seamless incorporation within RAK DAO. Startups will also benefit from tailored guidance on business setup, compliance, and market strategies, ensuring they are well-equipped to navigate the complexities of setting up an enterprise. Additionally, the program connects participants with a vibrant network of investors and collaborators, enabling access to capital and strategic partnerships. This accelerator marks a pivotal step in RAK DAO's mission to nurture forward-thinking startups while elevating the region as a center for digital innovation. Through its partnership with XDC Network, 'Builder's Oasis' seeks to equip emerging Web3 ventures with the resources, mentorship, and regulatory clarity they need to deliver meaningful impact on a global scale. Applications for 'Builder's Oasis' are now open for registration. For more information, please visit About RAK DAO: RAK Digital Assets Oasis (RAK DAO) is the world's first and only Free Zone with Common Law features established to support and nurture digital assets companies. In the UAE Emirate of Ras Al Khaimah, RAK DAO offers a transparent legislative framework that simplifies the process of opening and operating digital assets companies. By fostering a vibrant ecosystem and providing comprehensive services, RAK DAO drives the future of emerging sectors, propelling innovation, and unlocking the potential of digital assets. About XDC Network: XDC Network is an open-source, carbon-neutral, enterprise-grade, EVM-compatible, Layer 1 blockchain that has been operationally successful since 2019. The network obtains consensus via a specially delegated proof-of-stake (XDPoS) technique that allows for 2-second transaction times, near-zero gas expenses ($0.0001), over 2000 TPS, and interoperability with ISO 20022 financial messaging standards. The XDC Network powers a wide range of novel blockchain use cases, including Global Trade Finance, payment, Decentralized physical infrastructure network (DePIN) and Real World Asset (RWA) tokenization, that are secure, scalable, and highly efficient. Media Contact: Athraa Bheekoo athraa@ Luna PR OR Araminta Bloom araminta@ Luna PR
