#Lithuania #Vilnius #XDC Network #Encryptus #XDC Cash

Introduction

XDC Network has officially launched XDC.Cash, a revolutionary solution designed to facilitate the conversion of XDC tokens into local currencies and alternative payment methods (APMs) across more than 100 countries. This innovation is powered by Encryptus, enhancing the accessibility and usability of cryptocurrencies in real-world transactions.

What is XDC.Cash?

XDC.Cash serves as a dedicated off-ramp solution within the XDC ecosystem, enabling users to convert their XDC tokens effortlessly into various fiat currencies. With the implementation of Encryptus' extensive payment network, users have the flexibility to choose from multiple payout methods—these include bank transfers, gift cards, e-wallets, and mobile top-ups. Users can expect competitive rates, especially in less developed markets where traditional banking services might not suffice.

Global Reach and Local Currency Options

Utilizing the extensive and diverse payment network of Encryptus, users can convert their tokens into 70+ fiat currencies such as EUR, VND, PHP, NGN, and BRL. This broad spectrum of options significantly enhances the adoption of XDC in everyday transactions, contributing to its real-world utility.

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The launch of XDC.Cash comes hand-in-hand with the deployment of XDC2.0, which significantly improves transaction speeds—settling payments in merely 3 to 4 seconds. This enhanced reliability positions XDC as a strong contender in sectors such as fintech, appealing particularly to payment service providers eager to develop further innovative solutions on its robust infrastructure. Additionally, XDC Network’s compliance with the ISO 20022 standard elevates its interoperability with traditional financial systems, simplifying the adoption of blockchain solutions by banks and financial institutions.

Future Expansions

The roadmap ahead for XDC.Cash is ambitious, with plans to integrate off-ramp solutions into leading digital wallets, DeFi platforms, and decentralized applications (DApps). This strategy will empower users to convert XDC to fiat seamlessly without needing to exit their preferred platforms. Wallet providers and fintech platforms are encouraged to leverage Encryptus’ advanced APIs to create a frictionless conversion experience.

Global On-Ramp Initiatives

Encryptus is also advancing its infrastructure for a global on-ramp, set to support users across 22 countries in Asia, Africa, and Latin America in acquiring XDC alongside other digital assets like USDA, BTC, and ADA. This enhancement aims to facilitate direct cryptocurrency purchases, thus removing the dependency on traditional payment methods.

The Role of USDA Stablecoin

In an exciting development, XDC Network is collaborating to integrate USDA, a stablecoin fully backed by US dollars. This partnership aims to facilitate USDA’s seamless integration across various financial services, further intensifying the XDC Network’s capabilities.

Conclusion

XDC.Cash stands at the forefront of enhancing the accessibility and utility of cryptocurrency transactions in the mainstream economy. By combining innovative technology with a user-first approach, XDC.Cash simplifies the conversion of digital assets and empowers users globally, thus solidifying the value of the XDC Network.

For more information on XDC.Cash and its offerings, visit xdc.cash.

About Encryptus

Founded in 2021, Encryptus has emerged as a leader in the cryptocurrency transaction landscape, fostering compliance and liquidity for high-volume players. With a European license and strong infrastructure spanning over 80 countries and 41 currencies, Encryptus is revolutionizing the crypto-to-fiat space. Learn more at encryptus.io.

About XDC Network

Launched in 2019, XDC Network is a pioneering carbon-neutral blockchain that excels in enterprise-grade capabilities including Real World Asset tokenization and Trade Finance. Boasting remarkable transaction speeds and minimal costs, it supports a plethora of blockchain applications. Explore more at xinfin.org or xdc.org.