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XLD Finance has launched its first project, xSpend, which allows users to pay for needs and utilities using GameFi tokens or stablecoins right away.
Users with mobile phones in Bangladesh, India, Indonesia, Malaysia, and the Philippines can now purchase transferable prepaid credits over the platform using GameFi tokens and stablecoins. Users can also pay for goods and services through billers in the Philippines, a function that will be available globally by 2022.
xSpend will be Available to Users in Bangladesh, India, Indonesia, Malaysia, and the Philippines.
Web 3.0 wallets like Metamask and Ronin are natively connected with xSpend. Users only need to link their crypto wallet, select the token they wish to spend, choose the biller for the transaction, and enter their account information. Users can pay over 350 firms using USDT, USDC, DAI, and SLP, including Globe (Philippines), PLDT (Philippines), Airtel (Bangladesh and India), Indosat (Indonesia), and AirAsia (Thailand) (Philippines).
Users, especially those from emerging economies, are currently confronted with complicated off-ramping procedures, resulting in unsuccessful or fraudulent transactions. xSpend is a secure and convenient platform that allows users to spend cryptocurrency assets directly on current market pricing.
"We are excited to help the lives of Play-to-Earn users and scholars by making it easier to spend crypto for necessities. Anyone can use their stablecoin or SLP to pay their bills in less than 3 minutes through their Metamask and Ronin wallets," said Ian Estrada, CEO of XLD Finance.
Financial inclusion is a goal of XLD Finance, which provides real-world financial services. As many are unbanked, the decentralized finance (DeFi) community welcomes a new and rising segment of play-to-earn gamers. XLD aims to ensure that no one is left behind when it comes to financial infrastructure on DeFi.
XLD's Ecosystem Roadmap
The development of both Web 2.0 and Web 3.0 financial solutions, including its stablecoin, a non-custodial DeFi wallet, and early wage access, is on XLD's ecosystem plan. The company's next initiative is well underway with xMoney. This play-to-earn exchange automates the off-ramping of tokens from a crypto wallet to mobile wallets, bank accounts, and even cash pickups.