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The prices of XDC surged mainly because of its partnerships and integrations with a number of big names in the crypto currency community. The platform will prove to be beneficial for the crypto enthusiast and bring in new change for the users.
Enterprise adoption is very important for the long term goal of the cryptocurrency community. It is important because the integration of cryptocurrencies with daily business activities will add more users to the ecosystem and provide a boost to in-chain activity.
Xinfin Network (XDC) is one such platform that is gaining traction because of its enterprise adoption. It will be an enterprise-ready hybrid blockchain solution that is signed to optimise international trade and finance.
This surge in the price of the coin is mainly due to three reasons. They are
- Addition of XDC Network to the global TFD.
- Release of the decentralized email solution Ledger Mali.
- A developing environment of companions and list exchanges.
Adoption by TDN
The Global Trade Finance Distribution (TFD) Initiative has adopted the XDC Network. This is one of the fastest developments. TFD is a consortium of exchange originators, credit score insurers and institutional funders on a venture to reinforce automation and transparency in asset buying and selling and risk distribution.
This partnership is one of the most important for the XDC Network. It cannot be overstated because it partners them with some of the biggest global 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 aim of the TFD Initiative is to form a more robust finance ecosystem by defining new Technology-primarily based marketplace practices and transaction information specs to assist growth in the accessibility and transparency of exchange flows.
LedgerMail is equally important
It has become the first decentralised email solution that has helped surge prices of XDC. As it has partnered with the network. The main aim of the service is to give security, privacy, encryption and prevention from email attacks in a decentralised way.
The demand for the service soared to a great length and the total number of sign-ups surpassed 50,000 in the first week. New users also got 10 free XDC for signing up.
New partnerships
The prices of XDC rose due to the new partnerships and several new exchange listings. One of the largest partnerships turned into partnering with Shopping.io, an e-trade assignment that permits customers to pay with cryptocurrencies for objects on Amazon, eBay, Walmart and Etsy using.
People who bought products with XDC received a two per cent discount on the purchases. Users who have Shopping.io’s local SPI token will probably get a 12% discount.
XDC has also partnered with HAPI, an on-chain cyber security protocol for decentralised finance products that helps to increase security and help prevent hack attempts.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
