The global financial system has been undergoing different changes in the last couple of years. Banks and other similar financial institutions are leading sector. In the same regard, emerging aspects buoyed by Financial Technology (FinTech) are also contributing their quota to expand the operations of the conventional financial system.
Blockchain technology has been on a bullish race with the quest to change the global system of transactions. Although robust, the network is yet to scale through the touted intermediary-free transactions. Instead, most of the blockchain-based projects that are focused on the financial sector still use some fiat and real-world architectures to facilitate transactions.
Nevertheless, XCARD solves all those problems that have been kicking against the massive adoption of cryptocurrencies into the real-world payment system.
What is XCARD?
XCARD is an encompassing digital wallet that empowers the holders to initiate and complete transactions using both fiat and cryptocurrencies. The integration of both cryptocurrency credit card and digital wallet are premised on the Mobilum ecosystem. The ecosystem allows the users to facilitate transactions through the foundation API, the exchange, and the digital wallet.
Above all, XCARD is the perfect solution for completing transactions in real-time.
Fiat-Crypto Interoperability
It’s been a long time coming since the quest to implement interoperable transactions between the fiat and the cryptocurrencies. The collaboration is needed because their conversions would lead to seamless use. Besides, uniting crypto and fiat currencies would help in the completion of transactions in real-time.
To that end, XCARD forged interoperable transactions between digital assets and fiat currencies. On that note, it institutes and enables the direct and immediate conversion of crypto to fiat and fiat to crypto. Aside from that, the built-in cryptocurrency helps in facilitating the trading of over 200 cryptocurrencies. It’s also exciting to note that the interoperability tags along with the XCARD Credit Card to allow users to buy cryptocurrencies easily using fiat currencies.
The XCARD Credit Card
The long wait is now about to end. The time has come for cryptocurrencies to be used in reality. With the XCARD Credit Card, you and other users can connect fiat currencies and crypto assets in real-time.
Besides, the credit card that is issued by VISA also allows users to spend both their cryptocurrencies and fiat currencies in designated Automated Teller Machines (ATMs), and Point Of Sale (PoS) terminals.
Interestingly, you needn't have any particular experience in using the card to initiate instant settlement. Ideally, the credit card comes in the form of a virtual card. So, all the users need do is to enter the details in designated terminals to make and receive payments.
Do you have some needs but don’t have the funds to get them at the moment? You needn’t worry about that. The Buy Now, Pay Later option on the CARD allows the users to make purchases on credit and pay /for the same later.
The XCARD App
The cryptocurrency wallet app designed by XCARD is the direct medium for facilitating transactions. Users would have to download the app in either of the iOS or the Android distribution platforms.
On successful registration and completion of the Know Your Customer (KYC), the users can then use the secured wallet to initiate and complete transactions in real-time. Users can also connect their XCARD (virtual) credit card to specific cryptocurrencies for efficient transactions.
Final Words
XCARD’s impact is never to be underestimated. It came at a time that the community of cryptocurrency users is looking for an effective way of spending their digital assets. With the all-around features on the virtual credit card, you can now purchase and spend your favorite cryptocurrencies with ease.
Indeed, XCARD is on the way to changing the global economy with the feasibility of its virtual credit card in enabling crypto to fiat interoperability (and vice versa), and the real-time completion of transactions using the two currencies.
Do check the links below for greater insight on this mind-blowing project
🌐website
📖 whitepaper
💬Telegram
🐧Twitter
🗺Facebook
📄Medium
writer's info
Bitcointalk username: deodivine1
Profile URL : https://bitcointalk.org/index.php?action=profile;u=1390292