Guarda Wallet has added instant buy support for XinFin’s XDC token to its Simplex-powered fiat onramp capability. this partnership allows users to buy XDC with debit and credit cards, or even bank deposits.
Because the XDC native network currency may be used to pay for transactions and smart contract usage, the integration is critical for the adoption of the XDC Network hybrid blockchain infrastructure.
Adding new and simple ways to obtain XDC enhances the network by allowing it to reach a bigger audience of consumers and developers.
Because of its collaboration with industry leader Simplex, the XDC coin may be acquired on Guarda Wallet. Users can get XDC directly into their wallet in seconds by using debit or credit cards, Apple Pay, or fast wire transfers (where supported).
Simplex, as Guarda’s partner, executes the conversion and contributes its extensive experience and widespread adoption to ensure a smooth transition.
Guarda is a multicurrency wallet that may be used on the web, on mobile devices, on desktop computers, and as a Chrome extension. Over 50 main blockchains, thousands of tokens, and hundreds of stablecoins are supported by Guarda.
Guarda has been a supporter of XinFin’s XDC Network since 2020, but until today, the agreement did not include an immediate buy option.
The XDC Network, developed by XinFin, is a hybrid blockchain project aimed at enterprise customers. The platform picks up where J.P. Morgan left off with the Quorum project, and it’s built on an enterprise-ready version of Ethereum.
Powered by its XDPoS consensus method, which ensures the essential performance for this aim, XinFin has concentrated aggressively on notable partnerships since its start to bring widespread adoption to blockchain technology.
“We’re very excited for this new stage of the relationship with Guarda Wallet because it’s critical to make XDC as broadly available as possible to jumpstart adoption and network effects,” said Ritesh Kakkad, Co-founder of XinFin.
Guarda Wallet CEO Paul Sokolov said, “We believe in the XinFin mission and support the project, and we are extremely delighted to be delivering a sleek and easy integration to instantly acquire XDC on our app.”
“The value of a positive user experience cannot be overstated. Many consumers desire something more straightforward than placing orders on an exchange, and we’re filling that need through our relationship with Simplex.”
“We’re ecstatic to be adding support for XDC, allowing millions of people to instantly purchase the XDC Network’s native coin with their everyday credit or debit card via our trusted and long-time partner, Guarda Wallet,” said Ari Last, Simplex’s VP of Business Development.
“Crypto should be accessible to everyone, and this collaboration with XinFin and Guarda brings us one step closer to that goal.”
The XDC Network and XinFin
The XDC Network is a global open source Hybrid Blockchain protocol/platform with independent community contributors including long-term investors, network utility providers, and tech developers.
The XDC Network is a utility network that enables businesses to install real-world applications on the Hybrid Blockchain Protocol in a safe, compliant, and regulated environment for a variety of use cases in trade, banking, remittance, supply chain, healthcare, and other industries.
A brief history of Guarda
Guarda’s narrative began in 2017 with the release of the first cryptocurrency wallet (Ethereum wallet for Android). Guarda (legally registered as Guardarian OÜ in the European Union) has been working on developing a blockchain ecosystem since then.
For the time being, Guarda has received an FIU license (reg. FVR000109) to exchange virtual money for fiat currency, in accordance with the rules and regulations of each jurisdiction in which it operates.
Brief history of Simplex
Simplex is the entire world’s fiat/crypto infrastructure. Simplex has been disrupting the status quo of crypto on/off ramps since 2014. It is powerful, seamless, and impactful.
We pioneered the first riskless global fiat onramp using a credit or debit card, with a zero chargeback guarantee, as the market leader.
Simplex Banking provides global payment accessibility as well as fraud-free payment processing. Simplex provides the complete fiat infrastructure for the cryptocurrency ecosystem, working alongside the largest brands in the industry like Binance, Huobi, and Bitpay.
Simplex was named one of the top ten most influential blockchain firms in 2020 as a regulated EU financial institution and a Principal Member of the Visa network. Follow Simplex on Twitter or visit simplex.com to stay up to date on the newest Simplex news.