XinFin (XDCE) is slowly changing the world with its unrivalled hybrid blockchain. The XinFin has managed to secure partnerships with corporations all across the world, as well as establish a hybrid blockchain research lab in the U.S. XinFin literally looks set to take over the blockchain ecosystem, by giving corporations a decentralized solution that also allows them to control their private data. The XinFin team is now taking things a notch higher, with a Multisig wallet that is designed with the practical needs of business in mind.
First, this wallet is designed for compatibility with fiat and other cryptocurrencies. Through this wallet; institutions, including banks and other businesses, can make use of this wallet for different transactions, while avoiding the volatility that comes with cryptocurrencies. That’s because the XinFin wallet allows users to send and receive money in their local currency. It is also designed to be interoperable with other services that banks have for the transfer of money between different accounts. This makes the XinFin wallet an ideal tool for banks looking to integrate blockchain solutions into their businesses.
Still on banking, XinFin (XDCE) is a perfect tool for settlements in cross-border payments. The reason why banks have not adopted cryptocurrencies for cross-border settlements is due to their high volatility. The XinFin wallet eliminates this problem by allowing for instant settlements in fiat. As such, the bank is never exposed to the volatility of cryptocurrencies. Therefore, through this wallet, there is an incentive for banks all across the world to adopt the XinFin (XDCE) token, and use it in banking.
Another great aspect to the XinFin wallet is that enables merchant to accept payments in the XinFin token. For instance, it can be used at restaurants, at travel points, and any other points of sale. Basically, through this wallet, the XinFin token can be used in place of fiat for everyday payments.
The XinFin wallet also supports KYC and all other regulations that are set by different countries for currency usage. Given that the lack of KYC is what has caused friction between governments and the crypto world, it then follows that the KYC aspect of the XinFin wallet gives the XinFin hybrid an edge over other blockchains in terms of adoption for everyday payments, in all jurisdictions all across the world.
On top of that, the fact that this wallet is Multisig makes it ideal as a trustless escrow for anyone looking to invest in crypto. It allows the investor to hold fiat, which means that they can shift between fiat and crypto and avoid the volatility of the crypto market. This is a great feature for this blockchain because it eliminates the need for an investor to hold money in exchanges, where it’s usually possible to hold USDT and other stable coins in times of volatility.
Clearly, this wallet is a plus for the overall growth of the XinFin hybrid blockchain. It gives the XinFin (XDCE) token a huge utility as an everyday currency. With this wallet, XinFin (XDCE) could hit $1 soon.