By Sukanya Ganesh — Jan 9, 2023

💸 Financial Hub of the Metaverse

How XLD Finance is building infrastructure to make the transition from traditional finance to DeFi easier

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XLD Finance - simplyfing Web3 finance

Blockchain events - upcoming events in the blockchain world.

In Other News - a few interesting developments we're tracking.

XLD Finance - simplyfing Web3 finance

XLD Finance is a borderless decentralized ecosystem providing financial tools among emerging economies. XLD Finance is building infrastructure to enable the delivery of financial tools to emerging economies through APIs that bridge web3 and traditional finance. Its core products include crypto-based payments, disbursements, and crypto-to-fiat offramp APIs which allows web3 and crypto projects to offer tools to their users typically available only to traditional financial institutions.

In January 2022, it launched its first ecosystem project, xSpend, a platform enabling users to spend their GameFi tokens and stablecoins to pay for utility bills, buy mobile credits, and purchase goods and services using only their Metamask, Phantom, or Ronin wallet.

xSpend remains the only active project in the XLD Finance ecosystem but the developing team is also working to develop other applications including OmniX, a crypto disbursement platform that simplifies crypto disbursements allowing guilds and projects to pay thousands of people with crypto in three clicks. The XLD Wallet is a non-custodial wallet that will allow users to stake their tokens, make transfers, and make payments easily. XLD Finance also expects to launch a solution that will enable merchants to accept crypto payments easily. This application has been named xMerchant. XLD Finance’s roadmap includes an algorithmic stablecoin, and a web3 wallet Software Development Kit (SDK).

XLD Finance’s Co-founders, Ian Estrada and Herbie Fu, leverage extensive experience in financial services and web3. They have raised a total of $13M in funding.