The cryptocurrency industry’s company adoption of blockchain technology is a significant long-term objective because integrating digital currencies into day-to-day commerce operations will attract more users into the ecosystem and promote business online.
One protocol that has gained momentum on the company adoption front is XinFin Network (XDC), a company-friendly blockchain hybrid solution intended to optimize world commerce and finance.
Data from Cointelegraph Markets Pro indicate that, after reaching the $0.0673 low on July 20, the XDC price recovered 190 percent to $0.1952 on August 21 to set a new all-time high.
Three causes for XinFin’s increasing momentum:
- Adding the XDC Network to the worldwide TFD Initiative
- Publishing decentralized LedgerMail email solution D
- eveloping partner ecosystem and listing exchanges.
The inclusion of a Global Trade Finance distribution (TFD) initiative, a consortium of traders and credit insurers, and institutions to promote automation and transparency in asset trading and risk distribution were among the most important achievements for the XDC network.
The importance of this integration for XinFin cannot be overestimated. Since it connects them with some of the world’s top financial institutions and service providers. Such as AIG, Santander Asset Management, etc.
Another cause for XDC’s rise was the August 4 introduction of the world’s first decentralized XDC-powered email service, LedgerMail.
Demand for the service got off to a strong start, with over 50,000 registrations in the first week. Moreover, ten free XDC for registration. XDC’s popularity has also increased due to new network agreements and numerous new exchange listings in recent weeks.
One of the largest partners is its connection with Shopping.io. An e-commerce initiative that allows customers to pay for Amazon, eBay, Walmart, and Etsy goods using cryptocurrency. In addition, purchases purchased via XDC get a 2% discount. Also, customers holding Shopping.io’s native SPI token additionally enjoy an additional 12% off.
XDC has benefitted from many recent exchange listings. As greater access resulted in gains in its 24-hour trading activity. These include its inclusion in SimpleSwap on July 8 and Simplex on July 31.