EddieJayonCrypto
29 Dec 23
SBI Holdings has formed a partnership with TradeFinex to advance the utilization of XDC Network's blockchain technology in the Asia-Pacific region, with a focus on trade finance and cross-border payments. The network employs smart contracts to streamline global trade operations and SBI Holdings has ...
SBI Holdings has formed a partnership with TradeFinex to advance the utilization of XDC Network's blockchain technology in the Asia-Pacific region, with a focus on trade finance and cross-border payments. The network employs smart contracts to streamline global trade operations and SBI Holdings has been a steadfast advocate for XDC Network, offering diverse services related to XDC. The collaboration aims to broaden the applications of the XDC Network in Asia-Pacific, and SBI XDC Network APAC has launched a proof of concept (PoC) for international payments. Despite its ongoing collaboration with Ripple, SBI Group continues to broaden its presence in the digital asset scene by engaging other crypto-focused entities.
SBI Holdings has teamed up with TradeFinex to establish SBI XDC Network APAC Co., a collaborative initiative focused on advancing the utilization of XDC Network's blockchain technology across the Asia-Pacific region, with a particular emphasis on trade finance and cross-border payments. Through the use of smart contracts, the network aims to streamline global trade operations and digitize tangible assets like bonds and trade documents. With a strong commitment to supporting XDC Network, SBI Holdings continues to advocate for the network while offering diverse services related to XDC, furthering the scope of applications for the technology. This new collaboration is a testament to SBI Group's dedication to expanding its presence in the digital asset industry beyond its existing partnership with Ripple.
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