XDC token trends after SBI VC Trade partnership in Japan

  • As of the time of writing, the XDC token is priced at $0.03539.
  • In the last 24 hours, the token has seen an increase of 12.88%.
  • The token is currently trending due to its strategic partnership with SBI VC Trade, a subsidiary of SBI Group, in Japan.

The XDC token has been the topic of discussion recently due to its impressive performance after the announcement of its partnership with SBI VC Trade, a subsidiary of SBI Group.

The partnership is a significant milestone for the XDC Network, also known as the XinFin Network, and aims to improve trade finance efficiency in Japan by providing comprehensive services to customers through SBI VC Trade. This partnership comes after the recent launch of XDCNFT by the BlocksWorkz tech firm, which caused an increase in the XDC token price.

The Japanese finance market has an annual trading volume of around 2,000 trillion Yen, making XDC Network’s involvement in the market beneficial for both parties.

Importance of a hybrid blockchain ecosystem

The XDC is the digital asset that powers the eXchange inFinite (XinFin) Network, which is a Delegated Proof of Stake Consensus network (XDPoS), enabling Hybrid Relay Bridges, Instant Block Finality and Interoperability with ISO20022 messaging standards, making XinFin’s Hybrid Architecture Developer friendly.

The partnership between XDC Network and SBI VC Trade highlights the growing importance of a hybrid blockchain ecosystem that allows seamless transactions.

This partnership has the potential to revolutionize the XDC Network, positioning it as a promoter of digital transformation within the finance trade market and solidifying its position as a leading global player in the blockchain industry.

XDC has also introduced several initiatives to enhance user experience by providing more intuitive and user-friendly solutions. Additionally, the Japanese finance trade sector is a strategic market for the expansion of the XCD ecosystem, making it an ideal choice for businesses looking for streamlined operations and an enhanced financial framework.