At press time, the price of the XDC token was $0.03539.
The token had gained 12.88% in the last 24 hours at the time of writing.
The token is trending after XDC Network formed a strategic partnership with SBI Group’s subsidiary SBI VC Trade in Japan.
The XinFin Digital Contract (XDC) token has been the talk of the day following its splendid performance after XDC Network announced that it has inked a strategic partnership with SBI VC Trade, a subsidiary of SBI Group.
The partnership, which is a major milestone for the XDC Network also referred to as the XinFin Network, is aimed at enhancing trade finance efficiency in Japan by ensuring that the SBI VC Trade provides comprehensive services to customers in Japan. It comes after the recent XDCNFT launch by the BlocksWorkz tech firm causing an XDC price Bull Run.
The Japanese finance market sees an annual trading volume of about 2,000 trillion Yen and XDC Network’s involvement in the market is beneficial for both the network and the market.
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 XDC Network’s partnership with SBI VC Trade underscores the growing importance of a hybrid blockchain ecosystem that facilitates seamless transactions.
The partnership definitely holds huge potential for revolutionizing 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.
Furthermore, XDC has introduced several initiatives aimed at enhancing user experience by delivering more intuitive and user-friendly solutions.
In addition, the Japanese finance trade sector is strategic to the expansion of the XCD ecosystem and positions XCD as an ideal choice for businesses looking for streamlined operations and an enhanced financial framework.
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