Ecoin partners with XinFin to unleash the stable-coin ‘banking gold-rush’
The stable Coin market just hit $120 Billion and looks like it’s not slowing down any time soon.
LONDON, UK / ACCESSWIRE / December 14, 2021 / Unlike cryptocurrencies like Bitcoin or Ethereum which are highly volatile, the value of Stable coins like USDT, USDC is pegged to the value of the U.S dollar, this can offer a friction-free banking experience for millions of users in the developing world.
Ecoin believes the ‘The next generation of banking apps will be built using stable coins and on blockchains like Xinfin’ (a purpose-built blockchain for trade finance)
Apart from Remittances, people in developing countries are using stable coins as a means of escaping inflation in their local currencies (like in the case of Lebanon which just suffered from 90% inflation in 2020). Stable coins are also increasingly being used for grocery shopping in places like Lebanon which are already dollarized ( with physical notes ).
A whole new banking stack of payment wallets, merchant POS systems, loan giving institutions etc will be built on stable coins powered by cheap smartphones and ubiquitous internet connectivity. This will unleash a banking Rush to the likes which we have never seen in the past and Ecoin is super excited about this partnership
The partnership between Ecoin and Xinfin aims to accelerate the stable-coin powered baking-rush on blockchain and unleash opportunities never imagined.
About Ecoin:
Ecoin is currently the fastest growing crypto wallet & exchange ecosystem in terms of the userbase which recently crossed 1.25 Million users across different geographies, our goal is to onboard 100s of millions of users into the crypto ecosystem for stable coins banking and also into long term investment options like Bitcoin etc.
Ecoin’s vision is to build high-security crypto solutions for everyday people with help of cutting edge AI technology. Our onboarding cost is 10x cheaper and is 10-20x more scalable than our competitors ( like World Coin). Our team spent over 2-years perfecting user-onboarding & fraud prevention and has deep know-how of developing countries and the cultural nuances.
If you are interested in learning more about how Ecoin aims to be the first crypto wallet/ exchange to onboard 100 million users and ride the stable-coin revolution, please contact
SOURCE: Ecoin Foundation
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