WHAT MAKES XCARD SPECIAL WHEN COMPARED TO OTHER SIMILAR PROJECTS

INTRODUCTION

During the last price rally, Ethereum and Bitcoin witnessed significant network congestion, the implication—users had to pay exorbitant fees to have their transactions processed faster. Even at that, the average time for the processing of transactions on Bitcoin was still in the hours and in extreme cases days. In the highly volatile cryptocurrency market, such delays could prove very expensive in times of high volatility, resulting in significant losses.

THE XCARD SOLUTION

In every sphere business, healthy competition helps increase growth and the blockchain space is no exception. XCARD is an all-in-one digital wallet which boasts of the most convenient payment system within the cryptocurrency space. XCARD connects fiat currencies and cryptocurrencies in real-time, eliminating the delay that arises from transaction processing on the blockchain. This efficiently makes instant payments with cryptocurrency a reality, a sharp contrast with the conventional cryptocurrency payment solutions available.

XCARD offers fiat to crypto exchange services instantly using real-time prices! Users are offered the best available exchange rates for crypto-to-fiat exchanges by the Internalizer- a superior matching engine within the forex and cryptocurrency exchange market.

XCARD features a mobile application (XCARD App) and a biometric credit card. Existing payments cards can easily be connected to XCARD, making it easy to utilize its services. XCARD supports over 350 currencies(200 cryptocurrencies and 150 fiat currencies), the most versatile within the blockchain sphere. This makes XCArd the digital wallet the wallet with the most compatibility for currencies- both crypto and fiat.

WHAT MAKES XCARD A SUPERIOR ALTERNATIVE WHEN COMPARED WITH OTHER SIMILAR PROJECTS

Support for a diverse cryptocurrency portfolio: It is a common practice within the cryptocurrency space to hold a diverse portfolio of cryptocurrencies. Due to the distribution of these cryptocurrencies across different blockchains, it becomes difficult to effectively store them in a single wallet, resulting in individuals leaving their crypto on the exchange where they were purchased. This practice, however, is one of the most widely discouraged as these exchanges are susceptible to security breaches as we have seen time and again, with even the allegedly most secure exchange being hack earlier in the year with 7000BTC stolen.

XCARD eliminates this challenge by supporting over 200 different cryptocurrencies issued across various blockchain and guarantees instant transactions, eliminating delays, making it the superior digital wallet and instant cryptocurrency payment option!

Instant exchanging of cryptocurrency for fiat and vice versa: In the highly volatile cryptocurrency market, being able to perform instant crypto-to-fiat and fiat-to-crypto exchanges is a necessity. This makes it easy for individuals to easily minimize the possibility of losses in the event of potential price crashes and enter into the market when prices rally without having to wait for transactions to be processed.

Compatibility with existing Payment cards: XCARD issues its proprietary credit card but it is compatible with existing payment cards- debit, credit, or prepaid. All a user has to do is connect the payment card to the XCARD App start utilizing XCard’s services. XCARD is compatible with different card issuers like Visa, MasterCard, Maestro with projected support for Amex, JCB, UnionPay and more in the nearest future.

Borrowing and Lending features: XCARD has as one of its major features borrowing using cryptocurrency as collateral. This makes it easy for users to easily obtain loans without selling off their cryptocurrencies. XCARD will also support users lending their cryptocurrencies to other users using the platform.

Compliance with Anti-Money Laundering(AML) acts and Know your Customer: One of the major reasons for the lack of interest in cryptocurrency by large institutions is the large lack of regulations and compliance with anti-money laundering acts. XCARD seeks to bridge this divide by providing an easy means of growing a healthy cryptocurrency space by being an AML/KYC compliant platform.

Unique uses for its MBM token: XCARD has its cryptocurrency token issued on Ethereum- MBM. MBM tokens are utility tokens which unlike other tokens are membership(access) and payment tokens. This ensures that to access the services of Xcard, users need to hold MBM tokens. Also, MBM tokens will be used for the payment of fees. XCard requires that 0.5% of the worth of any transaction carried out on the platform be held in MBM tokens.

CONCLUSION

Mobilum, the team behind the XCARD project has over twenty years of experience in FinTech- integrating payment solutions and system, recognizes the limitations of existing digital wallet and cryptocurrency payment options has proffered XCARD as a viable solution which connects fіаt currencies аnd сrурtосurrеnсіеѕ in real-time.

Diversify your portfolio, exchange cryptocurrency instantly, store, make purchases and payments using XCARD- the all in one digital wallet and payment solution! Find out more about XCARD by reading the WHITEPAPER.

USEFUL LINKS:
TELEGRAM
TWITTER
FACEBOOK
LINKEDIN

Author: SEXAPHILIAC