Feb 5, 2019
XendBit is a decentralised blockchain platform for remittances, payments, aid disbursement, store-of-value and credit.
Centralised exchanges are susceptible to internal and external security risks. The XendBit wallet uses bank-verified KYC and is being developed as an exchange.
XendBit will be a platform to enable new blockchain-based financial services, taking advantage of the new opportunities presented by the blockchain ecosystem such as smart contracts, ICOs, crypto-loans, venture financing, and tokenization which will power digital identities, certificate registration and verification services.
Unlike most global exchanges which are centralised, XendBit is the first decentralised digital asset exchange focusing on Africa. XendBit features Xendcoin, which is native to the XendBit DEX. Transactions based on Xendcoin will attract lower fees.As P2P trading becomes more fluid, traders can engage and settle trades faster than bank transfers or foreign TetherCoins. The XendBit blockchain platform is able to integrate with most banks in Africa and beyond including Nigeria, Ghana, Kenya, South Africa and Rwanda.
Creating an identity on the blockchain can give individuals greater control over who has access to their personal information. Through the blockchain, identities can become globally accessible in a way that creates more transparency for service providers such as financial services, charities, donors, grant makers and sponsors. A blockchain-verified identity also addresses the challenges of establishing provenance, authentication and reconciliation faced by many industries. Xend's Smart ID is a DApp that enables the use of blockchain in areas such as digital identities, banking, passports, e-residency, birth certificates; wedding certificates and online IDs. The Xend Smart ID Card offers a convenient way for individuals to make micropayments through an embedded RFID which stores the Xend wallet's private key, encrypted with a two-word phrase.
Attention. There is a risk that unverified members are not actually members of the team
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