WadzPay Token (WTK) is available on XinFin’s XDC Network as an XRC20 token marking the next step in a strategic technological collaboration between the two major players. The partnership enhancing WTK cross-chain interoperability paving the path toward WTK being used for gaming, microtransactions, and remittances planned for 2022 amongst various other applications and use cases.
WTK will have a vital role in realizing WadzPay’s drive for interoperability among payment protocols enabling conversion between CBDCs, stablecoins, and cryptocurrencies by bridging the ‘old world’ of fiat-based payments with the newest technologies of digital asset payments.
WadzPay currently offers issuance, acceptance, gaming, and remittance products. This partnership with XinFin will further enhance its offering with loyalty, tokenization, trade finance, and Buy Now Pay Later (BNPL) services over the coming months.
“Once solution providers realize how strong and beneficial developing on the XDC Network is, it becomes a no-brainer decision to utilize our powerful technology,” Troy S. Wood, project lead for Impel, the official ISO-20022 financial messaging and $XDC payments startup born out of the XinFin Foundation. “Even more special is how WadzPay will also partner with Impel for financial messaging and payments to service their customers better.”
The XDC Network was selected by WadzPay as the ultimate protocol given its significantly faster transaction speed, negligible gas fees, and military-grade security, along with XinFin’s focus on delivering applications for trade finance and remittances.
As part of WadzPay’s core principle of interoperability and delivering value to its customers, WTK will be available on other leading protocols as well in the future to enable a variety of choice, allowing users to match the best protocol for their specific use cases.
Users will be able to utilize an easy-to-use bridge that will convert their WTK ERC-20 tokens into XRC20 tokens, instantly benefiting from the many advantages offered by the XDC Network.
Exchange support for WTK will be coming soon to allow users to choose between which blockchain protocol they wish to withdraw their tokens onto, as users shop around for low gas fees and fast transaction times.