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XLD Launches xSpend in Malaysia to Enable Users to Spend Crypto Assets for Utilities
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June 8, 2022 News

 

XLD Finance, a stablecoin-based ecosystem that drives financial inclusion through real-world financial services, has announced the launch of its xSpend platform in Malaysia,which allows play-to-earn users to directly spend their GameFi tokens and stablecoins to pay over 350 billers and utilities.

With xSpend finally available to the Malaysian market after making its debut in countries such as the Philippines, Indonesia, India, Vietnam and Bangladesh, the Company has also announced its newest offering, the Solana feature that allow users to connect their Phantom wallet with saved biller details for easier and faster transactions through the Solana network.

“With the launch of xSpend in Malaysia, we are excited to help solve a problem that crypto users in the country encounter, which is the difficulty of spending crypto”, said Ian Estrada, Chief Executive Officer at XLD Finance. “Hence, we are thrilled to enable users to spend cryptocurrency assets directly for real-life necessities via a secure platform.”

To celebrate this milestone, XLD is giving away up to USD $2,500 (approximately RM 10,920) worth of prizes in its introductory promos for first-time Malaysian xSpend users and all Solana wallet holders.

Users can transact with USD Tether (USDT), USD Coin (USDC), DAI, Axie Infinity Shards (AXS), Smooth Love Potion (SLP), Binance Coin (BNB), MATIC, YGG Token, Terra USD (UST), Pegaxy Stone (PGX), Vigorous (VIS), and Cyblock Battery Token (CBT) with a variety of utilities and mobile networks in Malaysia.

Some notable billers in Malaysia include Astro, Indah Water Konsortium, Pengurusan Air Selangor Sdn Bhd (Syabas), Telecom and Majlis Amanah Rakyat, as well as telecommunications companies such as Maxis, Digi, Celcom and U Mobile, and others.

Visit https://xspend.finance for more information and the full list of billers.

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