Xend Finance Launches Crypto Payment API And Wallet Infrastructure For Businesses

The Launches Further Solidify Our Web3 Platform For Developers and Startups to Access the Worldwide Blockchain Economy

With our award-winning blockchain technology, we have always had the intention of sharing our knowledge and our platform. We realize that the Web3 startup cost – particularly for entrepreneurs and companies in Africa – can be a hindrance and daunting prospect for those hoping to enter the space. That’s why everything we do is available for free or is the least expensive in the industry.

Launching XendBridge and SwitchWallet!

We’re excited to announce the launch of two new products in XendBridge, a crypto payment API, and SwitchWallet, a free wallet infrastructure for startups and companies.

XendBridge is the first crypto payment API that will allow startups and businesses in Africa to accept and transact with U.S. Dollars (USD) and Euros, amongst several other assets, including Nigerian Nairas, Kenyan Shillings, and Ghanaian Cedis.

SwitchWallet is being offered free to startups, whereas they normally were paying over $100,000 a quarter for similar services! You can read the announcement below. For information on using XendBridge or SwitchWallet for your startups, you can reach us here:

XendBridge: Hello@Xendbridge.com

SwitchWallet: https://switchwallet.io/contact

Read The Press Release 👇🏾

XEND FINANCE LAUNCHES CRYPTO PAYMENT API AND WALLET INFRASTRUCTURE FOR BUSINESSES 

- XendBridge, A Crypto Payment API For Startups, Is The First To Support USD And Euros In Africa
- SwitchWallet, A Free Crypto Wallet Infrastructure, Introduces A KYB That Is The First Catered Towards An African Audience

Enugu, Nigeria — Xend Finance, a global crypto bank, today announced the launch of XendBridge, a crypto payment API, and SwitchWallet, a free public wallet infrastructure. Backed by Binance and Google Launchpad, Xend Finance recently passed 100,000 savers on their crypto banking app. The launch of XendBridge and SwitchWallet add to Xend Finance’s suite of products available to startups and businesses to access cryptocurrency payment and storage solutions. XendBridge is the first crypto payment API in Africa that offers United States Dollar (USD) and Euro on-and-off-ramp, while SwitchWallet offers the first free wallet infrastructure for African startups. 

“Previously, blockchain startups that wanted to support fiat in Africa found it very difficult because of the Central Bank restrictions on crypto,” said Ugochukwu Aronu, CEO of Xend Finance. “We have created a solution that allows any startup to easily do remittances from the U.S. or Europe as well as on-ramp and off-ramp five major local currencies, including Naira, USD, Euro, Ghanaian Cedis and Kenyan Shillings. As for SwitchWallet, startups before have been using foreign wallet services that require difficult KYBs and harsh regulations. Now, startups have their first free wallet infrastructure and one that is built to scale in Africa and meet international KYB standards.”

XendBridge is a peer-to-peer system that allows businesses to securely transact between fiat and cryptocurrency. Along with being able to access USD and Euros on XendBridge, numerous crypto assets can be transacted, including BTC, ETH, BNB, MATIC, USDT, USDC, BUSD, and more. SwitchWallet charges no fees, which is a first for any wallet services being offered in Africa. Both XendBridge and SwitchWallet can easily be plugged into any existing web application to access the Web3 business solutions. Xend Finance has a consumer angle, as well as multiple blockchain solutions for businesses. The company’s global crypto bank has onboarded more than 100,000 savers since launching their mobile app in December 2021. 

“Operating as a lean startup, the solutions offered with XendBridge and SwitchWallet allows Lazerpay to save time and major development costs,” said Njoku Emmanuel, CEO of Lazerpay. “We can easily integrate their API and infrastructure and focus on scaling our payment platform for businesses around the world.”

XendBridge is also available for startups and individuals to test through peer-to-peer transactions for supported fiat and cryptocurrencies through XendBridge Lite (https://lite.xendbridge.com/). 

Find out more about the Xend Finance here: https://xend.finance/

 XendBridge: https://xendbridge.com/

SwitchWallet: https://switchwallet.io/

About Xend Finance

Xend Finance is a global crypto bank offering up to 15% interest, with an open Web3 infrastructure for developers. Members can earn multiple levels of interest on their savings by seamlessly exchanging their crypto or fiat currency to stable cryptocurrencies and staking on the Xend Finance platform. The company’s Cross-Chain High Yield Aggregator is the first product in the industry that automatically scans and ensures the highest yields across multiple chains.

The international team is made up of professionals with backgrounds in mathematics, finance, cryptography, and blockchain development, working for KPMG, Chevron, Huobi, and Stanbic Bank. Xend Finance is backed by Binance, Google Launchpad, NGC Ventures, Hashkey, and AU21 Capital, amongst others, and is headquartered in Enugu, Nigeria.