One protocol that has been receiving some good mileage on the enterprise adoption front is XDC. For the uninformed, this is a hybrid blockchain solution that is enterprise-ready- specifically designed for the optimization of international finance and trade.
It is to be noted that the enterprise for the adoption of blockchain technology has been quite a major long-term goal for the community of cryptocurrency due to the integration of digital currencies with daily business activities- something that would surely herald new users into this ecosystem, as well as provide a major boost to the on-chain activity.
The Reasons Behind XDC’s growth
According to data that was released by TradingView and Cointelegraph Markets Pro, it has been understood that XDC previously hit a low of $0.0673 on the 20th of July, after which its price increased by 190% to get to an all-time high of around $0.1952 on the 21st of August.
There are quite a few reasons for this increase in the traction of XinFin, which has added this network to the global initiative of TFD. It also includes the release of the decentralized email solution LedgerMail, along with a far stronger ecosystem of listing exchanges and partners.
One of the major reasons behind this impressive development of the network of XDC has been the addition of the TFD initiative, which is specifically a consortium of credit insurers, trade originators, and institutional funders that are on a mission to boost transparency as well as automation in risk distribution and asset trading.
According to the Chair of the Fintech Committee at the International Trade and Forfaiting Association, the addition of the network of XinFin does allow the organization to bridge the trade finance asset of $19 trillion with any variable of the funder.
XDC can also credit its surge to the release of LedgerMail on the 4th of August. Proclaimed to be the world’s first decentralized solution for email, it is powered by the network of XinFin.