XDC Network Ecosystem’s Trajectory: Wadzpay’s VARA approval, Impel’s standard, XDC Trade Network Transaction and Universal Digital Payments of Statis EUROs
The post XDC Network Ecosystem’s Trajectory: Wadzpay’s VARA approval, Impel’s standard, XDC Trade Network Transaction and Universal Digital Payments of Statis EUROs appeared on BitcoinEthereumNews.com.
The XDC Network ecosystem is at the heart of a transformative shift in the landscape of digital finance, and its recent achievements and innovations are set to redefine the financial technology sector. At the forefront of this evolution is Impel, a fintech innovator within the XDC ecosystem, harnessing blockchain technology to revolutionize financial messaging, ISO 20022 compliance, instant settlement, and facilitating collaboration with the R3 Corda platform. Impel’s pivotal role within the ecosystem is driving the adoption of cutting-edge solutions in the world of financial technology. The XDC ecosystem’s journey toward prominence is marked by significant milestones, with WadzPay, a prominent player in digital payments, securing “Initial Approval” from Dubai’s Virtual Assets Regulatory Authority (VARA). This achievement is a critical step in WadzPay’s pursuit of a Virtual Asset Service Provider (VASP) License, with ramifications extending to the entire XDC ecosystem. The impact of WadzPay’s accomplishment reverberates throughout the ecosystem. VARA licenses are now within reach for participants in the XDC ecosystem, providing them with the necessary approvals to conduct operations within Dubai’s dynamic digital economy, known for its innovation and appeal to businesses and investors worldwide. Impel, a driving force within the ecosystem, introduces a groundbreaking financial messaging system, “Impel ISO 20022,” built upon ISO 20022 standards. This innovative system promises to enhance efficiency, security, and interoperability within the digital payment network, solidifying Impel’s position as a vanguard in the financial technology sector. Its added feature of optional collateral for instant settlement and integration with the R3 Corda platform signifies Impel’s commitment to providing forward-looking solutions to banks and fintechs, positioning them for a future characterized by enhanced connectivity and efficiency. XDC Network’s potential in trade finance has gained recognition from global entities such as International Chamber of Commerce (ICC), World Trade Organisation (WTO), and CitiGroup, with its COO forecasting…
Filed under: News - @ November 3, 2023 10:18 pm