CoinbarPay Unveils New Utility Token on XDB CHAIN, Paving the Way for Web3 Payments Revolution Jan 17, 2024 Jan 17, 2024 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsJanuary 17, 2024 by Kelly Cromley

CoinbarPay Unveils New Utility Token on XDB CHAIN, Paving the Way for Web3 Payments Revolution

CoinbarPay, a frontrunner in the realm of web3 payments, is poised to make waves with the imminent launch of a groundbreaking cryptocurrency within the XDB CHAIN ecosystem. The utility token, meticulously crafted to incorporate a novel rewarding system for both users and merchants, signifies a significant stride forward in blockchain-based retail technologies. This strategic move aims to propel the adoption of crypto payments across the expansive CoinbarPay ecosystem.


Exclusive Airdrop as a Token of Appreciation


In celebration of this pivotal moment, CoinbarPay is orchestrating an exclusive airdrop for XDB CHAIN and CoinbarPay community members. The distribution of the new cryptocurrency, directly credited to XDB Wallets—the inaugural non-custodial wallet on XDB CHAIN—serves as a token of gratitude for the unwavering support from the community. It also underscores CoinbarPay’s dedication to fostering the organic growth of the ecosystem.


Binance Collaboration Expands Crypto Payment Horizons


CoinbarPay’s recent collaboration with Binance has brought about a transformative integration of BinancePay into its platform, signifying a crucial leap in the landscape of crypto payments. This strategic alliance extends the reach of CoinbarPay’s merchants to a vast user base exceeding 168 million on Binance Exchange. The incorporation of Binance Coin (BNB) into CoinbarPay’s diverse portfolio, including BTC, ETH, USDT, XRP, and XDB, elevates the platform’s accessibility and utility, reinforcing its commitment to broadening multichain functionality within the payment ecosystem.


Introduction of the First Anchor Gateway on XDB CHAIN


As part of this expansive initiative, CoinbarPay is set to unveil the first Anchor gateway on XDB CHAIN. This groundbreaking gateway aims to augment multi-chain liquidity on the platform, facilitating seamless on-off ramp capabilities for an array of assets, encompassing both crypto and fiat currencies. The integration of Binance Coin (BNB) into CoinbarPay’s extensive array of major cryptocurrencies further fortifies the platform’s reach and utility, exemplifying CoinbarPay’s dedication to enriching the multichain functionality of its payment ecosystem.


Joint Sessions for Community Insight


In anticipation of the Spring 2024 launch, CoinbarPay has scheduled a series of joint sessions with the XDB CHAIN team. These sessions are strategically designed to provide the community with a comprehensive understanding of this groundbreaking initiative, representing a significant milestone in the simultaneous development of both the XDB CHAIN and CoinbarPay ecosystems.


CoinbarPay’s Role in Redefining Web3 Payments


CoinbarPay emerges as a beacon in the landscape of web3 payments, offering end-to-end blockchain-enabled payment solutions. By seamlessly integrating cutting-edge technology with user-centric financial services, CoinbarPay is reshaping the parameters of digital transactions in the era of blockchain.


XDB CHAIN: Empowering Brands and Consumers of Tomorrow


XDB CHAIN (XDB) serves as a protocol layer blockchain with a visionary mission to “empower brands and consumers of tomorrow.” As a recently developed platform, XDB CHAIN facilitates swift and cost-effective transfers of consumer digital assets, encompassing branded cryptocurrencies, non-fungible tokens (NFTs), and more. The platform revolves around the concept of Branded Coins (BCO), tokenized items backed by real-world assets. Within the XDB CHAIN ecosystem, BCOs empower businesses, organizations, and individuals to create custom-branded tokens, showcasing practical applications in the real world.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.