WHY XCARD CAN BECOME A GLOBAL LEADER IN THE PAYMENT INDUSTRY

Online payments took a different shape with the launch of cryptocurrencies. These digital assets came with a disruptive mechanism that promised to change the entire system of global payments. As instituted by Bitcoin (BTC), the aim was to chart a different course where cryptocurrencies can be adopted into the mainstream financial system.
It’s been a decade since the launch of the pioneer cryptocurrency, Bitcoin that was soon followed by other currencies, such as Ethereum and over 2,000 crypto coins. The primary problem with these is their inability to break through the barriers of digital dominance. They have not been able to gain many real-world adoptions. That is the basis for the launch of XCARD.

What is XCARD?

XCARD is a part of the Mobilum ecosystem that has many cryptocurrency instruments, such as digital exchange, a (virtual) cryptocurrency card, and a cryptocurrency wallet. These and the foundation API and many other features combine to bring out the best out of the platform.
Ideally, XCARD is designed to undertake two (2) functions, which are credit cardand digital wallet. They are designed in that manner to help in the validation of transactions at low costs and in real-time. That brings us to the basis of the topic, on the reasons why XCARD would, over time, become a force to reckon with in the global payment industry.

EASY WAY TO SPEND CRYPTOCURRENCY
It’s not hidden that cryptocurrencies are “yet to make the needed impacts that would validate their quest to become global currencies.” Nevertheless, they can still take a cue from the flexible crypto spending functionality offered by XCARD.

XCARD, through its API, allows its users to spend and buy cryptocurrencies easily, just as it extends the same gesture to other related assets.
The premise of these functionalities is based on credit and debit cards. First, XCARD postulates that the users can spend their cryptocurrencies and use the same for instant settlement if they have an existing physical payment card issued by their card providers or banks.
The card can be funded with cryptocurrencies. On the other hand, if the users require loans, they can also deposit the equivalent cryptocurrency as collateral in exchange for physical cash.
Now, you may be wondering about the possibility of the connection promised by XCARD. It can do that using two (2) distinct media. It primarily makes the connection of the supported payment card to the XCARD app. After that, the users’ payment cards would then be broken down into two distinct connections methods. The first is the connection of the card through the Original Credit Transaction (OCT), which is supported for MasterCard, VISA, and Money Send. The second medium of contact is through Wire Transfer for direct bank payments – International Bank Account Number (IBAN).

THE LOANING PROCESS
Undoubted, loans or credit facilities help the borrowers to have some financial backup for any task they intend to undertake. The XCARD loan was launched against the backdrop of the high-interest rates and other accompanying conditions in the conventional loan setting.
In this instance, users would have the opportunity of getting loans or credit facilities provided they have the equivalent sum in cryptocurrencies. That is a feasible way to spend cryptocurrencies without breaking the bank.
Above all, transactions in this regard are facilitated using the MBM tokens. That is tenable because cryptocurrencies would be converted to fiat currencies. To do that, the users are mandated to have up to 5% of the transaction value, as that would be used to trigger the necessary conversions and loans.

XCARD ASSURES INSTANT SETTLEMENT

The quest of the average cryptocurrency investor is to be able to spend the asset without hassles. Therefore, the varieties of features offered by XCARD are designed to connect fiat currencies and crypto assets in real-time. Hopefully, XCARD would be massively adopted in the crypto-sphere, which is the core target area. Then, the community of cryptocurrency users would be on the way to enjoy robust instant settlement using cryptocurrencies.

USEFUL LINKS
Website: http://xcard.io/
Whitepaper: http://xcard.io/static/XCard-Whitepaper-21082019.pdf
Telegram: https://t.me/mobilumcom
Twitter: https://twitter.com/xcardbymobilum
Facebook: http://www.facebook.com/mobilumcom/

AUTHORS DETAILS
Bitcointalk username- Corer
Bitcointalk profile link- https://bitcointalk.org/index.php?action=profile;u=2373697