xSpend: The Answers You Need To Know

Emerging markets are seeing a rise in users of play-to-earn (P2E) games, having recognized it as a fun way to supplement existing salaries, or as a new career path altogether. While this new segment within the decentralized finance (DeFi) community grows, the financial services supporting these emerging markets are still far from being optimized. P2E gamers risk using arduous, and ironically archaic, processes to cash out from their new revenue stream, hindering full adoption of the DeFi space as well as being able to maximize their earnings.

The XLD Finance ecosystem is designed to bridge the gap between DeFi and real-world financial institutions — serving as a gateway to the underserved, with the goal of driving financial inclusion for a largely unbanked population. xSpend, the ecosystem’s premiere product, helps ease the monthly pain of having to pay bills, when all one has are tokens in their proverbial pocket.

What is xSpend?
is a platform that allows users to immediately use their GameFi tokens or stablecoins to pay for prepaid mobile credits and utilities like water, electricity, internet, and phone bills. This allows play-to-earn users in underserved and emerging markets to directly use their GameFi tokens to pay for real life necessities and utility bills.

What do I need to use xSpend?
A MetaMask or Ronin wallet, the tokens you want to spend, and the information for the biller or mobile network that you’d like to transact with. That’s it.

How do I use xSpend?
was designed with convenience in mind. Below, you can find the steps of how to use it:

Buying mobile prepaid credits with Metamask:

Buying mobile prepaid credits with Ronin:

Paying bills with Metamask:

Paying bills with Ronin:

When will it be available?
will be available to the public on 15 December 2021. The first 1000 users will be qualified for an NFT airdrop!

Where will it be available?
Users can use xSpend to pay for prepaid mobile credits for mobile networks in Bangladesh, India, Indonesia, Malaysia, and the Philippines, while the ability to pay for utility bills will only initially be available for the Philippines. xSpend will also become available in Indonesia (billing), Thailand, and Latin America within the next couple of months.

Which billers can I use xSpend for?
can be used to transact with over 300 billers and most major mobile networks in the aforementioned countries — the list will continue to keep growing as we expand to new markets.

Which tokens can I use on xSpend?
Users can transact with GameFi tokens or stablecoins like: USD Tether (USDT), USD Coin (USDC), DAI, and Smooth Love Potion (SLP). The XLD Finance ecosystem is currently compatible with EVM and non-EVM chains like ERC, BSC, and Polygon — with the Solana compatibility under way.

To learn more about the XLD Finance ecosystem and be alerted for future updates, please visit our website, or follow us on Twitter, Medium, LinkedIn, and Telegram.



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