XDC Network Announces Partnership with Plug and Play Innovation Platform – Australian Associated Press

SINGAPORE, November 12, 2024 /PRNewswire/ — Plug and Play’s global open innovation platform to launch the XDC Payments Program. The program will identify and collaborate with the best payment-based Web 3.0 solutions that can enrich the XDC network.

“The We are excited to launch a payments-focused program with Plug and Play, whose expertise will play a major role in cultivating innovative new businesses on the XDC Network,” said Atul Khekade, co-founder of XDC Network.

With this partnership, startups in the payments industry will have the opportunity to leverage the resources and support of XDC Network. “This is an incredible opportunity for startups looking to shape the future of payments on a secure, scalable blockchain by gaining access to cutting-edge infrastructure, mentorship and a collaborative environment that accelerates their growth within the XDC ecosystem,” said Sonja MohantyHead of Ventures and Ecosystem Development at XDC Network. “We invite innovative payment solutions to be part of this journey and join us in creating the future of cross-border transactions and DeFi.”

Plug and Play’s leading fintech industry has a strong presence globally and across the APAC region, with more than 70 corporate partners and 2,000 accelerated startups. “XDC has been an invaluable global partner to us in the RWA (Real World Assets tokenization) Accelerator, and this new collaboration focused on payment solutions deepens our shared commitment. Together we will provide dedicated support for projects promoting cross-border payments, infrastructure and developer tools, payment accessibility, DeFi and liquidity solutions,” said Manav Narangdirector and head of financial services at Plug and Play APAC.

Plug and Play and XDC Network are committed to driving innovation in the fintech and payments industries and will work with startups to co-build payments-based Web 3.0 solutions on the Startups looking for potential collaboration opportunities are invited to express their interest in the XDC Payments Program here:

About XDC Network

Since its launch on the mainnet in 2019, the enabling near-instantaneous transactions, with minimal gas costs and a throughput of over 2,000 transactions per second (TPS). It also features a Layer-2 subnet system that allows companies, governments and individuals to launch sovereign and privacy-protecting subnets that take over the security of the XDC mainnet.

XDC Network, following the XDC 2.0 upgrade, is now positioned as the foundational infrastructure that enables seamless payments across industries. With an emphasis on scalability, security and interoperability, the XDC Network is designed to support the growing demand for digital payments across a wide range of use cases, becoming the foundation for the next generation of financial systems.

For more information about XDC Network, visit XinFin.org

About Plug and Play

Plug and Play is a global innovation platform. Headquartered in Silicon Valley, we’ve built accelerator programs, business innovation services, and an in-house VC to accelerate technology advancements faster than ever before. Since our inception in 2006, our programs have expanded globally with a presence in more than 60 locations worldwide, providing startups with the necessary resources to succeed in Silicon Valley and beyond. With more than 80,000 startups and 620 official business partners, we have created the ultimate startup ecosystem across many industries. We actively invest with 200 of Silicon Valley’s leading venture capital firms and host more than 700 networking events per year. Businesses in our community have made the switch $12 billion in financing, with successful portfolio exits including Danger, Dropbox, Lending Club and PayPal.

Us Asia Pacific headquarters was launched in Singapore in 2010 and since then we have grown into Malaysia, Indonesia, the PhilippinesAnd Thailand. Since then, we have invested in more than 100 startups and collaborated with various governments and multinational and regional companies to multiply their innovation efforts through initiatives such as industry-specific accelerator programs.

For more information: visit www.plugandplayapac.com

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SOURCE Plug and Play APAC