X Infinity Crypto Exchange Raises $20.5 Million Through Private Sale

Singapore-based fintech company X Infinity Crypto Exchange has funded $20.5 million in a private sale round, making it greater than it’s $18 million targets, to create a cryptocurrency wallet for managing transactions internationally. The company is making arrangements to launch a physical debit card by the 4th quarter of 2018, which will support the transactions. The card will be able to manage at all main worldwide ATMs and outlets. With more than 800 crypto amounts of money in the market, X Infinity pursues to set up a platform where blockchain assets can be managed in a safe, actual manner.

Presently, the platform delivers business intelligence and advertising tools for commercial users. Some of the tools contain understanding into user preferences, ability to offer reward points, preference for the cryptocurrency, automatic reductions, and lots more. The tools can all be retrieved via the X-Infinity App and are well-matched with point-of-sale equipment.

Another amazing feature of the platform is that it mixes well into day-to-day life. Those who use it will be capable to conduct both online and offline transactions with negligible fees. Also, the merchants and customers do not require POS hardware and they’ll notice that the X Infinity Crypto Exchange debit card is the same as a normal card.

X Infinity CEO Eddie Chong stated that the handling time on the X Infinity wallet is just about a second, far more rapid than the additional models like bitcoin which typically takes 78 minutes while Ethereum takes just six minutes. On August 8, 2018, X Infinity also started its initial coin offering with plans to use the profits for emerging technology and for commercial expansion.

As per the news published in BTC Manager, going forward, this X Infinity crypto exchange is planning to get recorded on at least 3 major cryptocurrency exchanges.

The post X Infinity Crypto Exchange Raises $20.5 Million Through Private Sale appeared first on OWLT Market.

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