Xend Finance secures 100K users & facilitates currency conversion

Xend Finance secures 100K users & facilitates currency conversion

Nigeria-based Decentralized Finance (DeFi) platform, Xend Finance has announced that it has successfully crossed 100,000 users on its savings platform and has simultaneously announced that the platform will henceforth offer savings in local currencies, Ghanaian Cedis (GES), and Kenyan Shillings (KES).

In addition to this, the platform will also allow users to easily convert their cryptocurrency back to local currency, either Cedis or Shillings.

Launched in March 2021, Xend Finance has gathered users after the platform deployed its free mobile application for Android and Apple devices in December 2021.

Speaking on the breakthrough achievement, Ugochukwu Aronu, CEO of Xend Finance, mentioned that the Xend team dedicated the first year of its inception to push code and making the platform highly secure with audits whilst developing a product capable of offering the best interest rates to its users.

After shifting the focus on acquiring users, Aronu reported significant success in appealing to first-time crypto purchasers and savers and added that the platform’s growth can be credited to the ongoing fluctuations in the native currency.

Members can leverage the Xend Mobile App to convert their local fiat currency to stablecoins, and American dollars, tapping into the highest annual percentage yield (APYs) across Binance Smart Chain (BSC), & Polygon by either staking or freezing crypto for a certain amount of time.

Moreover, the Xend Mobile App also poses as a DeFi wallet, while it continues to allow the peer-to-peer purchase of cryptocurrency with fiat and vice versa.

Meanwhile, the savings and swapping offering for Cedis and Shillings is accompanied by the latest billboard campaigns and university roadshows across both Kenya and Ghana. 

For the unversed, the new billboard campaigns are in line with the current campaigns led in Nigeria, which have showcased more than 50 billboards of Xend Finance.

As a global crypto bank offering up to 15% interest, Xend Finance provides an open Web3 infrastructure for developers and allows members to earn multiple levels of interest on their savings with seamless crypto/fiat to stable cryptocurrency conversion experiences.

Source Credit: https://bitcoinke.io/2022/06/xend-finance-hits-100k-users/