Gifto & InfiniteX: Working together towards mass adoption of crypto

Gifto Official
Apr 10 · 2 min read

Two weeks ago we announced that Gifto had become the platform token of InfiniteX, a new compliant fiat-crypto exchange based in Australia. We wanted to take a moment to share more about the significance of this milestone and how it is tied to Gifto’s plans for mainstream adoption.

We’re Building What Matters — Fiat Access to Crypto

First — as a project under the Asia Innovations Group umbrella (Note: Asia Innovations backs Gifto), InfiniteX was built with support from the Gifto team. Part of what’s special about the Gifto team is we will pursue opportunities both huge and small to advance our long-term vision for mainstream adoption of the Gifto token, and one of the core bottlenecks to that adoption is the ability of mainstream users to easily and quickly purchase Gifto.

While we have had lots of support from other exchanges and payment gateways, we wanted to do more; so we helped build an exchange. Beyond being the platform token of InfiniteX, Gifto plans to leverage the exchange’s compliant crypto-purchase technology to put the Gifto token at the forefront of connecting mainstream users and capital with crypto-tokens.

Over the past year many companies in traditional industries have approached Gifto with keen interest, seeing our project as one of the few tokens with real, live, operating applications. More of these companies are coming to us for partnerships and expansion, but they also face the issues of basic, compliant access to Gifto for their users.

This is why InfiniteX is interesting. AUD is one of the few free floating currencies in Asia market, in Asian timezones. And even though it’s based in Australia, InfiniteX is open to most citizens around the world, enabling a bigger access to fiat than the location/jurisdiction would suggest. It is in fact, the most open access for Western users.

With InfiniteX, Gifto Has New Opportunities

This means we can explore huge opportunities for Gifto, such as:

  • Executing on global fiat-to-Gifto top-up directly in the Gifto wallet
  • New ways to reward creators online, for example, a digital Creators’ Bank backed by Gifto and fiat
  • Tokenizing creators and their revenue streams
  • Backing Gifto with a Gifto stablecoin

Our team is actively exploring these and other opportunities alongside our work of growing Gifto across the Asia Innovations Group products to realize the goals of our whitepaper vision as well as our updated Gifto 2.0 vision of mainstream adoption of Gifto, and InfiniteX is an important part of this work.

Over the coming months we look forward to sharing more progress with InfiniteX and other fiat access/on ramps. Stay tuned!

Links

Gifto Official

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