BlockBank partners with Xend Finance to provide a FIAT gateway, enabling users to access Xend Finance’s protocol via BlockBank’s Mobile app
BlockBank is pleased to announce that we have partnered with Xend Finance, a global DeFi platform for credit unions and cooperatives bringing higher interest and stable cryptocurrency savings opportunities to underserved regions around the world. The protocol also enables users to create their own credit unions and cooperatives, eliminating traditional middlemen.
BlockBank will provide AI tools and enable all users to access the Binance-backed platform bringing DeFi services to Xend Finance partners and members through the BlockBank application. Additionally, BlockBank is working on a fiat on/off ramp for African users and lists $XEND, the native token of Xend Finance in the application.
“We’re always looking for ways to provide higher APY savings opportunities to our users,” said Ugochukwu Aronu, CEO of Xend Finance. “BlockBank has an incredible UI and easy-to-use interface that provides our members with up to 30% APY through the BlockBank app.
Xend Finance aims for financial inclusion in the developing world by converting deposits into crypto and harvesting yield on DeFi platforms like Compound, Maker, Venus, DeFi Dollar, ForTube, and AAVE. With this partnership, Xend Finance users will be able to make better decisions by offering BlockBank’s patented AI Robo-advisor monitors, which gathers and provides data in real-time based on user’s investment preferences to maximize gains and minimize unnecessary losses.
About Xend Finance
Xend Finance provides the tools and platform for a decentralized financial credit union, regardless of geographic location and the home country currency. Members can earn multiple levels of interest on their savings by seamlessly swapping their crypto or fiat currency to stable cryptocurrencies and staking — the process of locking up crypto assets to earn yields — on lending platforms so members can earn compound interest on their money. The Xend Finance platform is the first decentralized finance (DeFi) credit union.
The team is made up of experienced professionals with backgrounds in mathematics, finance, cryptography, and blockchain development, working for some of Africa’s largest employers, including KPMG, Chevron, and Stanbic Bank. Xend Finance is headquartered in Enugu, Nigeria.
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About BlockBank
BlockBank is developing an AI-powered, traditional mobile banking experience with seamless crypto integration.
BlockBank’s vision is to create an all-in-one crypto application that simplifies the user experience without compromising security, privacy, or decentralization. We aim to combine the best of DeFi and CeFi worlds in one place, incorporating patented AI technology to bring financial empowerment to clients.
