Xend Finance Partners With BlockBank To Bring DeFi Protocol To 45k Users While Providing $XEND Fiat Gateway
We are always looking for opportunities to expand our user base and provide easier access to Xend Finance’s unique DeFi protocols. That’s why we’re excited to announce a new partnership and business integration with BlockBank, who will provide us with AI tools and enable new users to access our platform through the BlockBank application. Additionally, BlockBank is working on fiat on/off ramp for our users and will list $XEND, the native token of Xend Finance in the application.
BlockBank currently counts 45,000 members and over $100m in managed assets before introducing Xend Finance’s unique stable cryptocurrency savings opportunities and high APYs to their users.
“BlockBank has an incredible UI and easy-to-use interface that provides our members with up to 30% APY through the BlockBank app,” said Ugochukwu Aronu, CEO of Xend Finance. “We look forward to reaching a new audience base with easier access to $XEND through mobile platforms.”
We have always aimed 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, our 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.
Xend Finance will be integrated into BlockBank’s app in the next week.
About Xend Finance
Xend Finance provides the tools and platform for a decentralized financial credit union, regardless of geographic location and 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.
