$XDC Ventures (XVC Tech), the US$125 million enterprise capital arm of $XDC Community, has made a strategic funding in ScallopX, a worldwide fintech platform that connects conventional monetary providers with digital property. Via the deal, native $XDC and $USDC on $XDC Community will energy Scallop pay as you go playing cards, Apple Pay spending, fiat and stablecoin on- and off-ramps, multi-currency accounts and foreign money swaps, alongside cross-border payouts to greater than 70 markets.
“Blockchain’s subsequent wave of adoption will not come from buying and selling. It’ll come from individuals paying for groceries, companies settling invoices and, more and more, AI brokers transacting on their behalf,” says Ritesh Kakkad, Co-Founder, $XDC Community. “That solely occurs when digital property run on regulated, compliance-ready rails that hook up with real-world funds. ScallopX provides $XDC and $USDC a direct path into playing cards, fiat accounts and cross-border payouts, and positions us for what comes subsequent in agentic AI and ISO 20022 monetary messaging.”
Past shopper funds, $XDC Ventures and ScallopX plan to discover white-label cost tremendous apps for banks, fintechs and builders, combining fiat accounts, playing cards, stablecoin wallets, ISO 20022 messaging and agentic AI funds. Constructed on $XDC Community’s quick, low-cost settlement, these would assist companies launch monetary merchandise quicker and automate cross-border transactions.
