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Xend Finance launches crypto banking app that enable savers hedge against inflation

Xend Finance launches crypto banking app that enable savers hedge against inflation
Written by publisher team

Xend Finance, a fast-growing startup that uses decentralized finance (DeFi) to solve currency devaluation and inflation, has launched the first global cryptocurrency banking app from Africa. The blockchain-based application allows users to save in stablecoins, in order to hedge against inflation and currency devaluation. The app is now available on all iOS and Android stores.

The official launch of the Xend Finance app guides us into the era of blockchain banking. Seeing the ongoing transition from traditional banking to digital banking, Xend Finance takes us into a whole new terrain with crypto banking. The totally interesting part about this is that it solves a real problem and people experience it.

Looking at the economic climate of Nigeria, we have seen a massive rise in inflation. This means that the value of the naira has fallen dramatically in the free fall economy we have plunged into.

Given this reality, Xend Finance could not have come at a better time.

What does the Xend Finance Crypto Banking app do?

Simply put, Xend Finance app helps users save dollars and earn up to 15% annual compound interest.

With this crypto banking app, users can convert their local currency (Naira) to Dollars (BUSD) and save.

The app offers two savings plans – Fixed and Flexible.

1. Fixed savings:

With the Fixed Savings Plan, users can lock in their savings for a period of time and earn up to 15% compound interest on their savings. During the fixed savings period, users cannot withdraw from this plan until the maturity date. Static savings users also earn additional XEND tokens, a cryptocurrency that is traded on major crypto exchanges.

2. Flexible savings:

In Flexible Savings Plan, users can save on this plan and earn daily benefits. Flexible savings plan allows users to withdraw at any time. These withdrawals do not affect the interest earned on the savings plan.

The best thing about Xend Finance is how easy and smooth it is to save on the platform. You can actually register, fund your wallet and start saving right away. Xend Finance also gives a referral bonus of $2 when you sign up new users using your referral code/link. Referred person is also not left out, you get $1 to start your savings experience.

How do you start?

To get started, simply go to the Apple App Store or Google PlayStore to download the app.

Click here to download on iOS –

Click here to download on Andriod –

Sign up and start saving your way out of inflation.

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publisher team