Cryptocurrencies for bill payments available via new platform

KUALA LUMPUR – xSpend has finally arrived in Malaysia, enabling their users to spend cryptocurrencies to pay for bills.

The company owning xSpend, XLD Finance, recently announced that the platform is finally launched in Malaysia, allowing for users to use their play-to-earn GameFi tokens to pay over 350 billers and utilities.

According to the company’s statement, xSpend made its debut in other countries like the Philippines, Indonesia, India, Vietnam and Bangladesh before arriving in Malaysia.

XLD Finance had additionally announced a new feature known as Solana. The feature would enable the users to connect their Phantom wallet with the details of their bills and simplify their bill payment experience with faster transactions as well.

Chief Executive Officer of XLD Finance, Ian Estrada, explained that xSpend would help solve a long-standing issue faced by the cryptocurrency community – difficulty spending their cryptocurrencies.

“We are excited to be able to enable users to spend their cryptocurrency assets directly in order to pay for real-life necessities through a secure platform,” he added.

The statement also explained that users are able to perform transactions with a multitude of digital currencies such as SD Tether (USDT), USD Coin (USDC), DAI, Axie Infinity Shards (AXS), Smooth Love Potion (SLP), Binance Coin (BNB), MATIC, YGG Token, Terra USD (UST), Pegaxy Stone (PGX), Vigorous (VIS), and Cyblock Battery Token (CBT).

These cryptocurrencies are accepted for payments to a wide variety of billers in Malaysia including Astro, Indah Water Konsortium, Pengurusan Air Selangor Sdn Bhd (Syabas), Telecom, and Majlis Amanah Rakyat as well as telecommunications companies such as Maxis, Digi, Celcom and U Mobile among others.

XLD Finance additionally announced their introductory promotions with first time Malaysian xSpend users and Solana wallet holders standing a chance to win a giveaway of up to US$2,500 worth of prizes.

XLD Finance is a stablecoin-based ecosystem that wants to drive financial inclusion with real-world financial services with its headquarters located in the Philippines.

Disclaimer: Readers and investors are advised to exercise due care and be responsible for their own decisions when using any platform either for investment or payment purposes.

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