The DigitalBits blockchain network (XDB) is ideal for secure and low-cost global transactions. This blockchain protocol and network layer also support various use cases including the tokenization of branded cryptocurrencies, including branded stablecoins.
Zytara is the latest company to announce their intended use of the DigitalBits blockchain for their Zytara dollar (ZUSD) stablecoin. ZUSD is issued by a regulated financial institution and redeemable on a 1:1 basis for US dollars. ZUSD is money for the gaming industry and beyond. It’s a programmable dollar that moves at the speed of the Internet to and from anywhere in the world, designed for the future of finance, esports and gaming.
ZUSD was launched in partnership by Zytara and Prime Trust and is also support by other top global companies.
ZUSD initially launched on the Ethereum blockchain. The upcoming version of ZUSD powered by the DigitalBits blockchain is well positioned to eliminate significant friction of payments across the global esports tournaments that currently exists with prize money payouts. Also supports financial literacy and financial inclusion globally. DigitalBits blockchain is being embedded into the online gaming industry, with over 2.7 billion gamers worldwide.
Al Burgio is the Founder of DigitalBits and Zytara who has a track record of serial entrepreneurship with software-defined interconnection across the Internet. “We are excited to see BiKi announce their support of DigitalBits and the listing of XDB,” said Michael Gord, Managing Director of the XDB Foundation. “BiKi is the first global exchange to list a XDB/ZUSD trading pair. This joint listing demonstrates BiKi’s support for innovation, as well as the wider gaming community.”
There is a huge anticipation from DigitalBits community for more strategic brands and partnership announcements that leverage the DigitalBits blockchain for branded stablecoin use within the esports and gaming industry. In addition to other use cases, the DigitalBits blockchain network is also focused on supporting the global esports industry in many ways including:
- Monetization of in-game currency across a global ecosystem
- Enable real-time payment transfers 24/7/365
- Resolve many of the issues with global tournament prize payouts
- Enhance fan engagement
- Programmable incentives for gamers
Ethan Ng, CEO of BiKi Southeast Asia said “BiKi is excited to support further adoption of ZUSD as the stablecoin for esports and gaming industry, their launch with world renowned brand Dignitas is the start of their promise. With the ZUSD and XDB listing, this demonstrates our strategic partnership to see more brands jumping onto the cryptocurrency industry to grow mass adoption.”
BiKi.com will be launching XDB/ZUSD trading pair as first global exchange on 1 Feb 2021.