Former Revolut executive Andria Evripidou has launched XDA.io – an innovative union of crypto and payment services dedicated to the iGaming industry. The platform provides easy access to payments in crypto and traditional currencies through a single application.
Designed with optimization and compliance in mind, XDA.io responds to the growing demand for a flexible and easily usable financial ecosystem in the gaming context. Evripidou commented on the launch: “Mainstream sectors have never really endorsed crypto currency, but the gaming community has adopted it and thrived. It’s time for a financial platform that caters to the unique needs for both crypto and fiat accounts in one gaming friendly place.”
In related news, Saudi Arabia’s NEOM initiative proposed a significant $50 million investment in Web3 gaming and investment company, Animoca Brands. Half of the investment will be through convertible bonds with a maximum conversion price of 4.50 Australian dollars per share, while the other half will be for the acquisition of Animoca shares from the secondary market. Animoca Brands will work with NEOM to develop Web3 business services with global impact, focusing on technology growth in Riyadh and in the NEOM area.
Fiat24, a blockchain-regulated bank in Switzerland, recently conducted an assessment on the governance of Uniswap DAO to gain approval to issue a Visa card with the Uniswap logo. Operating on the Ethereum L2 Arbtrium network, the card is set to be available in 27 markets in European Union countries, with plans for further expansion to Latin America and Southeast Asia.
Fiat24 will exchange ETH for Circle’s USDC stablecoin on Uniswap and transfer the token to fiat gateways, enabling real-world payments. This on-chain bank, with a Swiss banking license, can legally serve some European markets and handle cross-border transactions, demonstrating a commitment to strategic and regulated expansion in the digital financial sector. Leveraging the global daily forex trading volume of $7.5 trillion, it is expected that efforts and costs related to the card will not be borne by Uniswap DAO, with Fiat24 fully covering these expenses.