XEND FINANCE HELPS CREDIT UNIONS SAVE AND INVEST IN STABLE CURRENCIES
A Nigerian startup Xend Finance uses decentralized finance to address currency devaluation. It gives credit unions, and cooperatives access to the global money market to save and invest in stable currencies, such as the US dollar.
Backed by Binance, Google Launchpad, Xend Finance is the first decentralized finance Smart Chain-built company to launch out of Africa.
For more insight, Africa 54’s Technology Correspondent Paul Ndiho, via Skype, spoke to Aronu Ugochukwu, CEO and Cofounder Xend Finance, based in Enugu State, Nigeria.