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Chimoney has announced ChiSpend (beta public), a new xApp embedded in XUMM Wallet that allows crypto holders to directly spend on mobile money, airtime, gifts cards and more in the wallets they already use.
ChiSpend is enabling spending of crypto directly without banks and should further deepen users in jurisdictions such as Nigeria and China where financial institutions including banks are barred from allowing crypto account holders to operate.
ChiSpend offers a new way for cryptocurrency enthusiasts to spend XRP on products and services right from your XUMM Wallet, without leaving the XRP ecosystem. You will enjoy spending for yourself or even send a gift to anyone in the world. The list of items that can be purchased is updated constantly to provide you with a variety of new experiences, from buying food to booking a trip and paying for subscriptions.
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Speaking from Maimi, Florida, Uchi Uchibeke, Founder of Chimoney, said that “many people hold cryptocurrencies but are unable to directly spend it on products and services that they want to purchase. They have to cash-out to the bank, waste time and pay high fees. We are excited to build solutions to enable Wallets to unleash utility for their users”. “Our Xumm wallet integration is the first of many wallets”, he adds.
Features and benefits of ChiSpend include:
- Spend cryptocurrency like XRP on 300+ gift cards, mobile money, airtime, popular products and services, and still counting.
- Spend for yourself or send it as a gift to anyone in a few clicks.
- Gift non-profit charities with your crypto.
ChiSpend xApp (beta public) is available starting from November 24, 2021 with more updates launching by January 1, 2022. Join this exciting moment with Chimoney. Gifts awaitings for users who provided feedback with a hashtag #SpendWithChi. Check out Chimoney’s social media to participate in this campaign.
With XUMM Wallet on your device, you can enjoy ChiSpend experience by clicking this link
