Zand has announced the adoption of the XDC Network as part of its strategy to enhance blockchain-powered payment infrastructure. The move reflects Zand’s focus on building faster, more efficient, and cost-effective digital payment solutions for businesses and financial institutions.
Strengthening Payment Efficiency
By integrating the XDC Network, Zand aims to improve transaction speed, reduce settlement times, and lower operational costs associated with traditional cross-border payments. Blockchain-based infrastructure allows near-real-time processing while maintaining high levels of security and transparency—key requirements for modern financial services.
Why XDC Network
The XDC Network is designed specifically for enterprise and trade finance use cases. Its hybrid blockchain architecture combines the benefits of public and private networks, making it well-suited for regulated financial environments. For Zand, this enables seamless integration with existing banking systems while unlocking the efficiencies of distributed ledger technology.
Impact on Cross-Border and B2B Payments
The adoption is expected to significantly enhance cross-border and business-to-business payments. Faster settlement cycles, reduced reliance on intermediaries, and improved traceability can help businesses manage cash flow more effectively and reduce friction in international trade transactions.
Aligning With the UAE’s Digital Finance Vision
Zand’s move aligns with the UAE’s broader push toward digital transformation and blockchain adoption in financial services. The country’s supportive regulatory environment has encouraged banks and fintechs to explore blockchain solutions that promote innovation while maintaining compliance and security standards.
Looking Ahead
As blockchain adoption accelerates across the global financial sector, Zand’s integration of the XDC Network positions it at the forefront of next-generation digital banking. The initiative is expected to pave the way for additional blockchain-enabled services, including tokenized assets, smart contract-based settlements, and enhanced trade finance solutions.
Conclusion
Zand’s adoption of the XDC Network marks a significant step toward modernizing payment infrastructure through blockchain technology. By focusing on speed, efficiency, and enterprise-grade solutions, the bank is reinforcing its commitment to shaping the future of digital payments in the UAE and beyond.
