London - 04/28/2021 — London April 28, 2021, Excelon Financial Services (https://excelon.io) announces the upcoming release of its XLON Chain (https://xlon.org) to further enhance its digital payments platform and advance blockchain technology into the global financial services ecosystem.
The XLON Chain is based on the Ethereum Blockchain with some significant enhancements that improve its scaling, speed, cost, carbon footprint, governance and offer regulatory compliance and set the ground for the upcoming CBDC (Central Bank Digital Currencies) adoption.
The XLON Chain will be operated and controlled by "XLON Foundation" which will be managed by a board of directors, with diverse experience and proven record in the financial, technology, legal, regulatory andacademic sectors, to ensure prudent strategy execution and transparency.
Apart from its focus on the continued blockchain technology improvement, XLON Foundation will focus on growing its partnerships, user community and enhance the mass adoption of decentralized transactions and applications.
The key features of the XLON Chain are:
George Koronias, Excelon’s Chairman stated: “We are excited to announce the upcoming release of XLON Chain which will enlarge our fintech ecosystem by adding decentralized payments, driven by the utility XLON Coin, and advancing the use of Blockchain technology into the decentralized - regulatory compliant – payments era. Digital currencies regulation is already progressing, and Central Banks are embracing CBDCs, as the next nature of monetary instruments”.
For more info visit: https://xlon.org
Established in 2018, London-based Excelon Financial Services Ltd offers next-generation banking experience that bridges traditional and digital currencies. Excelon provides digital wallet for FIAT and cryptocurrencies with a MasterCard/ Visa, IBAN accounts along with a powerful FIAT/ Crypto exchange and wallet service. Additional services, such as business accounts, crypto Earn Deposits and Credit together with native staking, cryptocash and cryptospend features, add an enormous value to Excelon’s Ecosystem. Finally, the addition of XLON Chain and the XLON coin, acting as a native utility coin for all types of transactions, offer unlimited of opportunities for users who are entering the decentralized finance era. For more info visit https://excelon.io
Media Contacts:Company Name: Excelon Financial Services Ltd