Swiftcourt Launches Blockchain Escrow Payment in Sri Lanka with XVC Tech & XDC Network

Swiftcourt Launches Blockchain Escrow Payment in Sri Lanka with XVC Tech & XDC Network

Play To Earn Games | 02 Jul 2024 10:12 UTC

A New Horizon: How Blockchain is Redefining Secure Transactions

Imagine a world where buying and selling between individuals is as secure and seamless as transactions with large, established retailers. This isn't just a distant dream anymore. Swiftcourt, a trailblazer in the consumer-to-consumer (C2c) transaction space, is at the forefront of making this a reality across Europe. Since its inception in 2017, Swiftcourt has redefined secure transactions, amassing over 700,000 secure exchanges and delighting more than 1.5 million Europeans with a TrustScore of 4.8.

Building on its success, Swiftcourt secured a €2M seed round last year, funded by XVC Tech, a company synonymous with pioneering investments in the Web 2 to Web 3 transformation. This partnership is not just an investment but a shared vision to revolutionize global marketplace transactions.

Accelerating Global Growth with Blockchain Technology

The synergy between Swiftcourt and XVC Tech is charged with the potential to scale Swiftcourt's proven C2C framework globally. By integrating blockchain technologies, particularly through the XDC Network, Swiftcourt is enhancing its digital contracts and escrow payments with unmatched scalability, security, and transparency. The evolution includes deploying smart contracts for escrow processes and utilizing NFTs and utility tokens for seamless goods exchange, irrespective of banking delays.

Expansion into South Asia

Swiftcourt's blueprint for growth extends beyond Europe, with an ambitious eye on South Asia. The company's inaugural venture into this vast market begins in Sri Lanka, a strategic choice as a testing ground before tackling the Indian marketplace. According to Johan Hedén Hultgren, Swiftcourt’s Co-CEO, "Sri Lanka is the perfect test bed for launching our first blockchain-based escrow payment service before entering the massive Indian market." The launch, supported by XVC Tech funding, marks a significant milestone in Swiftcourt’s journey towards international market penetration.

Upcoming Partnership and Future Plans

With an aura of anticipation, Swiftcourt teases an imminent, major partnership in the Sri Lankan market, set to enhance secure transactions across the island. While details remain under wraps, the potential for such collaboration underscores Swiftcourt’s commitment to providing secure, efficient transaction solutions. Additionally, with a solid foothold in the EU through digital sales contracts and open banking-based escrow payments, Swiftcourt is set to launch a new funding round to fuel its global expansion aspirations.

In the era of digital transformation, the convergence of traditional C2C transactions with blockchain technology represents a groundbreaking shift. Swiftcourt’s innovative approach not only promises enhanced security and efficiency but also opens up a realm of possibilities for consumers worldwide. As Swiftcourt expands its services, supported by strategic partnerships and investments, the global marketplace is on the brink of a new era of transactional safety and convenience.

What makes this revolution particularly exciting is the potential for blockchain technology to democratize secure transactions, making them accessible to everyone. By ensuring the integrity of each transaction, blockchain technology minimizes the risks associated with online C2C transactions, fostering a trust-based environment that encourages more people to participate in the digital economy.

As we look forward to Swiftcourt’s future endeavors, the landscape of global e-commerce stands at the threshold of significant change. With blockchain technology at its core, Swiftcourt is not just facilitating transactions; it is building bridges between people and markets, enabling a seamless flow of commerce that transcends geographical and financial barriers. The journey ahead is promising, and the possibilities are endless, as Swiftcourt leads the charge towards a more inclusive, secure, and transparent marketplace for all.

In summary, the fusion of Swiftcourt's proven transactional expertise with the groundbreaking potential of blockchain technology is setting the stage for a new era in global commerce. As Swiftcourt embarks on its ambitious expansion into new markets, the future of secure, efficient, and accessible transactions looks brighter than ever. The anticipated partnerships and technological advancements promise to unlock unparalleled opportunities for consumers and redefine what's possible in the digital marketplace landscape.

The global marketplace is evolving, and Swiftcourt is at the helm of this transformation. With its innovative approach and forward-thinking partnerships, Swiftcourt is not just navigating the future of secure transactions; it's creating it. The digital economy is ripe for change, and Swiftcourt's pioneering spirit is leading the way. As we embrace this new horizon, the promise of a connected, secure, and efficient marketplace is becoming a tangible reality for consumers around the world.

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