– Elitedias leveled up, offering new payment options catered to local preferences – The game top-up company expanded to 3 countries – Malaysia, Indonesia, Australia – Homegrown users has grown 5x within 3 months of integration HONG KONG – January 2022 – Elitedias, the Singapore-based game credits top-up platform launches new payment options with XanPay across Southeast Asia to differentiate themselves in the competitive gaming landscape. Gaming has become very popular during the pandemic. Up to 40% of the world’s top gaming markets are located in Asia and Elitedias was born to cater to this exact demand. The game credits top-up brand first started selling the credits on Carousell to their friends, cheaper than what the Apple’s AppStore or Google’s PlayStore were offering. In a few months, they quickly realized that this would benefit a much bigger gamers market than they had anticipated. Elitedias team has a strong focus on their homebase market, Singapore. Apart from the usual credit card options, they look to include local payment method options to suit modern preferences. Despite XanPay being one of the newest payment options, the team observed an increasing number of users who chose it as their checkout method. They also developed a strategy to retain users. When users encountered PayNow QR payment issues on another payment gateway, they are redirected to the XanPay option to ensure purchase can still be completed seamlessly. This has greatly prevented the loss of both their existing users and new users in unexpected situations. Opening new doors in the Asian market Southeast Asia’s (SEA) region is the fastest-growing mobile games market in the world, boasting a year-on-year growth of +17.4% with $2.6 billion revenue. XanPay specializes in offering widely adopted alternative payment methods in this market. Prior to XanPay, Elitedias was focusing mainly on the Singapore market. By using a simple no-code WooCommerce plugin integration from XanPay, the team quickly uncovered new markets in SEA. Cross border payments came streaming in from Malaysia, Indonesia and Australia within the month of integration. After a few months, the number of transactions from these new markets has increased more than 5x and the volume has grown over 10x month-on-month. The rapid pick-up has demonstrated how widely adopted and familiar are the users to these alternative payment methods offered by XanPay in various countries. Users knew intuitively how to checkout and make easy payments. “It is very exciting acquiring users from new countries using XanPay. This has given us a head start to grow in strong gaming markets such as Indonesia. The SEA region is booming and we look forward to taking our business to the next level.” – Jordan Chen, Co-founder of Elitedias Achievements Casual gamers of Elitedias in Singapore who uses XanPay has grown 5x in 3 monthsRetained users who encounter PayNow issues on other payment gatewayExperienced immediate payment adoption in 3 new markets with one integration – Malaysia (MYR), Australia (AUD), Indonesia (IDR)Volume of transactions from the new markets is increasing rapidly month-over-month For more information about XanPay’s services in the gaming industry, please visit here. About XanPay XanPay is a unique payment gateway specialized in serving global customers locally. We partner with organizations and small businesses to scale quickly and achieve outcomes through modern cross-border payment solutions. For us, modern means widely adopted, seamless, convenient and secure. As a fast-growing payment company, we built connections across 490 local banks in over 10 countries, enabling any businesses to accept easy payments competitively. Shaping the next-generation payment landscape by bringing greater financial access. For more information, visit Linkedin: https://www.linkedin.com/company/xanpay/ Facebook: https://www.facebook.com/XanPayOfficial YouTube: https://www.youtube.com/channel/UCOmtkZ6cwwamzmQ_iViuzeA Website: https://xanpay.com/ Media Queries Carrine Eng, Marketing & PR Manager Email: marketing@xanpay.com SOURCE: XanPay
SINGAPORE, Jan 20, 2021 - (ACN Newswire) - Bit.com, the secure and high-performance derivatives exchange by Matrixport, will be launching Bitcoin Cash (BCH) perpetual swaps and options. BCH options trading will go live on 01 Feb 2021, following the launch of BCH perpetual swaps on 20 Jan 2021.Bit.com's offering of Bitcoin Cash options is the first of its kind in the industry. Bitcoin Cash has been in the limelight as one of the major cryptocurrencies recognized by institutions, and constantly ranks No. 6 or 7 on the Top 10 list. However, there has been no options market for BCH and the liquidity of the perpetual swaps also has room for improvement. To put things into perspective, Bitcoin (BTC) and Ethereum (ETH) derivatives market grew tremendously during the past few years, and so did their relative shares of the underlying spot trading volume. Currently, the cryptocurrency perpetual swaps market is dominated by BTC, which accounts for ~53% of the market share, while ETH attributes to 20%. BCH takes only 1% of the crypto perpetual swap market share, which is disproportionate to the relative market share of the underlying asset. Similar for options market, market is hugely dominated by BTC (accounts for ~90%) while ETH takes up the rest, the options market for other major crypto and/or altcoins are close to non-existent. In short, the BCH derivative market is far from maturity compared to its size and underlying price volatility. With Bit.com's product launch, this gap in the market will soon be filled.About Bit.comBit.com is an institutional-grade derivatives exchange launched by Matrixport, a one-stop financial services company based in Singapore. Since its inception in August 2020, Bit.com has launched BTC and ETH perpetual swap and options, which are greatly welcomed and actively traded by both institutional and individual users. In the first five months of its launch, Bit.com's total transaction volume exceeded USD 6 billion and is on the way to take a bigger market share. At the moment, the exchange records between USD 100-200 million trading volume on a daily basis. With industry-leading technology, security and risk management, Bit.com aims to provide users with a superior trading experience and best-in-class liquidity. The platform has strategically positioned itself to serve both institutional and individual users around the world that includes miners/hedgers, prime brokers, proprietary traders and hedge funds. This diverse customer base enables Bit.com to provide more efficient and representative price discovery, which ensures the most competitive spreads. In terms of security, Bit.com's system is built by a world-class team of risk management and IT experts. Furthermore, funds of the platform are backed by a compliant institutional custodian--Cactus Custody, in pursuit of the highest grade of security.With its first-in-class product offers and performances, Bit.com has been recognized as one of top cryptocurrency derivative exchanges. According to data from Skew, Bit.com is the second largest cryptocurrency option exchange in the world in terms of the turnover as well as the open interest.Why did Bit.com decide to enter the BCH derivatives market?As one of the major cryptocurrencies widely traded by institutions, Bitcoin Cash has good potential and huge market demands. Not only does BCH rank among top 10 cryptos in terms of market cap, the number of active addresses has also been growing overtime. More importantly, Bitcoin Cash is one of the major Proof-Of-Work coins that enjoys vast support from miners. Miners, on the other hand, are a key component of Bit.com's clientele. The launch of BCH derivatives by Bit.com enables miners to hedge against risks associated with BCH volatility, which helps make their operation more stable and efficient. More specifically, miners can lock in profits in advance while generating additional cash flow by selling covered calls; or can hedge against downward price moves by buying protective puts. Users can make use of comprehensive derivative trading strategies made possible by liquid perpetual swap and options market to construct various payoff profiles to best serve their interests.Being the first to launch the product will help Bit.com take a vantage point in this blue ocean market. The current cryptocurrency derivatives market is far from saturated and has great potential to grow in following years, we will continue to see the new pairs listing and improved liquidity, which leads to further expansion of the market. While trading platforms are playing catch-up, Bit.com is providing unique value by building an active BCH derivatives marketplaces on top of the current BTC and ETH markets and adding real users to the game.For more information,please contact: marketing@bit.com Copyright 2021 ACN Newswire. All rights reserved. www.acnnewswire.com