Virtual currency DigitalBits (XDB)-Explanation of features, future prospects and future potential

DigitalBits (XDB) is a blockchain that aims to transfer digital assets at high speed and low cost.

We have tie-ups with famous soccer teams, etc., and have gained a certain level of name recognition, especially overseas.

This time, we will explain the features and future outlook of DigitalBits (XDB), so please take a look to the end.

table of contents

What is the virtual currency DigitalBits (XDB)?
Four features that make it easy to understand the virtual currency DigitalBits (XDB)

Supports transfer of digital assets
Provides bridging functionality
Partnerships with companies and celebrities
Scheduled to support XDB payment

Future Prospects and Potential of Virtual Currency DigitalBits (XDB)
Summary of virtual currency DigitalBits (XDB)

What is the virtual currency DigitalBits (XDB)?

Crypto Asset Name	Digital Bits
Symbol	XDB
Price (as of November 2022)	0.8365 yen
Market capitalization ranking (as of November 2022)	751
Release	2017
Purchasable cryptocurrency exchange	KuCoin, Gate.io, Uniswap, etc.
Official site	https://digitalbits.io/

As of November 2022 Data source: DigitalBits (XDB) price, chart, market capitalization | CoinMarketCap

DigitalBits (XDB) is a virtual currency that was created in 2017 by forking the Stellar blockchain.

It promotes the liquidity of various digital assets and plays a role in raising awareness of the project.

Let's take a look at the features in more detail below.

Four features that make it easy to understand the virtual currency DigitalBits (XDB)

The following four features give a good overview of DigitalBits (XDB).

Supports transfer of digital assets
Provides bridging functionality
Partnerships with companies and celebrities
Scheduled to support XDB payment

Supports transfer of digital Assets

DigitalBits (XDB) tokenizes various digital assets and supports transfers.

For example, by tokenizing shop coupons and points and transferring them, they can be used anywhere, regardless of shop boundaries.

It is difficult to accumulate points with a general point card, and it may take up space in your wallet. However, DigitalBits (XDB) manages points collectively with a dedicated smartphone app and makes them available by exchanging them for XDB tokens.

This is a very convenient system for users, as points can be used with a single smartphone at affiliated shops.

Provides bridging functionality

DigitalBits (XDB) has a bridging function. Bridge means "bridging" and is to exchange different tokens.

Famous bridge tokens include Ripple (XRP), but XRP mainly supports fiat currency bridges.

On the other hand, DigitalBits (XDB) is characterized by supporting minor token bridging. Even tokens with low circulation can be bridged through XDB tokens.

Partnerships with companies and celebrities

DigitalBits (XDB) has partnerships with many companies and celebrities.

In particular, soccer-related partnerships are conspicuous, and on July 27, 2021, a partnership with Italy's Serie A professional soccer team "AS Roma" was announced.

Also, on March 24, 2022, former England professional soccer player `` David Beckham '' has been appointed as an ambassador of DigitalBits (XDB).

As those familiar with football know, the above "AS Roma" and "David Beckham" are very influential teams and people.

In recent years, many virtual currency projects and football-related companies have signed contracts, and DigitalBits (XDB) is also attracting attention.

Scheduled to support XDB payment

The XDB token issued by DigitalBits is planned to be used as a payment currency.

We mainly plan to partner with brands and sports teams to allow NFTs such as digital cards and digital items to be purchased with XDB tokens.

If XDB tokens are required to purchase exclusive items, the increased demand could drive prices up.

Also, it is decided that sales proceeds will be donated to a charity organization, so it is also a good point that it leads to social contribution.

Future Prospects and Potential of Virtual Currency DigitalBits (XDB)

DigitalBits (XDB) mainly partners with soccer-related companies and may increase the number of partners in the future.

However, it is also true that there are major challenges in conducting sponsorship business.

In fact, DigitalBits (XDB) used to be the main sponsor of Italy's Serie A prestigious team "Inter Milan".

However, it is now excluded due to DigitalBits (XDB) not paying the signing fee. Inter Milan is a world-famous team, so the incident left DigitalBits (XDB) with a very bad impression.

Going forward, fate will depend on whether DigitalBits (XDB) can regain trust.

Summary of virtual currency DigitalBits (XDB)

This time, I explained the features and future prospects of DigitalBits (XDB).

The gist of this article is:

DigitalBits (XDB) supports the transfer of any digital asset
XDB token is expected to be used as payment currency
We have partnerships with mainly soccer-related companies.
There is an urgent need to restore trust due to cases such as the deprivation of sponsors

DigitalBits (XDB) is not handled by domestic exchanges. If you want to trade, use KuCoin, an overseas exchange.