Impel has no plans to release an XRC-20 token on the XDC Network. 

A startup spinoff out of  XinFin  Fintech, Impel is led by CEO and founder  Troy S. Wood  who has been involved with the XDC Network since it was just an idea on a napkin. Wood brings decades of Internet application development experience, as well as a practical business sense for treating customers right by providing quality and dependability, as well as excellent customer service. 

Joining Impel’s team of advisors are both the XDC Network’s founders Ritesh Kakkad and Atul Khekade, as well as SWIFT veteran André Casterman, who spent 24 years at SWIFT, leading various technology innovations in interbank payments, corporate payments, corporate treasury, and trade finance. 

Distributed ledger technology (DLT) is a consensus-based digital system for recording the transaction of assets in which the transactions and their details are recorded in multiple places at the same time. Unlike traditional databases, distributed ledgers have no central data store or administration functionality.

The Observatory is XDC Network’s primary block explorer. It offers much more than a typical block explorer with actions such as:

• Watchlist - receive email notification when an address in your watch list receives an incoming/outgoing transaction.
• Transaction labels - add a personal note to the transaction hash to track it in the future.
• Address tags - personalize and easily recognize addresses of interest.

Visit the Observatory here. 

The XDC Network is a fork of GO Ethereum and it is an enterprise-grade blockchain. However, it is much more efficient and significantly less expensive to use with a 2-second block time (with finality) and up to 2,000 transactions per second (TPS), with near-zero gas fees of $0.00001 (or less) per transaction.

The XDC Network uses military-grade security, as well as forensic monitoring to quickly identify and shut down bad actors before they become a problem. Plus, all validating nodes are Know Your Customer (KYC) compliant.

A gas fee is something all users must pay in order to perform any transaction on the XDC Network. Gas is the term for the amount of $XDC, the native digital asset coin of the XDC Network, required by the masternodes that run the network. Gas fees are usually very inexpensive, around $0.00001 (or less) per transaction, on the XDC Network compared to other layer 1 blockchains.

The XDC Network is a hybrid blockchain equipped with both public and private states. The network is designed to meet the needs of enterprises seeking to enhance their business infrastructure, reduce costs and improve visibility through blockchain technology. As an EVM-compatible and delegated proof-of-stake powered network, it is both developer-friendly and scalable. XDC Network offers compatibility with ISO 20022 financial messaging standards, interoperable smart contracts, near zero fee transactions, double validation and high security, which all power a wide range of novel blockchain use cases.

Access to XDC Network’s software development kits can be found here.

All the code regarding XDC Network is free to consult in their GitHub repository. It includes the code for the XDC Network blockchain client, governance dApp, block explorer, tools, docker images, and documentation.

Absolutely yes! 

Yes, Impel has a self-paced ISO 20022 compliant financial message demo for you to try at your own pace. Access the demo here.

Security is most important at Impel, and transactions are routed through a highly secure API, utilizing a Layer 2 solution that prevents data exposure to unauthorized parties and developed by a team with decades of information technology experience in providing secure technology infrastructure for banks and fintechs. Plus, each validating node on the XDC Network is KYC-compliant and features built-in forensic monitoring to quickly target and eliminate bad actors.

We’ve designed the ISO 20022 financial messaging API to be plug-and-play, so your team can just replace your existing API with Impel’s version. For instant settlement using $XDC or XRC-20 tokens it requires more advanced setup and handling, but our team is ready to help.

Financial Institutions should be using the shift to ISO 20022 to rethink their strategic approach for how payments are integrated into the wider business, infrastructure, and growth strategy. Our highly capable and experienced development team can tailor-fit financial messaging (ISO 20022 compliant standards) and or instant settlement into any business/technology model.

Currently, you can send $XDC coin, the native digital asset coin for the XDC Network. In the future, you’ll be able to send any XRC-20 tokens on the XDC Network, including stable coins.

Any existing organization that already has implemented ISO 20022 financial messaging, as well as organizations in emerging markets or neobanks who can’t afford the high cost of SWIFT or SEPA.  

Corda enables digital trust between parties in regulated environments through distributed ledger technology and permissioned peer-to-peer transactions.

R3’s platforms are geared towards regulated industries and utilize trust technology and confidential computing to facilitate business interactions between multiple parties.

Impel’s R3 Corda Bridge enables the $XDC coin to move to and from the public Corda Network, specifically to the Cordite CorDapp, where it can be used as a settlement vehicle inside the Corda ecosystem. This data can be recorded privately. Access the bridge here.