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XDC Network has invested $900,000 in GoodDollar to expand blockchain-based Universal Basic Income globally, supporting over 910,000 people across 210 countries. This partnership marks a significant development for both the XDC ecosystem and the broader mission of financial inclusion through digital currency.
What Is XDC Network?
XDC Network is an enterprise-grade, open-source blockchain protocol that is EVM-compatible and uniquely suited to revolutionize trade finance through the tokenization of real world assets and financial instruments. The protocol supports smart contracts, 2000 transactions per second, and features 2-second transaction times.
The blockchain operates on a specialized consensus mechanism called XinFin Delegated Proof of Stake (XDPoS). As of January 2025, there are 300+ XDC Network validator masternode candidates, of which 108 actively operate as validator masternodes. This structure enables the network to maintain high security while processing transactions efficiently and at minimal cost.
What makes XDC particularly interesting is its focus on real-world applications. The network was the first and only blockchain invited to join the Trade Finance Distribution Initiative, a consortium of leading banks and non-bank financial institutions established to bridge the $5 trillion trade finance gap. The platform has processed over 563 million transactions since its mainnet launch in 2019.
GoodDollar's Multi-Chain Approach
GoodDollar is a digital currency protocol that makes digital assets accessible by creating free money as a public good, distributing it as universal basic income. The platform previously operated on Ethereum, Celo, and Fuse networks. Users verify their uniqueness to receive a GoodDollar verified address, then claim G$ tokens daily through either GoodWallet or other Web3 wallets connected to GoodDapp.
The multi-chain strategy allows GoodDollar to leverage different blockchain strengths. Celo and Fuse, both already integrated into the platform, provide low-cost transaction environments that make daily claiming practical for users worldwide. The addition of XDC Network brings enterprise-grade infrastructure and connections to traditional finance sectors—a natural fit for expanding the reach of digital currency-based universal basic income.
Why This Partnership Matters
The collaboration between XDC Network and GoodDollar addresses a critical challenge in digital currency adoption: making blockchain technology genuinely useful for everyday people, particularly those in developing regions where traditional financial services are limited or inaccessible.
The investment from XDC Network strengthens GoodDollar's capacity to bridge digital and traditional economies, with the initiative showing particular promise in developing regions where users can access the platform through any internet-connected device. This aligns with XDC's existing work in trade finance and its emphasis on real-world utility.
For XDC Network, the partnership demonstrates practical blockchain application beyond institutional trade finance. It shows how enterprise-grade infrastructure can support social impact initiatives at scale. The network's energy efficiency is also notable: the entire global XDC Network uses 7400 kilowatt-hours, less electricity than the average US household uses each year.
Technical Integration and User Experience
Users of GoodDollar's claim app can now benefit from XDC's technical capabilities. The network's 2-second transaction finality means claims process quickly, while near-zero gas fees ensure that users receive the full value of their basic income without significant deductions for transaction costs.
The addition of XDC joins Celo and Fuse as blockchain options within the GoodDollar ecosystem. GoodDollar tokens can be purchased on Ethereum, Celo or Fuse, where they can be swapped on decentralized exchanges for other tokens. This multi-chain architecture provides users with flexibility and resilience—if one network experiences congestion or technical issues, the others continue functioning.
Looking Forward
The GoodDollar-XDC partnership represents a practical test case for how enterprise blockchains can support financial inclusion initiatives. With XDC Network's strong positioning in trade finance and real-world asset tokenization, combined with GoodDollar's proven track record of distributing digital currency to hundreds of thousands of users globally, this collaboration could help demonstrate blockchain's utility beyond speculation and trading.
For those interested in either XDC Network or GoodDollar, this partnership signals both platforms' commitment to practical, real-world blockchain applications. Whether XDC's infrastructure can effectively scale to support universal basic income distribution alongside its trade finance operations remains to be seen, but the combination of enterprise capabilities and social mission creates an intriguing experiment in blockchain utility.
