Driving X-Infinity’s Mission to Redefine Peer-to-Peer Payments in Southeast Asia

The Opportunity

In 2017, Southeast Asia’s growing digital economy faced major bottlenecks when it came to seamless, everyday cryptocurrency use. While global crypto exchanges and wallets existed, there was a significant gap for solutions that could:

- Enable real-world crypto payments for merchants and cafes.

- Support fast, low-cost peer-to-peer (P2P) trading between users.

- Provide scalable infrastructure for high-frequency retail and OTC transactions.

- Integrate fiat currencies (e.g., MYR) smoothly into decentralized ecosystems.

- Ensure compliance with regional AML and KYC requirements.

The region needed a way to merge retail adoption, peer-driven trading, and blockchain scalability — without forcing users onto fragmented, slow, or expensive global networks.

The Solution

To tackle these challenges, X-Infinity (XIF) launched a pioneering digital economy platform built around retail crypto payments, P2P trading, and wrapped assets.

Underpinned by a proprietary blockchain leveraging pBFT consensus for fast finality, XIF created an integrated ecosystem that included:

- Crypto Exchange and Digital Wallet: A unified app where users could store, send, trade, and spend crypto assets seamlessly.

- Retail Point of Sale (POS) Systems: XIF deployed iPads across cafes and merchants, allowing owners to load menus, generate payment QR codes, and instantly receive payments when customers scanned using the XIF Wallet. Transactions were finalized in seconds on-chain.

- Peer-to-Peer Trading Platform: Users could list the assets they had and the assets they wanted, enabling direct OTC trading without intermediaries. The platform automatically executed swaps and facilitated fiat crypto trades, taking a small service fee.

- Early Token Wrapping Technology: Years before stablecoins became mainstream, XIF introduced "wrapped" assets like BTCX (wrapped Bitcoin), allowing users to deposit Bitcoin and trade it natively on the XIF chain. This drastically improved transaction speed and reduced costs compared to Bitcoin’s parent chain.

- Compliance and Security: Full AML (Anti-Money Laundering) and KYC (Know Your Customer) processes were embedded into onboarding and transaction flows, ensuring legal compliance in Southeast Asian markets.

X-Infinity processed over 100 million transactions every month, positioning itself as one of Southeast Asia’s early leaders in practical blockchain applications. XIF pioneered important precedents for real-world crypto adoption in emerging markets.

Results

- Transaction Volume: 100M+ transactions processed monthly at peak.

- Retail Adoption: Hundreds of cafes and merchants onboarded across Southeast Asia.

- Peer-to-Peer Trading: Facilitated thousands of decentralized OTC trades between users.

- Wrapped Tokens: Enabled on-chain trading of major assets (BTCX, ETHX) before mainstream stablecoin adoption.

- Compliance-Ready: Fully integrated AML/KYC workflows for safe and legal participation.

Key Technologies

- pBFT (Practical Byzantine Fault Tolerance) Blockchain Consensus

- Custom Token Wrapping Mechanism (BTCX and others)

- On-Chain Peer-to-Peer OTC Trading Engine

- Retail Point of Sale (POS) QR Payment Infrastructure

- AML/KYC Compliance Systems

- Mobile Digital Wallet (iOS/Android)