YieldFX Partners With Hedera to Expand Emerging-Market FX Access

YieldFX is partnering with Hedera to give emerging-market savers access to foreign exchange services that include tokenized bank deposits, instant currency switching and daily interest.

The arrangement centers on deposits held at regulated banks and represented as tokens on the network.

Users will be able to hold those tokenized deposits.

They will also be able to switch currencies instantly.

The service is designed to let users earn interest daily.

YieldFX is a financial technology company focused on foreign exchange solutions.

Hedera’s blockchain technology will support the service.