Xago, an innovative crypto fintech company specializing in payment solutions and exchange services built on the XRP Ledger, is excited to announce a significant advancement in its global expansion strategy.
The company has established a new entity, Xago Australia Pty Ltd, which has officially secured registration with the Australian Transaction Reports and Analysis Centre (AUSTRAC) as a registered digital currency exchange (DCE). This pivotal achievement enhances Xago's footprint in the Asia-Pacific region and ensures strict adherence to Australia's financial intelligence and anti-money laundering regulations.
In line with its mission to make cross-border payments faster, more affordable, and more accessible, Xago has also introduced new currency integrations and partnerships. The platform is now live with the Nigerian Naira (NGN), providing seamless on- and off-ramp capabilities for one of Africa's largest and most dynamic markets.
Additionally, Xago has partnered with OpenPayd to streamline its euro (EUR) services by enhancing SEPA and SWIFT capabilities for both on- and off-ramping. With these developments, Xago now supports six major currency-backed stablecoins: USD, GBP, ZAR, NGN, EUR, and AUD.
"These developments reflect our ongoing commitment to empowering individuals and businesses with accessible, compliant, and secure digital payment solutions," said Jurgen Kuhnel, CEO of Xago. "Our AUSTRAC registration, coupled with the expansion of supported currencies, represents a critical step in delivering real impact across borders, particularly for emerging markets."
Xago's innovative platform is transforming the global money movement landscape, offering quick settlements, low fees, and regulatory transparency across multiple jurisdictions. As the company continues to grow, it remains dedicated to enhancing the efficiency of cross-border transactions and facilitating secure financial services for its users worldwide.
Play audio
Comments
Add your comment
Categories
Startup Raises
262
Feature
83
Fintech
39
Fresh News
696
How To
84
Acquisition
39
Reports
22
Opinion
57
Recent Posts
Meet the Founder Who Turned Down $1.5 Million and Built One of Africa’s Fastest-Growing Companies Two Years in a Row
Most startups pursue large funding rounds to accel...
FG Targets 35 Million Disabled Nigerians in Digital Inclusion Drive
The Nigerian Federal Government has made a promisi...
How Banks and Fintechs Determine Creditworthiness
Banks and fintech companies in Nigeria are adoptin...
Metrospeed and Chevron Partner to Drive Lagos Metro Smart City Development
Metrospeed Property Development Limited has announ...
Beware: Tria Stealer malware is targeting Android users’ WhatsApp and banking apps
There has been an alarming rise in sophisticated c...
Related Post
Metrospeed and Chevron Partner to Drive Lagos Metro Smart City Development
Metrospeed Property Development Limited has announced a strategic partnership wi...
Beware: Tria Stealer malware is targeting Android users’ WhatsApp and banking apps
There has been an alarming rise in sophisticated cyberattacks targeting Android...
MyNextCar Lands $10 Million to Expand Bolt’s Budget Ride-Hailing Fleet in South Africa
South African vehicle leasing company MyNextCar (MNC) has secured $10 million in...
No comments