Xago Expands Services to Six Currencies and Asia-Pacific, Bolstering Compliance
Xago, a South African crypto fintech company, has expanded its services significantly. It now facilitates transactions in six major currency-backed stablecoins and has entered the Asia-Pacific region, reinforcing its commitment to regulatory compliance.
Xago now supports transactions in USD, GBP, ZAR, NGN, EUR, and AUD. This expansion includes seamless on- and off-ramp functionality for Nigerian Naira (NGN), enhancing accessibility to the Nigerian market.
In the Asia-Pacific region, Xago has established Xago Australia Pty Ltd, registered with AUSTRAC as a Digital Currency Exchange (DCE) in Australia. This move demonstrates Xago's dedication to regulatory compliance in the region.
Jurgen Kuhnel, CEO of Xago, highlighted the importance of these developments. He stated that securing AUSTRAC registration and expanding currency offerings are crucial steps toward making a tangible impact in global and emerging markets.
Xago has also partnered with OpenPayd to enhance its Euro services. This partnership brings robust SEPA and SWIFT integration for smooth on- and off-ramping.
Xago's expansion into six major currencies and the Asia-Pacific region, along with its partnership with OpenPayd, signals a significant growth phase for the company. These moves are expected to increase Xago's global reach and accessibility, further cementing its position as a key player in the crypto fintech industry.
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