Xago, a South African crypto fintech that focuses on an all-inclusive method to cash transfers, introduced that it has raised additional funding from shareholders to proceed its development trajectory by increasing in all facets of the enterprise.
Crypto exchanges, ecommerce platforms, monetary establishments, retailers, enterprise house owners, and people accomplice with Xago to deploy environment friendly and cost-effective cash motion throughout borders inside seconds.
By using their secure coin XZR, pegged 1:1 with the South African Rand, and the XRP Ledger, Xago minimizes the danger of forex alternate fluctuations whereas the transaction is happening and in addition solely fees a minimal charge in comparison with different cash switch corporations.
“Since securing the final spherical of funding in September final 12 months, Xago’s income has grown by effectively over 400% and the primary 4 months of this 12 months is over 700% up on the identical 4 months of 2020. Offering excellent shopper service and dealing carefully with strategic companions across the globe, has positioned Xago in a singular place to proceed to ship agile, extremely safe, totally compliant, and cost-effective options, quickly.”
– Mark Chirnside, Xago’s CEO and Co-Founder