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Xago, a South Africa-based blockchain fee platform, introduced immediately assist for EUR with the launch of its newest stablecoin – XEU – backed 100% with fiat.
XEU allows purchases, transfers, and payouts in euros, securely, compliantly, and inside minutes.
Lately, Xago additionally introduced the launch of British Kilos, US {Dollars}, and USDC on its fee gateway and change which is developed on the XRP Ledger, including to prior supported ZAR and XRP.
“In response to the Africa Centre for Strategic Research, the quantity of people that have migrated from Africa to Europe since 2010 has doubled and is at present over 11 million. The price of sending cash into and out of Africa is greater than every other continent and may take over every week to reach at its vacation spot. One of many causes we based Xago is to allow our company purchasers corresponding to banks to supply their clients immediate, low-cost choices after they merely must ship cash residence to their households.”
– Jurgen Kuhnel, Co-Founder & Chief Business Officer of Xago
Xago’s latest product, Xpedite, is a white-label worldwide cash switch resolution, developed for banks and retailers to supply a quicker and cheaper possibility for his or her purchasers to ship cash anyplace, anytime.
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