by Xago | Jun 1, 2022 | News
Xago’s Clients can now trade and transfer ZAR, USD, EUR, GBP, USDC and Ripple’s XRP.
Ripple Evangelist and Crypto guru, American CryptoEri who is based in Tokyo is highly regarded in the XRP community. Eri interviewed Jurgen Kuhnel, Xago’s Chief Commercial Officer and Co-founder, on Xago’s journey, crypto regulation and announcing new currencies on Xago’s mobile app as well as on our personalised Automated Trading Bot.
Watch the interviews below:
Part 1 – Xago, why XRP and the XRP Ledger
Part 2 – New Currencies and Personalised Automated Trading Bot
Xago offers clients an Automated Trading Bot which you can personalise with your preferred trading parameters and requirements. Once set up, you can optimise and change requirements when it suits you. There are a number of tried and tested strategies which are shared on the platform.
About Xago Technologies (Pty) Ltd.
Banks, eCommerce platforms, retailers, mobile operators, crypto exchanges, commodity companies and international business owners partner with Xago to transfer money into and out of Africa rapidly, securely, compliantly, cost-effectively and with CERTAINTY. Our executive team works with the South African Financial Regulators (the IFWG) and has always championed fair regulation of the crypto industry. Xago harnesses the power of mobile, retail networks and blockchain technology in playing a crucial role to transform the payment industry by bypassing traditional payment costs and delays, with a focus on empowering people in Africa. www.xago.io
For more information, please contact:
marketing@xago.io
by Xago | Apr 28, 2022 | News
Xago Technologies (Pty) Ltd., announces the launch of its stable coin, XUS which supports the US dollar, empowering clients to deposit and pay out funds, with US dollars and USDC via the Xago platform. Xago was founded in 2016 in South Africa, to enable individuals to send money instantly, at a fraction of the cost of traditional operators, all with the certainty that the transaction is highly secure, compliant, and knowing exactly when it arrives at its pay-out point.
According to a recent report by The World Bank Group on the average cost of sending remittances in Africa, fees from all the parties involved in an international money transfer cost 15.05% in South Africa with the global average at just 6.04%.
“Xago is committed to developing innovative, faster than-ever-before, low cost transaction and trading capabilities, bringing certainty to our clients at a time when the world is still reeling from the costs of the Covid pandemic. Countries in Africa are the poorest globally, yet individuals are being charged the highest fees. We are very proud to announce the launch of the XUS stable coin which enables our clients to now transact with US dollars. The funds will now arrive at its destination in a matter of hours, not days, and for far less cost than the global average of just over 6%. This is a first of many new stable coins to become available on Xago’s payment gateway and trade exchange,” confirms Mark Chirnside, CEO and Co-founder of Xago.
Xago’s XUS is also available on Xago’s revolutionary mobile app, of which a new version was released recently. The mobile app uses advanced (future generation) neuromorphic computing technologies to simulate human cognition – how the brain naturally and instinctively recognises people. Xago takes security, client verification and authentication very seriously and the mobile app has now made conventional login names, passwords and One Time Passwords (OTPs) completely outdated.
The mobile app’s Three Factor Authentication (3FA) has all of the following categories: knowledge (e.g. password), possession (e.g. mobile device) and inherence/biological feature (e.g. thumbprint or, in this case, neuromorphic biometric facial recognition). Clients can simply look at their phone without having to type, touch, swipe, scroll, press or enter any information, knowing that they cannot be replaced by a fraudulent person. A world-first.
About Xago Technologies (Pty) Ltd.
Banks, eCommerce platforms, retailers, mobile operators, crypto exchanges, commodity companies and international business owners partner with Xago to transfer money into and out of Africa rapidly, securely, compliantly, cost-effectively and with CERTAINTY. Our executive team works with the South African Financial Regulators (the IFWG) and has always championed fair regulation of the crypto industry. Xago harnesses the power of mobile, retail networks and blockchain technology in playing a crucial role to transform the payment industry by bypassing traditional payment costs and delays, with a focus on empowering people in Africa. www.xago.io
For more information, please contact:
Cheridan Inglis
Chief Marketing Officer
cheridan@xago.io
by Xago | Apr 6, 2022 | News
Xago Technologies based in Cape Town, South Africa and founded in 2016, launches seamless trading functionality in its mobile app enabling clients to trade anywhere, anytime, and with CERTAINTY. The latest version of the world-first mobile application offers all the capabilities of Xago’s Xchange platform including speed of transactions, high security, full compliance and Three Factor Authentication (3FA).
“Our clients are our first priority and we are extremely proud to launch all of Xago’s unique trading platform functionality, in our highly secure, user-friendly mobile app which is now available in both the PlayStore and iStore. As an avid trader myself, I have been intricately involved in the development of the app and am extremely pleased with the outcome, especially being able to watch the markets and trade securely on the fly, wherever I am. We are also releasing innovative features and services within the app shortly,” announces Jurgen Kuhnel, Chief Commercial Officer and Co-founder of Xago.
A world-first.
The revolutionary mobile app uses advanced (future generation) neuromorphic computing technologies to simulate human cognition – how the brain naturally and instinctively recognises people. The result is a far more secure and a far more convenient client experience when registering and logging in to transact on Xago’s platform, a world-first.
Developed by research scientists not only does the app’s authentication outperform conventional biometrics (fingerprint, facial recognition, voice recognition), but it also does what no on-device biometric is able to do – certify the identity of a person by referencing identity data held by the Department of Home Affairs (DHA), in real time.
Xago takes security, client verification and authentication very seriously and the mobile app has now made conventional login names and passwords redundant. The app’s Three Factor Authentication (3FA) has all of the following categories: knowledge (e.g. user credentials), possession (e.g. mobile device) and inherence/biological feature (e.g. thumbprint or, in this case, neuromorphic biometric facial recognition). Clients can simply look at their phone without having to type, touch, swipe, scroll, press or enter any information, knowing that they cannot be replaced by a fraudulent person.
Official regulators, banks, eCommerce platforms, retailers, mobile operators, crypto exchanges, commodity companies and international business owners work with Xago, and this latest app release is the next step towards creating more innovative solutions for our partners across the globe.
Download the Xago Mobile App.
For more information, please contact:
Cheridan Inglis
Chief Marketing Officer
cheridan@xago.io
by lindsay@oonie.co.za | Jan 20, 2022 | News
Listen to Jeremy Harris from Heart FM interviewing Jurgen Kuhnel at the recent SA Ubuntu Foundation Business Breakfast about the crypto industry, the global money movement, the pending Crypto Regulations in SA and what this means to you and your business.
OTHER NEWS
The regulation of crypto assets in South Africa is anticipated to be sooner rather than later and Xago, announced recently that it is first to implement allowances for crypto.
Watch SABC TV News On Point’s Nompu Sizia interview Mark Chirnside, Xago’s CEO and Co-Founder
About Xago Technologies (Pty) Ltd.
Xago moves money across the world highly securely, quickly, and at low cost by utilising the power of blockchain technology, mobile networks and crypto payment rails. Xago is transforming the money transfer industry by bypassing traditional payment rails, with a core focus on empowering people in Africa.
Since inception, Xago has championed fair regulation of the crypto industry and works with the official financial regulators in South Africa (IFWG). Xago was first to launch what we believe will be the basis of crypto asset regulation to protect our clients when legislation is implemented.
Strategic partnerships and clients include banks, crypto exchanges, mobile operators, retailers, wholesalers, web merchants, payment solution services, commodity companies and business owners.
For more information or to arrange an interview with Jurgen Kuhnel, Xago’s CCO and Co-founder, please contact:
Cheridan Inglis
Chief Marketing & Information Officer
cheridan@xago.io
by lindsay@oonie.co.za | Nov 30, 2021 | News
The AI Media Group, publishers of Synapse Magazine and The Voice of African Artificial Intelligence & Data Science, features Xago’s World-First Neuromorphic Biometric App in their latest issue on page 26.
The Future of Money
Watch SABC TV News On Point’s Nompu Sizia interview Mark Chirnside, Xago’s CEO and Co-Founder
The regulation of crypto assets in South Africa is anticipated to be sooner rather than later and Xago, announced recently that it is first to implement allowances for crypto.
Download the Xago Mobile App.
About AI Media Group
The AI Media Group are curators of Africa’s Largest B2B B2G Trade Focused Artificial Intelligence & Smart Tech Community – Building An AI Powered Future For Africa. www.aimediagroup.co.za
About Xago Technologies (Pty) Ltd.
Xago moves money across the world highly securely, quickly, and at low cost by utilising the power of blockchain technology, mobile networks and crypto payment rails. Xago is transforming the money transfer industry by bypassing traditional payment rails, with a core focus on empowering people in Africa. Crypto Exchanges, Financial Institutions, eCommerce Platforms, Retailers, Business Owners and Investors partner with Xago. Partner with CERTAINTY.
For more information or to arrange an interview with Mark Chirnside, Xago’s CEO and Co-founder, please contact:
Cheridan Inglis
Chief Marketing & Information Officer
cheridan@xago.io
by lindsay@oonie.co.za | Nov 4, 2021 | News
Xago, an innovative crypto fintech based in South Africa, launches their mobile application which includes Neuromorphic Biometric Technology to authenticate and protect Clients, a world-first.
The revolutionary mobile app uses advanced (future generation) neuromorphic computing technologies to simulate human cognition – how the brain naturally and instinctively recognises people. The result is a far more secure and a far more convenient client experience when registering and logging in to transact on Xago’s platform.
“Developed by research scientists at aiQ Cognitive Technologies, not only does the app’s authentication outperform conventional biometrics (fingerprint, facial recognition, voice recognition), but it also does what no on-device biometric is able to do – certify the identity of a person by referencing identity data held by the Department of Home Affairs (DHA), in real time,” announces, Mark Chirnside, CEO and Co-founder of Xago.
According to the Southern African Fraud Prevention Service (SAFPS), identity theft (impersonation fraud) was up by 337% in 2020, indicating that the Covid-19 pandemic created a massive opportunity for fraudsters. Xago’s takes security, client verification and authentication very seriously and their mobile app has now made conventional login names, passwords and One Time Passwords (OTPs) completely outdated and, in fact, ultimately redundant. Their mobile app also offers not only 2 Factor Authentication (2FA), but 3 Factor Authentication (3FA). 3FA has all three of the following categories: knowledge (e.g. password), possession (e.g. mobile device) and inherence/biological feature (e.g. facial recognition). Now, Xago’s clients can simply look at their phone without having to type, touch, swipe, scroll, press or enter any information, knowing that they cannot be replaced by a fraudulent actor.
The regulation of crypto assets in South Africa is anticipated to be sooner rather than later and Xago, announced recently that it is first to implement allowances for crypto.
Watch SABC TV News On Point’s Nompu Sizia interview Mark Chirnside, Xago’s CEO and Co-Founder
Download the Xago Mobile App.
About aiQ Cognitive Technologies
aiQ Cognitive Technologies is represented by a group of research scientists, previously from the University of Johannesburg (South Africa), who together with the Chennai Institute of Technology (India), have been researching and developing technology solutions which aim to manipulate the full potential of Neuromorphic Computing, an advanced, future generation Artificial intelligence (AI) and Machine Learning (ML) technology that’s not constrained by current methodologies. Assisted by Intel Labs, aiQ engineers have successfully managed to develop neuromorphic solutions that answer complex problems that lie beyond the scope of conventional AI and ML capabilities. https://aiqtech.co.za
About Xago Technologies (Pty) Ltd.
Xago moves money across the world highly securely, quickly, and at low cost by utilising the power of blockchain technology, mobile networks and crypto payment rails. Xago is transforming the money transfer industry by bypassing traditional payment rails, with a core focus on empowering people in Africa. Crypto Exchanges, Financial Institutions, eCommerce Platforms, Retailers, Business Owners and Investors partner with Xago. Partner with CERTAINTY.
For more information or to arrange an interview with Mark Chirnside, Xago’s CEO and Co-founder, please contact:
Cheridan Inglis
Chief Marketing & Information Officer
cheridan@xago.io
