An on/off-ramp is simple to describe and varied in practice. Here is what finance teams should understand about each stage, from onboarding to payout, and the questions worth asking any provider.
Before you start: onboarding
Each relationship begins with standard KYC (individuals) or KYB (businesses). Xago guides you through each step and gives you a verified account, the essential starting point for every transaction that follows.
Ask: which currencies and corridors do you service, and what does onboarding involve?
Funding: fiat or stablecoin
Xago supports funding with fiat or stablecoin. The route your funds take can differ by asset type and by jurisdiction, so it is worth confirming which funding methods apply to you before you plan a payment run.
Ask: which funding methods apply to my jurisdiction and the assets I hold?
Conversion and movement
Once funded, value can be converted into any supported currency and moved over blockchain infrastructure.
Actual settlement times can vary depending on network conditions, jurisdiction and the nature of the transaction. Speed is a key focus in Xago's design, but timing is not fixed.
Ask: What can affect rates and timing?
Payout
Beneficiaries are paid into a bank account in local currency, or in stablecoin. Xago provides 16 on-platform currencies, and pays out in multiple additional jurisdictions via our partner network.
Ask: is my beneficiary's country and currency supported, and how are they paid?
Comprehensive transaction oversight
The process is designed to support transaction oversight. Transaction-status information is available from funding to payout, and on-chain activity creates a verifiable record that assists with reconciliation.
Ask: how are my transactions monitored and reported?
Checks that continue after onboarding
Alongside onboarding, Xago applies the following controls:
● Client due diligence (KYC/KYB)
● Real-time transaction monitoring
● Ongoing sanctions screening
Licences
Xago states its licences and registrations as follows:
● Authorised Financial Services Provider (FSP No. 53416), South Africa
● Virtual Asset Service Provider (Licence No: 11/1/5-005), Botswana
● Registered as a Digital Currency Exchange, AUSTRAC, Australia
Ask any provider which licences or registrations they hold, and where.
Pricing
Xago prices per transaction, with no monthly fees and no lock-in. The currencies page sets out the details.
Ask: what are the fees and how are the rates calculated?
Speak to an expert
To talk through your currencies, corridors and what onboarding involves, speak to an expert at Xago. A team you can reach, who understand your business, will guide you from onboarding through to day-to-day settlement.
Xago Technologies (Pty) Ltd is an Authorised Financial Services Provider, FSP No. 53416, authorised under FAIS to provide financial services in relation to crypto assets within the scope of its licence. This authorisation does not constitute approval of a particular stablecoin or a guarantee of value or settlement performance.
Services in GBP, USD, and EUR are strictly intended for clients residing outside the United Kingdom, Europe, and the United States. These services cater to global clients requiring these payment rails for settlement purposes.