African-based Xago announces XEU supporting EUR, joining XUS, XGB, USDC, XZR and XRP - Xago Technologies

African-based Xago announces XEU supporting EUR, joining XUS, XGB, USDC, XZR and XRP

by | Jul 20, 2022 | News

Xago Technologies (Pty) Ltd. in CAPE TOWN, South Africa, announces support for EUR with its stable coin XEU, backed 100 percent with fiat, enabling purchases, transfers and payouts in Euros highly securely, compliantly, within minutes and with CERTAINTY.

Xago recently announced the launch of British Pounds, US Dollars and Circle’s USDC on its unique payment gateway and trade exchange designed and developed on the XRP Ledger, adding to the ZAR and Ripple’s XRP currencies.

Focusing on empowering people in Africa, Xago’s innovative money movement solutions are built with speed, efficiency, and low cost transactional abilities. Their latest product, Xpedite, is a white-label international money transfer solution, developed specifically for banks and retailers to offer a faster and cheaper option for their clients to send money anywhere, anytime. 

To book a demo or to find out more, contact Xago

“According to the Africa Centre for Strategic Studies, the number of people who have migrated from Africa to Europe since 2010 has doubled and is currently over 11 million. The cost of sending money into and out of Africa is higher than any other continent and can take over a week to arrive at its destination.  One of the reasons we founded Xago is to enable our corporate clients such as banks to offer their customers instant, low-cost options when they simply need to send money home to their families,” comments Jurgen Kuhnel, Co-founder and Chief Commercial Officer of Xago.

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. Xago is audited by Mazars, our executive team works with the South African Financial Regulators (the IFWG) and has championed fair regulation of the crypto industry since inception. 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.

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