Xago Integrates Circle’s Technology to Enable USDC-to-USD Off-ramp
Xago Technologies (Pty) Ltd. in CAPE TOWN, South Africa enables its clients to payout funds securely and efficiently with US Dollars and USD Coin (USDC) via Xago’s platform integration with Circle’s payouts solutions. Leveraging Circle’s powerful payouts technology, end users across borders can receive USDC or wire transfers in their local currencies in a more efficient and cost-effective manner.
Mark Chirnside, the CEO and Co-Founder of Xago comments, “Using Circle’s payouts technology and USDC is just another example of how we are making it easier for our clients to move value efficiently all over the world.”
Xago’s innovative money solutions utilise the XRP Ledger and are built with speed, efficiency, and low-cost transactional abilities for corporates, SMEs and individuals, with a focus on empowering people and their communities in Africa. Euros and British Pounds was recently added to the payment platform and trade exchange, which now includes ZAR, USD, USDC, GBP, EUR and Ripple’s XRP, with other currencies launching shortly.
To book a demo or to find out more, contact the Sales Team
About Xago Technologies (Pty) Ltd.
Founded in 2016, banks, retailers, mobile operators, crypto exchanges, commodity companies and international business owners partner with Xago to transfer money into and out of South Africa rapidly, securely, compliantly, cost-effectively and with certainty. Xago is audited by Mazars, the 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 the XRP Ledger, 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
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