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.

Not too long ago, 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 line with the Africa Heart for Strategic Research, the quantity of people that have migrated from Africa to Europe since 2010 has doubled and is at the moment over 11 million. The price of sending cash into and out of Africa is larger than some other continent and might take over per week to reach at its vacation spot. One of many causes we based Xago is to allow our company shoppers similar to banks to supply their clients on the spot, low-cost choices once they merely have to ship cash house to their households.”
– Jurgen Kuhnel, Co-Founder & Chief Business Officer of Xago

Xago’s latest product, Xpedite, is a white-label worldwide cash switch answer, developed for banks and retailers to supply a sooner and cheaper choice for his or her shoppers to ship cash anyplace, anytime.


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