Digital Currency EaaS MyXchange to Aid Emerging, Yet Volatile Economies
XREX, a blockchain TradeTech company serving cross-border businesses operating in emerging economies, today announced the launch of MyXchange, a digital currency exchange-as-a-service (EaaS) platform.
MyXchange allows money transfer organizations (MTO) to run a secure crypto-fiat exchange that features full KYC, AML, liquidity, wallet security, and fiat (US dollar, Indian rupee) on-off ramps. In the same way Shopify makes it easy to launch an online store, MyXchange simplifies creating a secure exchange, passing along low fees with seamless cross-border escrowed payments across emerging markets.
As oil prices fall, according to an earlier
There are indications that the Central Bank of Nigeria’s Naira4Dollar scheme may have gained traction as authorized dealers hinted of significant increase in volume of foreign exchange inflows by diaspora remittances through the banks.
Wednesday, 31th March 2021, the exchange rate between the naira and the US Dollar closed at N408.67/$1 at the Investors and Exporters window.
The naira appreciated against the US Dollar on Wednesday, 31st March 2021 gaining for the fifth consecutive day at the NAFEX window to close at N408.67 to a dollar despite a 26.2% drop in dollar supply.
This represents a 0.08% gain, when compared to N409/$1 recorded on Tuesday, 30th March 2021.
However, the naira remained stable at the parallel market, closing at N486/$1, the same rate recorded on the previous trading day.
Trading at the official NAFEX window
The naira appreciated against the US Dollar at the Investors and Exporters window on Wednesday to close at N408.67/$1. This represents a 33 kobo gain when compared to N409/$1 recorded on Tuesday, 30th March 2021.
Backed by the Taiwanese Government’s National Development Fund and the co-founders of Skype, XREX solves dollar liquidity shortages in fast-growing emerging economies, making it easy for any enterprise to operate a secure crypto-fiat exchange featuring full security, KYC, AML, fiat on-off ramps, and liquidity.
TAIPEI / SINGAPORE December 9, 2020 XREX , a blockchain TradeTech company serving cross-border businesses that operate in emerging economies, today announced the launch of MyXchange, a first-of-a-kind digital currency Exchange-as-a-Service (EaaS) platform.
MyXchange makes it easy for any Money Transfer Organization (MTO) to run a secure crypto-fiat exchange that features full Know Your Customer (KYC), Anti-Money Laundering (AML), liquidity, wallet security, and fiat (US Dollar, Indian Rupee) on-off ramps. In the same way that Shopify makes it easy to launch an online store, MyXchange simplifies creating a secure exchange, passing along low fees with seamless cross-borde