Buy Crypto- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Xpayra CTO: The core system is ready, and cross-border payment applications have begun to be tested
Odaily News Xpayra, a crypto payment and financial infrastructure project, recently announced that the platform has completed the first phase of construction of the core system based on the PayFi architecture, including the transaction settlement engine, smart minting module and compliance governance template, and has entered the multi-chain high-concurrency performance testing phase.
According to Kevin Patel, Xpayras chief technology officer, the current system has realized the on-chain wallet and identity participation mechanism. Users can complete payments and collections without a bank account, and funds can be received in real time on T+0. In terms of cross-border remittance costs, the platform has compressed the costs to on-chain gas fees and matching fees, which is lower than the 3%~5% intermediary costs commonly seen in the traditional financial system. The system supports a variety of mainstream stablecoins, has automatic exchange and compliance capabilities, and all transaction records can be traced on the chain, enhancing data transparency and information symmetry.
In terms of application scenarios, Xpayra has been deployed in the dimensions of enterprises and individual users. The platform provides lightweight settlement capabilities for small and medium-sized cross-border e-commerce companies, which can reduce exchange risks and improve the efficiency of capital repatriation. For individual users, the system has realized the functions of remote salary payment and freelance income settlement. Funds can be received in seconds through the on-chain process, reducing the threshold for use and intermediary dependence. At the same time, the team is also expanding the offline merchant network to promote the practical application of digital assets in daily retail scenarios.
You may also like
Predicting the World Cup "Showdown": Over 150 projects are gearing up, with a total investment of nearly 6 billion dollars
RootData launches the "A-Level Transparency Project Briefing," directly reaching the cryptocurrency listing decision-making chain
What does DeFi look like that Wall Street wants?
Drift Protocol Hack: Understanding One of the Largest Solana Ecosystem Breaches
Key Takeaways Drift Protocol, a decentralized exchange on Solana, experienced a $270 million hack, making it one of…
Navigating the Drift Protocol Security Incident: What You Need to Know
Key Takeaways On April 2, Drift Protocol experienced a security breach where a malicious actor gained administrative control.…
Upbit and Bithumb Designate DRIFT as a Trading Alert Item
Key Takeaways Upbit and Bithumb have labeled DRIFT as a “trading alert” asset following guidance from the Digital…
“Brother Maji” Faces Potential Liquidation with ETH Long Position
Key Takeaways “Brother Maji” currently holds a substantial 25x leveraged long position of 6,000 ETH. The position was…
Wormhole’s Response to Drift Protocol Incident: Delays in Cross-Chain Transfers
Key Takeaways Wormhole confirmed that user assets remain safe despite the Drift Protocol attack. The Solana ecosystem’s built-in…
Bitget Launchpool and MEZO: Navigating the Crypto Reward Opportunities
Key Takeaways Bitget Launchpool offers a way to earn tokens like MEZO by staking assets. The current MEZO…
XRP Price Prediction: Could Ripple Transform into a National Bank?
Key Takeaways: The OCC’s final rule effective from April 1 disrupts traditional banking, potentially allowing Ripple to emerge…
Ripple XRP Approaches National Bank Status: OCC Rule’s Impact
Key Takeaways: Ripple’s journey to full national trust bank status advanced significantly with the OCC’s new rule on…
Cardano Price Forecast: Is ADA Recovery a Bull Trap?
Key Takeaways: Cardano’s price recovery to $0.27 raises questions about whether this is a genuine trend change or…
BNB Price Prediction: Is Binance’s New Prediction Market a Game-Changer?
Key Takeaways: BNB holds a psychological price level at $614, with bullish momentum fueled by Binance’s prediction market.…
Fed’s Barr Advocates Stringent Stablecoin Oversight Amid Historical Lessons
Key Takeaways: Fed Governor Michael Barr stresses the necessity of rigid stablecoin oversight, referencing historical financial instabilities. The…
Solana Price Prediction: Interactive Brokers Backs SOL, Galaxy Digital Expands Support
Key Takeaways: Solana trades sluggishly at $84, despite backing from Interactive Brokers and Galaxy Digital. Institutional interest positions…
Ethereum Price Forecast: Will ETH Sustain Its Momentum?
Key Takeaways: Ethereum ended March with a 7% gain, vastly outshining Bitcoin’s modest 1% increase. Ethereum showed a…
Gold Price Prediction: Worst Month in 17 Years for Safe Haven
Key Takeaways: Gold prices plunged 12% in March, marking their largest monthly drop since October 2008. Spot gold…
Siren Crypto Crash: A 91% Plunge – Genuine Collapse or Manipulative Play?
Key Takeaways: SIREN token experienced a dramatic decline, shedding 91% from its peak of $3.61 to below $0.30…
Predicting the World Cup "Showdown": Over 150 projects are gearing up, with a total investment of nearly 6 billion dollars
RootData launches the "A-Level Transparency Project Briefing," directly reaching the cryptocurrency listing decision-making chain
What does DeFi look like that Wall Street wants?
Drift Protocol Hack: Understanding One of the Largest Solana Ecosystem Breaches
Key Takeaways Drift Protocol, a decentralized exchange on Solana, experienced a $270 million hack, making it one of…
Navigating the Drift Protocol Security Incident: What You Need to Know
Key Takeaways On April 2, Drift Protocol experienced a security breach where a malicious actor gained administrative control.…
Upbit and Bithumb Designate DRIFT as a Trading Alert Item
Key Takeaways Upbit and Bithumb have labeled DRIFT as a “trading alert” asset following guidance from the Digital…
App