Xago

Xago is a cross-border money movement and exchange platform for businesses and individuals that want faster, lower-cost international transfers and better protection from currency volatility.

Key capabilities include:

• Stablecoins pegged 1:1 to fiat currencies, designed to help users trade and transfer value with reduced volatility (for example, stablecoins for supported currencies such as USD and GBP).
• Crypto asset gateway (fiat-to-crypto exchange) for converting funds to and from crypto assets through an exchange platform.
• On- and off-ramps that enable money movement into and out of fiat currencies, with transactions tracked on a blockchain ledger.
• Cross-border transfer pathways built on Ripple’s XRP Ledger, coordinating transfers of value to destinations where funds can be converted into the required currency (fiat), then withdrawn or sent to a crypto address.

Available on Web (secure login and registration via the online exchange).

Targeted at B2B and B2C use cases, including financial institutions, eCommerce businesses, retailers, mobile operators, and crypto exchanges, as well as individuals making international transfers or trading funds.

Notable in the African context because it positions stablecoin-based transfers as a way to address cross-border payment costs and currency volatility, and it operates from South Africa as a licensed Crypto Asset Service Provider (FSP No: 53416), with an Australian entity registered with AUSTRAC.