Xago Expands Global Reach with AUSTRAC Registration and New Currency On/Off Ramps
Cape Town, South Africa – [14 April 2025] Xago, an innovative crypto fintech company providing payment solutions and exchange services built on the XRP Ledger, is proud to announce a major step in its global expansion strategy. Xago recently established a new entity called Xago Australia Pty Ltd which has officially secured AUSTRAC registration as […]
Cape Town, South Africa – [14 April 2025] Xago, an innovative crypto fintech company providing payment solutions and exchange services built on the XRP Ledger, is proud to announce a major step in its global expansion strategy.
Xago recently established a new entity called Xago Australia Pty Ltd which has officially secured AUSTRAC registration as a digital currency exchange (DCE). This milestone significantly strengthens Xago’s presence in the Asia-Pacific region and ensures compliance with Australia’s financial intelligence and anti-money laundering regulations.
Furthering its mission to make cross-border payments faster, more affordable and more accessible, Xago has also launched new currency integrations and partnerships:
- Xago is now live with NGN, introducing seamless on- and off-ramp capabilities for the Nigerian Naira (NGN), catering to one of Africa’s largest and most dynamic markets.
- Xago has partnered with OpenPayd to streamline its euro (EUR) services with improved SEPA and SWIFT facilities for both on- and off-ramping.
With these advancements, Xago now supports six major currency-backed stablecoins:
USD, GBP, ZAR, NGN, EUR and AUD.
“These developments reflect our ongoing commitment to empowering individuals and businesses with accessible, compliant and secure digital payment solutions,” says Jurgen Kuhnel, CEO of Xago. “Our AUSTRAC registration, along with the expansion of supported currencies, is a critical step in delivering real impact across borders, especially for emerging markets.”
Xago’s innovative platform continues to transform the way money moves globally, offering quick settlement, low fees and regulatory transparency across multiple jurisdictions.
About Xago
Founded in South Africa in 2016, Xago Technologies (Pty) Ltd is a fintech company that leverages the speed and scalability of the XRP Ledger to provide digital payment solutions for individuals and businesses. With a strong focus on innovation, security and compliance, Xago enables clients to send, receive and exchange currency-backed stablecoins quickly and efficiently across borders.
Media Contact:
Adele Nell
Email: [email protected]
Website: www.xago.io