World’s first automated p2p fiat gateway’s entrance into India, Malaysia, Indonesia and Vietnam bolstered by NGC Ventures backing.
Singapore, November 25, 2019 – XanPool, the world’s first automated peer-to-peer crypto to fiat platform, is looking to spearhead its continued expansion into Asia with a wider service offering in India, Malaysia, Indonesia, and Vietnam. Supported by NGC Ventures, one of the world’s leading blockchain investment firms, XanPool is an omnichannel solution that enables both institutional and retail users to on and off board the crypto-economy in an intuitive and resilient manner. To date, the company has established a network of more than 80 automated trusted providers across the wider Asia Pacific region.
Commenting on XanPool’s positive growth traction, Jeffery Liu, Chief Executive Officer at XanPool, said: “XanPool’s vigorous success is a reflection of our long-term vision of delivering a global, decentralized fiat gateway, regardless of jurisdiction or infrastructure. This simple belief is the core of everything we do at XanPool, which has fuelled our motivation to constantly expand our engagement with new markets and audiences. We’re truly excited to embark on the next phase of the journey.”
With more than 50,000 active users registered on the platform, and still growing 30% month on month, XanPool supports direct and instant settlement for seven countries, including Singapore, Vietnam, Philippines, Indonesia, Nigeria, Hong Kong and Ghana. The peer-to-peer platform is built on automated architecture, which derives no custody risk for market takers, and users are able to automate the process of market making through native payment transfer methods. XanPool has introduced direct gateways with PayNow, FPS, Alipay HK, and InstaPay, amongst a number of other leading liquidity providers.
Commenting on XanPool’s ambitious Asia blueprint, Tony Gu, Founding Partner of NGC Ventures said: “One of the ideological tenets of the crypto-economy is in the creation of access and mobility for the disadvantaged. With XanPool, we have witnessed how a thoughtful consideration of technology infrastructure can drive users to the ecosystem in an easy, powerful way. While we are confident that the team will deliver the initial promise of transformation that the decentralized economy has long awaited, NGC Ventures will help Xanpool to develop more stringent compliance practices with various KYC and AML checks to ensure that the business is both regulation ready and friendly.”
XanPool is currently building out APIs for users of crypto exchanges and wallet applications to access fiat currencies from accounts with ease and security. The company has also launched XanPool Loyalty Point, a loyalty and rewards programme to enhance and enrich the experience for users onboard the platform.