XanPool Launches XanPay – New and More Efficient form of Payment Routing

Reducing Cross Border Routing and Settlement Costs For Payment Service Providers and Their Merchants. Hong Kong - Hong Kong-based Fintech Company XanPool (the "Company") having just raised raised it's US$4.3 million in a Pre-A financing last quarter, is pleased to announce that it has launched its latest, product XanPay. XanPay is a unique payment routing technology that utilizes the Company's proprietary C2C-routing-technology and its network of Digital Currency Liquidity Providers to enable cross-border payments between payment service providers, merchants and their customers. XanPay's software allows its partners to instantly route and settle their cross border payments without any custody risk, simply by integrating with XanPay's REST API. What this means in practice, is that payment service providers that use XanPay's routing technology, are now able to settle their merchant payments instantly, at minimal cost. Whereas conventional payment routing requires long settlement times – from days to weeks – to clear payments between merchant and customer. The Company is currently already integrated with over 20 payment service providers and merchant acquirers in Asia, helping them ro...