XanPool’s unique technology makes cryptocurrency payments more accessible worldwide to businesses, agencies and people. By using XanPool exchange and payment services, users can buy, sell and pay with digital currencies such as Bitcoin and Ethereum conveniently. By providing collateral-based payments and peer-to-peer exchange services on one platform, users can take advantage of special discounts when exchanging larger amounts, or cut out middle men when making regular payments.
XanPool’s strategic focus is on providing a platform for people in Asia looking for an easier, faster, and more secure way to access cryptocurrency assets.
XanPool’s security protocols also ensure that all kinds of exchanges happen quickly while keeping all information secure. The platform offers several features that ensure user funds are safe and secure during transactions. In addition, XanPool provides easy purchasing options with support for multiple payment methods like debit/credit cards and banking accounts. Finally, by setting up automatic selling/buying preferences, users can ensure they have the best market rates available at any given time. Overall XanPool’s signature technology makes it a great solution for convenient digital asset exchanges and payments for businesses, agencies and people around the world making cryptocurrency transactions easier than ever before.
Payments Firm XanPool Raises $27M in Funding Round Led by Valar Ventures
Payments firm, XanPool, has recently raised $27M in a funding round led by Valar Ventures. This Singapore-based company is trying to make cryptocurrency payments more accessible by leveraging cutting-edge technologies. This article will provide an overview of XanPool and its main offerings.
What is XanPool?
XanPool is a technology platform that enables people to purchase, store and transfer cryptocurrencies safely and securely. By harnessing the power of distributed ledger technology, customers can access various cutting-edge features to facilitate the secure handling of digital assets. It utilizes sophisticated security protocols, and its extensive partner network provides users access to a broad range of services.
XanPool’s strategic focus is on providing a platform for people in Asia looking for an easier, faster, and more secure way to access cryptocurrency assets. With XAN, its native token and key feature, it gives users more control over their digital funds. In addition, by acting as a bridge between fiat currencies and cryptocurrencies, XanPool helps make buying crypto easy while protecting users against any potential risks they may face when dealing with virtual currencies.
The company also offers comprehensive solutions for businesses looking to integrate cryptocurrencies into their payment systems by providing API solutions that enable merchants to seamlessly accept digital payments. In addition, through its platform’s escrow system, both buyers and sellers are equally protected when making or accepting payments using digital currencies – ensuring safe transactions while still enjoying the convenience afforded by financial technology solutions. Consequently, XanPool’s technological advancements continue to drastically improve accessibility and usability when dealing with cryptocurrency payments – making them safer and more user-friendly than ever before.
How Does XanPool Work?
XanPool is a payment technology platform that simplifies the use of cryptocurrencies and makes digital payments more accessible to users worldwide. The platform establishes trusted virtual currency networks, enabling users to move funds easily and securely between each other, within boundaries of trust.
Using the decentralized nature of blockchain to store encrypted credentials and exclusive global ledger, XanPool helps users realize their payment goals securely, offering features such as automated reconciliation, real-time payment and settlement, disputes resolution and fraud prevention. Transaction information is encrypted when interacting with XanPool’s user interface for maximum security.
Payments firm XanPool recently announced that it raised $27M in a funding round led by Valar Ventures.
Users can securely set up a multi-signature wallet that suits their needs from within the XanPool infrastructure; this wallet can be used for both traditional money transfers and cryptocurrency payments while supporting multiple currencies on one account. Furthermore, it enables customised accounting capabilities on an individual merchant level. Funds are transferred directly through debit cards or bank accounts in real-time so there’s no waiting time needed; instant conversion between fiat currencies is also available on certain wallets. It eliminates middlemen costs while considering affordability and sustainability at every process step.
Benefits of XanPool
Payments firm XanPool recently announced that it raised $27M in a funding round led by Valar Ventures. This groundbreaking technology enables users to make easy cryptocurrency payments and transfers. But what does this mean for customers and the cryptocurrency industry? First, let’s explore the potential benefits of XanPool’s technology.
One of the main advantages of XanPool technology is its increased accessibility for cryptocurrency payments. By allowing users to purchase and pay with cryptocurrencies such as Bitcoin and Ethereum, XanPool eliminates the need for third-party payment processors or systems like credit cards and bank transfers that can be difficult to access or require more detailed accounts. For companies, accepting payments in cryptocurrency is faster, easier and more secure than traditional options since there is no chargeback risk. Additionally, their customers can easily use these digital assets anytime from any location, giving them a much wider range of customers who may not have previously been able to access their offerings.
Payments also take less time as they are processed instantly. Therefore, merchants can offer seamless transactions with no waiting time and better rates than traditional payment forms like bank transfers. In addition, XanPool also enables merchants to accept payment in both fiat currencies (traditional) and cryptocurrencies without switching gateways or system integrations. Furthermore, businesses can keep their payments on the blockchain permanently so that their invoices and payment records are safe from any manipulations or risks that may arise during data transfers, making them highly secure and immutable. This allows companies to track every incoming deposit securely on an immutable ledger meaning funds are always safeguarded even when making international purchases.
XanPool’s unique technology offers much lower fees than other cryptocurrency intermediaries. Transactions are executed with no additional fees and no conversion is required as the platform works with multiple assets simultaneously. This means users can enjoy lower costs, enhanced transaction speeds and a simpler, more efficient overall experience. XanPool uses a network of nodes worldwide to connect buyers and sellers, giving them a safe and secure way to exchange cryptocurrencies without worrying about liquidity issues or the accuracy of prices. Fees are only paid after a trade is completed, making it easier for transactions to be performed in real-time and allowing customers to monitor their costs in one place. Furthermore, XanPool provides an end-to-end guarantee against fraudulent activities resulting from its peer-to-peer trading system, ensuring all customer funds are tracked for complete security throughout each process.
In addition, XanPool also offers integrated payment solutions that reduce the need for third-party processing systems while still providing customers access to a range of digital assets at competitive prices. Businesses can receive payments without worrying about currency conversions or lengthy settlement times. In addition, dealing directly with XanPool ensures compliance with local regulations and payment directives like PCI DSS standards from Visa and Mastercard. Overall, XanPool’s technology has created an efficient system for trading digital currencies that minimizes risks associated with investments and liquidity challenges while offering affordable fees for its services – making it an ideal choice for those looking for secure access to cryptocurrency payments.
XanPool’s unique technology makes cryptocurrency payments more accessible worldwide to businesses, agencies and people.
XanPool uses advanced encryption technology to protect user data and transactions from malicious third-party hackers or cyberattacks. To further ensure the safety and security of its customers, XanPool only stores a small chunk of sensitive encrypted data that is useless to unauthorized personnel. This data includes payment information, such as payment currency amount and beneficiary of the transaction.
All sessions between users and XanPool are behind secure TLS (Transport Layer Security) connections, allowing users to rest easy knowing their information is safe. Additionally, XanPool employs sophisticated fraud detection mechanisms and best-in-class anti-fraud tools that analyze transaction patterns to identify suspicious activities immediately to prevent illegal activities or frauds. Furthermore, the platform provides two-factor authentication for extra protection against unauthorized access attempts with all sensitive API calls using endpoint authorization tokens generated during user log in process with valid API key and API secret via integrated user authentication mechanism.
XanPool’s Recent Funding Round
Payment firm XanPool recently raised $27M in a funding round led by Valar Ventures, making it possible for cryptocurrency payments to be more accessible and reliable. This funding round comes at an opportune time as many financial institutions are tapping into the benefits of cryptocurrency. Now that they have more funding, let’s explore what XanPool’s technology can do.
Overview of the Funding Round
On February 1, 2021, XanPool announced the successful completion of its Series A+ funding round. Peak Square Capital led the round with pledges from existing investors like Genesis Block Ventures and D-Node. The investment will help XanPool expedite global expansion for their innovative cryptocurrency payments technology. XanPool, founded in Singapore in 2019, provides technology that enables global businesses to accept payouts from multiple currencies; including stablecoins and fiat currencies like USD, EUR and GBP, through their digital payment gateway. With the addition of new funds and partnerships, they are poised to launch their product into other markets worldwide, making cryptocurrency payments more accessible to individuals without requiring them to own cryptocurrency themselves.
XanPool’s technology uses an off-chain network of financial services partners and integrations that bridge traditional banking systems with blockchain networks to facilitate the transfer of funds between parties seamlessly and securely. They also provide tools for users to route transfers through optimized payment channels with limited friction and error ensuring customer’s seamless experience. With this capital injection, XanPool has plans to ramp up hiring in engineering roles while launching new products to enhance the suite of payment technologies offered by their digital marketplace platform thereby providing customers worldwide access to trusted liquidity sources as well as a range of borderless payment services that are safe and secure.
What the Funding Will Be Used For?
XanPool recently closed a successful funding round that raised $8.5 million in capital. The money will be used to continue developing and refining XanPool’s already robust cryptocurrency payment infrastructure and expand into new territory geographically. The funds will be put towards physically and functionally expanding the technology platform, enabling more regulated financial entities, including banks, fintechs and other businesses to access, transact and settle in digital assets with confidence. The funds will also help the company extend its highly reliable crypto transaction services to any country and operate successfully regardless of local prohibitions or obstacles faced by other providers in this sector.
With XAN, its native token and key feature, it gives users more control over their digital funds.
XanPool plans to use these funds to provide customers with various services from an expanded suite of products like enterprise-grade cryptocurrency custody solutions and integrate with leading decentralized finance platforms while allowing anyone to exchange assets directly in a secure peer-to-peer network without middlemen or intermediaries. This means that users can send money overseas, instantly settle money market investments, invest in digital assets or manage their private keys securely, and a broad range of other capabilities enabled by blockchain technology. By utilizing cutting edge distributed ledger technology combined with secure banking protocols and Automated Clearing House integrations combined with Anti Money Laundering (AML) compliance procedures, XanPool is set up for success – all while making cryptocurrency payments more accessible globally than ever before.
In conclusion, XanPool has created a seamless way for businesses and customers to make and receive payments in cryptocurrency. Their technology provides fast, secure, and cost-efficient transactions accessible to anyone, anywhere in the world. By taking the uncertainty out of cryptocurrency payments, XanPool is making it easier for businesses to take advantage of the many benefits of cryptocurrencies such as decentralized access and low transaction fees. For those looking to conduct international payments or those wanting more control over their financing operations, Xanpool’s technology is a great choice. With its focus on expanding access and security of digital currency solutions, XanPool is working hard to make digital currency payments a reality everywhere.