Xpayra CTO: The core system is ready, and cross-border payment applications have begun to be tested

By: odaily.com|2025/07/10 15:41:32
0
Share
copy

Odaily News Xpayra, a crypto payment and financial infrastructure project, recently announced that the platform has completed the first phase of construction of the core system based on the PayFi architecture, including the transaction settlement engine, smart minting module and compliance governance template, and has entered the multi-chain high-concurrency performance testing phase.
According to Kevin Patel, Xpayras chief technology officer, the current system has realized the on-chain wallet and identity participation mechanism. Users can complete payments and collections without a bank account, and funds can be received in real time on T+0. In terms of cross-border remittance costs, the platform has compressed the costs to on-chain gas fees and matching fees, which is lower than the 3%~5% intermediary costs commonly seen in the traditional financial system. The system supports a variety of mainstream stablecoins, has automatic exchange and compliance capabilities, and all transaction records can be traced on the chain, enhancing data transparency and information symmetry.
In terms of application scenarios, Xpayra has been deployed in the dimensions of enterprises and individual users. The platform provides lightweight settlement capabilities for small and medium-sized cross-border e-commerce companies, which can reduce exchange risks and improve the efficiency of capital repatriation. For individual users, the system has realized the functions of remote salary payment and freelance income settlement. Funds can be received in seconds through the on-chain process, reducing the threshold for use and intermediary dependence. At the same time, the team is also expanding the offline merchant network to promote the practical application of digital assets in daily retail scenarios.

-- Price

--

You may also like

Morning News | Hyperliquid launches off-chain event prediction market contracts; Strategy completes $1.5 billion debt buyback; Kelp DAO announces rsETH has fully recovered

Overview of Important Market Events on May 26

Bankless Founder: Why I Sold All My ETH

We have come a long way, and Ethereum has already achieved its deserved maximum potential market value.

Senior Public Company Financial Audit: Taking Hashkey as an Example, Discussing Which Account to Include for Exchange Issued Platform Tokens?

In-depth analysis of Hashkey's IPO financial report: the platform token HSK is cleverly classified by the official as "contract liabilities" to smooth profits, and the expectation of up to 95% "dead coins" reveals a significant misalignment between the company's compliance logic and investors' specu...

How did Micron win a trillion-dollar market value while Samsung relies on technology cycles and Hynix relies on HBM?

Chip giant Micron Technology's total market value has surpassed $100 billion. It has navigated multiple rounds of industry reshuffling by controlling manufacturing costs and is currently facing a new cycle of competition in the high-end HBM segment, mid-to-low-end market competition, and adjustments...

Dialogue with AEON co-founder Leo: The real bottleneck of the Agentic Economy is not the model, but the settlement

Committed to becoming the "Stripe" of the AI payment era.

2 years, 225 times the return? Unveiling the mysterious researcher Serenity's AI "bottleneck" investment technique

Former WSB trader Serenity has achieved a staggering 225 times return on the X platform over two years, with their original "supply chain bottleneck" theory and several classic micro-cap reverse sniper case studies attracting strong market attention.

Contents

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com