SINGAPORE – 17 NOVEMBER, 2023 – XREX, a blockchain-enabled financial institution specialising in cross-border payments in emerging markets, announced today that its Singapore entity has obtained in-principle approval for a Major Payments Institution (MPI) Licence from the Monetary Authority of Singapore (MAS), the nation’s central bank and financial regulator. The… Read More

Hawala or hewala is a word derived from the Persian word havaleh, literally meaning transfer or trust. In simple words, hawala can be defined as a money transfer method, which exists outside the purview of the traditional banking system, utilizing two or more hawala dealers (also called hawaladars) for moving… Read More

Consumer-to-consumer (C2C) cross-border money transfer is defined as “Remittance”. In general terms, a remittance is a payment of money that is transferred to another party. Broadly speaking, any payment of an invoice or a bill can be called a remittance. However, remittance is most often described as any sum of… Read More

XREX is pleased and excited to introduce our advisor Robert Neivert, a serial entrepreneur who has founded or worked at eight companies with four exits. Presently, Robert is a Venture Partner at 500 startups and serves as CEO to ionobell. “Most crypto companies are focused on the technology, not the solution. XREX is… Read More