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

Huang Renxun's Latest Podcast: Will NVIDIA Reach $1 Trillion? Will the Number of Programmers Increase Instead of Decrease? How to Deal with AI Anxiety?

Besides Resolv Hack, This DeFi Vulnerability Type Has Occurred Four Times

Trump Cries Peace, $1.5 Billion Dash | Rewire News Evening Brief

From x402 to MPP: Cloudflare's crucial vote, will it go to Coinbase or Stripe?

BlackRock CEO issues annual open letter: The wave of tokenization has arrived, and we will lead this trend

When Backpack backstabs the community

When gold is no longer a safe haven, and Bitcoin continues to panic

Trump, the World's Largest Oil Trader

If the US and Iran have not reached an agreement in 5 days, what other cards does Trump have?

Tether Whale Dumps £12 Million, Backing Crypto’s ‘British Trump’

Ethereum Foundation Post: Rethinking the Division of Work Between L1 and L2 to Build the Ultimate Ethereum Ecosystem

Two Major Prediction Market Platforms Unite Rarely, What Is the Story Behind This New Fund?

Dragonfly Partners: Most agents will not engage in autonomous trading, how can crypto payments prevail?

US AI Startup Goes All In on Chinese Mega-Model | Rewire News Morning Brief

Trump Lies Again: A "Five-Day Pause" Psyop, How Wall Street, Bitcoin, and Polymarket Insiders Synced Uposciogen

When a Token Becomes Labor, People Become the Interface

Ceasefire News Leaked Ahead of Time? Large Polymarket Bets on Outcome Before Trump's Tweet

