Announces a Partnership With Xfers

Leading payments and cryptocurrency platform has entered into a partnership with Xfers. announced the partnership on Wednesday at the Singapore Fintech Festival. Xfers is a renowned Singapore-based payment processing company, and through this alliance, it will allow users to purchase and sell crypto in SGD by December 2019.

As a result of this partnership, now users can immediately purchase crypto that may include BTC, LTC, ETH, XRP, CRO, MCO in SGD. The partnership seeks to simplify the sale and purchase of cryptocurrencies with fiat currencies and boost the adoption of cryptocurrencies in Singapore.

According to our exchange review, the company is also planning to support StriatX, which has emerged as Xfer’s pilot stablecoin initiative, and XSGD, it’s Singapore Dollar-backed stablecoin. Apart from this, also strives to provide XSGD as part of Pay, its mobile payment solution that allows immediate and zero fees settlement between customers and dealers.

Tianwei Liu, Co-founder, and CEO of Xfers asserted that alliance with is vital to push our goal of establishing an open payment infrastructure for the region.

Meanwhile, Kris Marszalek, Co-founder, and CEO of said, that partnership will allow crypto purchase in SGD and on the key stablecoin initiatives covering StraitsX and XSGD. came into existence in the year 2016 and Xfers was founded in the year 2015.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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