XBO.com launched its crypto exchange earlier this month, securing licenses in Australia and Poland. The platform itself merges gaming-inspired UI and top security solutions to offer traders a user-friendly and reliable alternative to existing crypto exchanges.
To boost the platform’s impact across various markets, the crypto exchange has now entered into a partnership with PayRetailers group to expand operations in Latin America.
Spanish company PayRetailers group is an expert in cross-border payments with more than 250 payment methods operating from 9 offices throughout LATAM. In fact, PayRetailers is the main LATAM FinTech payments specialist. The company recently acquired two online payment platforms, Paygol of Chile and Pago Digital of Colombia to further strengthen its position in the LATAM payments market.
Gilad Shalem, Chief Payment Officer at XBO.com, said:
“Using PayRetailers’ array of payment methods will allow us to tap LATAM markets and offer a fast and frictionless experience to our clients when it comes to fiat on-ramping and off-ramping.”
The payment platform of PayRetailers uses API technology to link Latin American customers with foreign retailers and provide a seamless payment process.
It offers the distinct advantage, from the merchant’s point of view, of removing the challenges related to integrating different acquirers and payment methods, creating several local companies, and managing pay-in and payout processors separately.
Through the partnership, XBO.com will be able to offer Latin American users to seamlessly trade and invest cryptocurrencies on the XBO.com platform as well as exchange fiat for crypto.
PayRetailers’ various APM methods will be integrated into XBO.com, allowing the exchange’s LATAM users to swap crypto for fiat, withdrawing it directly to their bank account.
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