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MIL-OSI: XREX Raises $17M to Expand Fiat Currency Portfolio and Partnerships
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XREX Raises $17M to Expand Fiat Currency Portfolio and
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Greater China Digest: XREX snags $17m; China Three Gorges acquires Alcazar
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Digital Currency EaaS MyXchange to Aid Emerging, Yet Volatile Economies
XREX, a blockchain TradeTech company serving cross-border businesses operating in emerging economies, today announced the launch of MyXchange, a digital currency exchange-as-a-service (EaaS) platform.
MyXchange allows money transfer organizations (MTO) to run a secure crypto-fiat exchange that features full KYC, AML, liquidity, wallet security, and fiat (US dollar, Indian rupee) on-off ramps. In the same way Shopify makes it easy to launch an online store, MyXchange simplifies creating a secure exchange, passing along low fees with seamless cross-border escrowed payments across emerging markets.
As oil prices fall, according to an earlier
U.S. private equity firm buys Latvian drone maker UAV Factory
U.S.-based private equity firm AE Industrial Partners (AEI) has acquired Latvian drone maker UAV Factory, a global leader in the tactical Unmanned Aerial Vehicle and Intelligence, Surveillance, Reconnaissance technology markets, for an undisclosed sum.
UAV Factory will be a new standalone unmanned technology platform for AEI, as the firm looks to further invest in this fast-growing market, it said.
The 2009-founded UAV Factory has delivered more than 300 aircraft to defense, intelligence, and commercial customers in more than 55 countries.
“UAV Factory’s engineering and technical capabilities, combined with its proven and growing set of technology solutions, are truly differentiated in the market,” Jeffrey Hart, Principal at AEI, said in a statement.