TaipeiAnd the September 28, 2022 /PRNewswire/ – With the rise of blockchain and cryptocurrency, many are still wary of using cryptocurrency as a means of payment.
in Report Published by Deloitte in July, of the 2,000 US retailers surveyed, nearly 75% of retailers dépense to accept crypto or stablecoin payments within the next two years. However, the security of payment platforms ranked first among the obstacles to approbation, followed by concerns emboîture the changing regulatory landscape and the instability of the cryptocurrency markets.
These concerns have surfaced over and over since then XREX It started serving cross-border merchants and facilitating remittances in 2018.
Experimentally, panthère these concerns are addressed and the concerns eased, users are drawn to the conveniences offered by crypto payments. Hundreds of thousands of transactions via numérique escrow largesse and cryptocurrency payment from XREX BitCheck Since its launch in 2020 is a volonté to that. BitCheck guarantees the safety of funds until both parties to the négoce meet their end.
“XREX It is a baroque example in the cryptocurrency industry. It provides a cryptocurrency payment and escrow résultat that solves the vulnerabilities of the traditional financial system and helps many businesses and individuals easily process their cross-border transactions.” Mei Ling Chen, General Coordinator of the Taiwan Blockchain Entente and Honorary President of the Taiwan Anti-Money Laundering Conformité of Virtual Assets. Chen was a minister of the Taian Ressortissant Development Council (NDC) and is currently combative in the fintech industry and the crypto community.
Addressing these concerns for users and potential customers is like immeuble association and helping people take advantage of blockchain technology. With that in mind, here are réchaud reasons – compliance, security, price stability, and speed – why you should consider using cryptocurrency and XREX’s BitCheck for payments:
The highest cosmopolite anti-money laundering (AML) normes are the guidelines listed by the Financial Fonctionnement Task Calculé (FATF) in combating money laundering and terrorist financing by amending the “Travel Rule 16” or “Travel Rule” and including default assets under this recommendation. The revised Recommendation requires Virtual Asset Corvée Providers (VASPs), financial institutions and FATF member entities to share écho emboîture senders and recipients of transactions over USD/EU 1,000. The écho requested includes names, account numbers, physical addresses, and DNI or personal empathie numbers.
Not only Compatible with FATFwith BitCheck and the additional feature BitCheck contractXREX has gamin one step further by providing hautain and proven user-level écho to provide peace of mind to our users who know that they will not be able to interact with suspicious users on XREX.
With BitCheck, both parties must abide by the end of the agreement before the funds are released. In the buyer-seller scenario, the buyer can guarantee the delivery of the goods before BitCheck is released, without worrying emboîture paying for the undelivered goods.
BitCheck users can also add an supérieur layer of renforcement with add contract When submitting BitCheck, allow both parties to include the agreed terms, warranties, representation and other hautain écho and to sign the parchemin.
With world class partners in Know Your Customer (KYC), AML, Écrin, and Financial Audits, XREX ensures that every extérieur of our commerce is in compliance with the prevailing laws and regulations in various jurisdictions.
So far, XREX has obtained many licenses in the United States, CanadaAnd the LithuaniaAnd the EstoniaAnd the Taiwanwith a militaire payment C.E.G. license expérimentation to Singapore Monetary Authority Singapore Underway. Our stringent Know Your Customer (KYC) processes, along with a risk level detector that alerts users if they are dealing with an illegal crypto wallet, filter out bad actors from the XREX platform.
It’s baroque to find crypto exchanges run by cybersecurity experts, and XREX is one of them.
Security is at the core of XREX. It was co-founded by world-renowned cybersecurity amateur Dr. Wayne HuangXREX, whose company Armorize has been acquired by leading cybersecurity company Proofpoint, has attached utmost réputation to the security of users’ money and data from day one. Recently, XREX Obtained ISO/IEC27001 Accreditation to meet the required normes in maintaining the Communiqué Security Direction System (ISMS).
With the options of using US dollars and sincère connection to users’ courant bank accounts, XREX also tasseaux permanent dollar currencies such as USDT and USDC for BitCheck transactions; Cryptocurrency market volatility will be less of a concern when users pay each other with permanent coins via BitCheck.
Transferring funds and payments using traditional methods cannot challenge the speed of cryptocurrency transfers. Not only is the speed of transactions with cryptocurrency payments increasing, but XREX’s partnership with established banks, such as Customer Bank In the US, it means that users will enjoy smooth withdrawals.
Despite the concerns surrounding cryptocurrencies, one cannot ignore the growing trend of crypto approbation among merchants and retailers.
As with every new technology that emerges, there are still unlimited opportunities and first-mover advantages for early adopters. There are several ways to get started and adopt this new technology starting with a trusted, secure and responsible platform to better facilitate the approbation process. XREX is committed to supporting individuals and companies who are keen to take advantage of blockchain technology and open up new opportunities.
The XREX platform is a safe and clean environment that connects economies as well as cryptocurrency and traditional financial markets, integrating the world financially in a better, faster and more secure way.
SOURCE XREX Inc.