Roxe Expands to Africa and India, Partners with N2Xpress to Launch Remittance Pilot Program
By: Crypto Doyle
Tags: Blockchain, Nigeria, Remittances, India, Cross Border Payments

Roxe Expands to Africa and India, Partners with N2Xpress to Launch Remittance Pilot Program

Partnership is Designed to Enable Beneficiaries in Nigeria and India to Receive Remittances from Senders Using the Roxe Payment Network

Today we’re thrilled to announce N2Xpress will begin a pilot program as a Roxe payment node to provide remittance services to beneficiaries in Nigeria and India. Roxe, our next-generation, open global payment network, is designed to save financial institutions significant time and costs by using blockchain technology to provide fast, inexpensive, and highly reliable clearing and cross-border settlement of payments and remittances.

On the heels of our recent partner signings with ECS Fin and Onchain Custodian, the news continues Roxe’s momentum by expanding into Africa and India, and is another step forward in the integration of traditional finance with decentralized technologies. Roxe connects centralized financial institutions with decentralized networks to provide simple, fast, and flexible global settlement solutions for payment providers, asset exchanges, banks and remittance companies.

“The US to Nigeria and US to India are large, important remittance growth markets for us as Roxe leads the payments industry shift from a traditional account model to a new blockchain-enabled paradigm,” said Haohan Xu, CEO of Roxe. “Today’s international payment and remittance systems are too slow, too expensive, and too unreliable. Our partnership with N2Xpress can enable Roxe customers to send remittances much faster, cheaper, and more reliably to these new markets.”

In addition, N2Xpress will test the requirements to potentially become one of the supernodes on Roxe Chain, the blockchain technology powering the Roxe network that’s owned and administered by the Roxe Chain Foundation. A complete overview of the role and value of Roxe Chain supernodes can be accessed here.

“Our partnership with Roxe reflects our ongoing commitment to providing the easiest, fastest, and most cost-effective remittance services to all of our customers,” said Kunbi Oguneye, Founder of N2Xpress. “Our mission is to make money transfers more meaningful for families and individuals living between countries, so they can save more and do more. Our partnership with Roxe will allow us to advance our mission even further.”

Roxe’s technology allows member nodes to access a permission blockchain network so they can settle in seconds instead of days. Unlike previous approaches that attempted to enable clearing and settlement via the use of one digital asset, Roxe member nodes can transfer and settle many different assets and asset classes, including USD, several major fiat currencies, and fiat from select countries with large remittance markets such as Nigeria, Egypt, Turkey, India, Philippines, Mexico, and Brazil.

About Roxe Inc

Roxe is a next-generation, open global payment network. Roxe uses blockchain technology to unify fragmented global payment systems so that payment providers, asset exchanges, banks, remittance companies and consumers can make the fastest, least expensive, and most reliable payments anywhere in the world. Roxe removes barriers of time, geography, and currency so that financial value moves with unprecedented speed across the globe. The company’s smart payment technology automatically uses the best route for the lowest-cost payments. Powered by Roxe Chain, a hybrid blockchain purpose-built for payments and other value transfer applications, Roxe also empowers its partners to offer their end customers ultra-fast remittance and payments products. Roxe is designed to be the fundamental component of the global payments industry and is compatible with any traditional and digital financial system. For more information, click here.

About N2Xpress

N2Xpress is changing the way money transfers work, creating a better experience for everyone around the world. The company specialises in sending money across borders and paying overseas bills directly, serving popular markets including Nigeria, Ghana, Kenya, South Africa, West Africa, India and the Philippines with more to come. As a high-technology player with strategic partnerships, N2Xpress gives people living between countries the means to do more with money transfers and stay connected in a meaningful way. For more information, visit https://www.n2xpress.com/.