Finance Feeds logo

Crypto platform XBO.com taps PayRetailers to improve deposits and withdrawals in LATAM

Rick Steves

“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.”

LATAM-based cross border payments specialist PayRetailers has partnered with crypto exchange XBO to boost the platform’s expansion in the continent.

PayRetailers boasts more than 250 available payment methods and operates from 9 offices throughout Latin America. By partnering with PayRetailers, XBO opens the door for Latin American users to seamlessly trade and invest cryptocurrencies on the XBO platform as well as exchange fiat for crypto.

PayRetailers enhances XBO’s fiat on-ramping and off-ramping

PayRetailers’ various APM methods will be integrated into XBO, allowing the exchange’s LATAM users to swap crypto for fiat, withdrawing it directly to their bank account.

XBO.com recently launched its platform that merges gaming-inspired UI and top security solutions to offer traders a user-friendly and reliable alternative to existing exchange platforms.

The platform offers a loyalty program that guarantees benefits to users with each accumulation of points and transition between the stages, as well as one of the most appealing referral programs on the market today with luxurious trading fee rewards.

PayRetailers’ payment platform leverages API technology to connect Latin American users with international merchants, offering a seamless payment experience. From the merchant’s perspective, the solution has the distinct advantage of eliminating the hurdles associated with integrating multiple acquirers and payment methods, setting up several local entities, and managing pay-in and payout processors individually.

Gilad Shalem, Chief Payment Officer at XBO.com, commented: “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.”

XBO.com meets the need for a user-friendly and accessible crypto trading platform. Leveraging an intimate familiarity of crypto users’ pain points and a deep understanding of social gaming UX, XBO.com makes buying and selling digital assets simple and enjoyable for both amateur and experienced crypto users who find traditional crypto trading platforms intimidating.

Last week, XBO.com announced the launch of its Crypto Exchange with a gaming-inspired UI to make buying and selling digital assets easier, securing licenses in Australia and Poland.

Subscribe

Read this next

Fintech

TNS brings full-stack market data management to EMEA

“We are also delighted to have Ben Myers join our London-based TNS Financial Markets team as Head of Strategic Sales for EMEA, to bolster our presence in the region.”

Chainwire

Velocity Labs and Ramp Network facilitate fiat to crypto onramp on Polkadot via Asset Hub support

Velocity Labs is proud to announce a fiat to crypto onramp using Ramp Network through the integration of Asset Hub. Through it, Ramp will be able to service any parachain in the Polkadot ecosystem.

Symbol of Ramp network
Executive Moves

INFINOX hires Mayne Ayliffe as Global Head of HR

“I look forward to working with our teams around the world to develop a strategic HR agenda that supports high performance and is centred on human motivation.”

Mayne Ayliffe joins INFINOX
Fintech

Sterling to provide risk and margin support for fixed income

“Firms must have the tools to effectively manage their risk across all asset classes. As yields rise, we see more exposure from clients in the fixed income space. We understand their need to measure and mitigate risk in a highly regulated environment.”

Retail FX

FXOpen launches HK share CFDs: Tencent, Alibaba, Xiaomi, Baidu

Hong Kong share CFDs will be commission-free for a limited period of time.

Retail FX

IronFX Celebrates an Award-Winning Start to 2024 with a Series of Industry Recognitions

IronFX, a global leader in online trading, has embarked on 2024 with a spectacular display of accolades that highlight its commitment to excellence and innovation in the competitive financial services sector.

Industry News

FIA urges CFTC to regulate use cases rather than AI itself

“We urge the CFTC to refrain from crafting new regulations that generally regulate AI because this approach presents certain well-known pitfalls. By approaching the issue from the perspective of AI as a technology, rather than the use case for the technology, corresponding regulations would likely necessitate a definition of AI. We anticipate that any attempt to properly define AI would be very challenging and require considerable resources.”

Education, Inside View

The Power of Public Relations in Finance: Shaping Perceptions & Building Reputation

It’s safe to say that the finance industry has faced its share of reputation crises over the years, from the 2008 financial collapse to the many scandals around irresponsible lending, political corruption, and even Ponzi schemes. 

Journalists interviewing a man with blue and red microphone
Digital Assets

Crossover’s crypto ECN executed over $3 billion in Q1 2024

“Our growth is also driving continued increases in the percentages of trades that are ‘Order Crossing Order’ (OXO). Currently, roughly 10% of all trades executed on CROSSx are OXO, another differentiator in our platform’s capacity. This capacity and our unique execution model provide value to both the market maker and taker, as evidenced by our commercial model.”

<
✖