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

by GBAF mag
Partnership is Designed to Enable Beneficiaries in Nigeria and India to Receive
Remittances from Senders Using the Roxe Payment Network
Roxe, a next-generation, open global payment network, today announced that N2Xpress will begin a pilot program as a Roxe payment node to provide remittance services to beneficiaries in Nigeria and India. The Roxe 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 its 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, chief executive officer 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.

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