Today, Xfers & SEBA bank jointly announce that we've been named among the 15 finalists for the Global Central Bank Digital Currency (CBDC) Challenge organised by the Monetary Authority of Singapore (MAS).
Based in Singapore and Canada, COINUT (COIN Ultimate Trading) is a cryptocurrency exchange platform that aims to make buying, selling, and trading cryptocurrencies easier, faster, cheaper, & most secure for everyone. COINUT users can now receive an equivalent amount of XSGD when they deposit Singapore dollars via bank transfer into their COINUT account, under the XSGD Balance tab.
At Xfers, the safety of our users comes first. We take a hard stance against scams and work tirelessly to identify and stop them before the damage is done. From phone and email scams to scams through third-party software, we pride ourselves on staying up to date with new and emerging cybersecurity threats.
Polygon (Previously known as the Matic network) is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks. Also known as a layer-2 scaling platform, the Polygon chain exists on top of the Ethereum blockchain. The Polygon chain boasts lower gas fees and faster speeds in comparison to the Ethereum blockchain. Users can transfer their ERC-20 token (now known as
1inch allows users to check prices across multiple decentralised exchanges including Uniswap and DFX Finance for the best rate for a swap. Users can find the best trading paths across multiple markets for swaps and compare routes based on returns and gas fees.
ZilSwap is a fully on-chain, decentralised exchange running on the Zilliqa blockchain.XSGD users can connect their wallet to ZilSwap to swap XSGD (ZRC-2) for ZIL, gZIL, ZWAP, and many other assets.
DFX is a decentralized foreign exchange protocol optimized for trading fiat-backed foreign stablecoins.XSGD users can connect their wallet to swap XSGD (ERC-20) for 3 other fiat-backed stablecoins, CADC, USDC and EURS at competitive rates.
Uniswap is a decentralized finance protocol on the Ethereum blockchain that is used to exchange cryptocurrencies. XSGD users can connect their wallet to Uniswap to swap XSGD (ERC-20) for ETH, AAVE, USDC and many other assets. Users can also become liquidity providers on Uniswap, where they can earn fees by providing liquidity into XSGD pools.
From March 2021 to May 2021, NUS FinTech Society embarked on an industry project with Xfers' StraitsX team. With the rise in popularity of cryptocurrency usage, there is a growing need for solutions to identify suspicious transactions and the need to educate the general public on the risks of digital assets.
As we say goodbye to the first half of 2021, the StraitsX team is excited to share that 1 billion XSGD (that's nine zeros!) has been transacted on-chain. To put that further into perspective, XSGD surpassed it's first 100 million XSGD just three months ago, in March of 2021.
Xfers has submitted a governance proposal on Aave's community forum for XSGD to be supported on the Aave lending protocol. Aave is a decentralised non-custodial lending protocol where users can participate as depositors or borrowers.
Xfers has renewed our commitment to cybersecurity by achieving ISO/IEC 27001:2013 certification. Developed by the ISO (International Organisation for Standardisation) and the IEC (International Electrotechnical Commission), the certification is globally recognised as the international standard for information security.
With the increase in the number of scam cases in 2020-2021, we would like to take this opportunity to raise awareness on common scam types and emphasise the importance of your role in safeguarding yourself against scams.
Xfers has successfully concluded a pilot test to demonstrate how the XSGD stablecoin can enable the transfer of event risks via Zilliqa blockchain-based smart contracts.
Since we introduced our digital Singapore dollar, XSGD, in October 2020, we have been working hard with partners to enable more XSGD support by different applications.
Since we launched XSGD in October 2020, XSGD has grown to a supply of over 40M with over 300M transactions completed on-chain, becoming the #1 stablecoin in Southeast Asia. We would like to express our heartfelt appreciation to all our users for making this possible.
With this investment, Xfers will serve as the designated business-to-business (B2B) arm of FFG, focused on connecting external merchants to the payment infrastr
In this instalment of the XSGD Hackathon showcase, we will be showcasing the runner-up winner — XSGDBridge.
Today, we are excited to introduce PayNow as a payment acceptance method into our Xfers Accept API!
We are thrilled to share that XSGD is now listed on Liquid Exchange with the XSGD/SGD pair.
We speak with Julian Sarcher, the winner of our XSGD hackathon on his winning submission - Zilgraph.
Xfers Dash is a quick and easy way to send funds to up to 100 recipients in one setting. No API integration is needed, just send funds directly from the Xfers
We are excited to announce the public release of XSGD, the world’s first Travel Rule¹ compliant stablecoin, backed 1:1 with the Singapore Dollar (SGD)!
New dashboard experience & new features of the Xfers Dashboard
In light of the COVID-19 pandemic, we believe that we should all do our part in combatting the virus. We are providing more visibility on our strategy in enforcing health and safety measures while being adaptable in times of crisis in ASEAN countries. We hope that these will help other businesses cope with the current crisis as well.
An enhanced ZRC-2 XSGD contract, more wallets supported and first ERC-20 XSGD tokens minted.
Xfers launches Xfers Direct to enable quick bank transfers in Singapore — powered by a single API.
Xfers has won two police awards for fighting financial crimes
Samson Leo, Co-Founder and Chief Legal Officer spoke at Deloitte’s Global Financial Crime Symposium on the evolving payments landscape
Victor Liew, Co-Founder and CTO at Xfers, was invited to a panel discussion on Libra organised by the Singapore-based community dedicated to blockchain and decentralised applications. He shared his prediction of Libra’s success, and potential difficulties Libra may encounter in engineering a fiat on-ramp infrastructure within the Southeast Asian region.
As Xfers is now a Monetary Authority of Singapore (MAS) approved holder of a Widely Accepted Stored Value Facility (WA SVF).
Xfers is proud to receive a commendation from the Singapore Police Force (SPF) during an appreciation ceremony held at the Police Cantonment Complex on 23rd May 2018.