Xago Technologies Seeks To Provide Innovative Money Movement Strategies
Xago Technologies Seeks To Provide Innovative Money Movement Strategies. Xago Technologies was founded in 2016 by Jurgen Kuhnel, Sonya Kuhnel and Mark Chirnside to harness the power of mobile, retail networks and blockchain technology to play a crucial role in transforming the payment industry, particularly in Africa. It provides innovative money movement that changes the way money flows, what it costs and how long it takes to reach a destination by bypassing traditional payment rails, providing secure, traceable and effective solutions to all elements of the financial ecosystem.
The Xago team continues to develop bespoke, highly secure, fast and fully compliant products and services including a payment gateway, trade exchange, fiat on- and off-ramps based on trading ZAR/XRP cryptocurrency on the XRP Ledger, minimising currency exchange fluctuation risk.
Mark Chirnside is Chief Executive Officer of Xago. He is a highly successful, experienced global fintech executive and board-level expert. He has spent over 20 years founding, building, leading, raising investment funds and transforming multi-million-pound solutions for brands such as Orange, Ukash, Naspers PayU, ThisIsMe, Entersekt and now Xago.
Jurgen Kuhnel operates as the company’s Chief Commercial Officer. Jurgen is one of South Africa’s leading blockchain and XRP evangelists and has been involved with crypto since early 2012. He initially founded a QR mobile payment start-up utilising credit cards but realised the power of blockchain to facilitate financial transactions. The start-up pivoted and is now Xago Technologies.
The company has built a bespoke transformational platform which connects consumer wallets that store crypto assets, fiat currency or rewards with the retailers. This process bypasses traditional payment rails and enables consumers to use this value to make payments, deposits and withdrawals at the point of sale, efficiently and cost effectively.
Xago’s Xchange enables its clients to buy, trade, send and receive ZAR/XRP cryptocurrency on the XRP Ledger within an average of 3.8 seconds, minimising their risk with currency exchange fluctuations. Xago believes that harnessing the powerful combination of mobile, retail networks and blockchain technology will play a crucial role in transforming the payments, particularly in Africa where it has an opportunity to re-imagine the way money flows, what it costs and how long it takes to reach a destination.
