Taipei based provider of business blockchain services like a crypto-fiat exchange raised $17m in Seed funding led by CDIB Capital Group.
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XREX raises $17m in Seed funding
XREX co-founder and CEO Wayne Huang said, “We keenly understand the struggles faced by many cross-border merchants who lack safe access to U.S. dollar liquidity.” In response, his firm is working with regulators and financial institutions to develop tools that will aid merchants and small businesses in emerging markets to reduce forex loss and gain more reliable access to U.S. dollars.
