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XanPool raises $27m for payments infrastructure
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finextra.comBy doing this, XanPool says it reduces the counterparty risk and costs associated with these forms of transfers, while also allowing the individual and business liquidity providers to earn fees of up to two per cent a month on their idle capital. The company already operates in 13 countries in Asia Pacific, with over 500,000 users and 400 business partners.Jeffery Liu, COE, XanPool, says "In the coming years, XanPool's network will look more similar to that of the Swift Network.
Just like Swift, XanPool does not hold liquidity itself, instead, it relies on the liquidity of all the participants using the network. Just like Swift, XanPool earns fees based on the communication that its software facilitates.
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