Roxe Partners with Motoverse to Advance Cross-border Remittances
The partnership enables Roxe to service C2C, B2C and B2B customers in different markets across 114 countries.
NEW YORK, October 4, 2022 (Newswire.com) - Roxe (www.roxe.io/), a blockchain company powering the next generation of payments and digital commerce solutions, today announced its partnership with Motoverse, a global remittance company. The partnership will facilitate seamless cross-border remittance payments for clients in Mexico, Brazil, Vietnam, and Single Euro Payments Area (SEPA). Motoverse will deliver the funds to its users' bank accounts, connected by the Roxe blockchain network.
This year, the global remittance market has grown to become a $700 billion industry and is projected to increase to $930 billion by 2026. By pairing a remittance company with Roxe's blockchain-based payment network, Roxe's global customers can send funds to Motoverse's existing and new users across the C2C, B2C and B2B markets.
"This partnership with Motoverse is an exciting stepping stone for Roxe, expanding our payments network to new markets and over 114 countries," said Maodong Xu, President of Roxe. "Especially with today's financial volatility, being able to disburse cross-border remittances to people all over the world is no longer a privilege—it is a necessity. Blockchain technology is the ideal solution to ensure people all over the world can receive the best possible rates and services."
Roxe has partnered with over 40 companies in the past few months in preparation of going public by the end of 2022, including Cebuana, GCash, ECS Fin, Axletree Solutions, N2Xpress, Fairexpay, Rana Express, iPay, and Treviso.
About Roxe
Roxe is a global payment network unlocking the future of finance with fast, flexible and cost-efficient blockchain payment solutions. Roxe's blockchain-enabled network efficiently moves and exchanges value by removing the barriers of time, geography, and currency. Roxe was built to unify the highly fragmented financial market, enabling payment and remittance companies, banks, central banks, and consumers to get the speed and cost savings of blockchain technology, and exchange digital assets without reliance on cryptocurrencies. For more information, visit https://www.roxe.io.
About Motoverse
Motoverse, a New York-based SaaS company, enables businesses to offer banking services with earning potential and flexibility banks don't, including FDIC-insured deposits, savings, checking, reporting, ACH, Fedwire, branded debit cards, loans as well as access off ledger within the bank, low-cost, instant global remittance. OTC, currency conversion, brokerage accounts. Additionally, Motoverse is a strong believer in providing access to the unbanked and expanding the very notion of what banking means.
Source: Roxe