TechX Technologies Inc is a company, which is having much focus on emerging technologies. It comes with enhanced growth in various sectors, which also includes crypto and blockchain, along with AI and cloud technologies. They are much pleased to announce in their latest press release that the company has obtained 100% of interest in XPort Digital Limited.
XPort is a merchant service for fiat-to-crypto gateway solutions. It offers credit card processing for various cryptocurrency exchanges, wallets, along with other cryptocurrency businesses. The credit card processing of XPort facilitates real-time competitive cryptocurrency pricing, along with low transaction fees. Also, XPort’s fiat-to-crypto on the ramping service is offering a plug-and-play customizable widget. It can be set up quickly for merchants to process credit card transactions in a more instant and secure way.
In addition to this widget, merchants can also use Xport’s API to integrate it directly with their platform. Aaron Carter, who is the CEO of XPort Digital, is having an extensive background in the finance industry and worked along with almost 500 fortune companies focused on investment banking, market data, online brokerage, and the US equity exchange. At AlphaPoint, Mr. Carter had played a significant role in the building of the whitelist exchange platform. Also, he formulated a cohesive customer onboarding process, which permitted sales to optimize their deal flow and surpass their targeted goals.
At BATS Global Markets, Mr. Carter has developed the surveillance and optimization programs of the exchange. Those programs offered a decreased latency with increased daily trading volume of market share. At the same time, they ensured the SEC regulations.
“My goal for XPort Digital Limited is to create a company that is not only a key player in the crypto space but one of the cutting-edge industry leaders that other companies see as a benchmark for performance. I’m excited to join the TechX team and look forward to building a solid and profitable business. Merchants, exchanges, and other cryptocurrency businesses can connect their cryptocurrencies to the platform and embed our white-label widget in their platform and be up and running within a few days,” said Aaron Carter, the CEO of XPort.
He continued saying, “Consumers will also be able to purchase cryptocurrencies without signing up for an account on our upcoming website, buybitfast.com very shortly.”
TechX is very excited to announce the acquisition of XPort. With the explosion of exchanges with newer tokens, which are popping up daily, and the lack of fiat-to-crypto on-ramping services, it is simply a great opportunity for Xport and TechX.
TechX has entered into the share purchase agreement to which XPort’s shareholder agreed to sell all shares that are being issued and have an outstanding in consideration with the issuing of 5252100 common shares. It is having a deemed value of $0.952/share for the consideration of C$5000000.