Xpayra CTO: Core system is ready, cross-border payment application begins real testing

The crypto payment and financial infrastructure project Xpayra recently announced that the first phase of the core system construction based on the PayFi architecture has been completed, including the transaction settlement engine, intelligent minting module, and compliance governance template, and has entered the multi-chain high-concurrency performance testing stage.
According to Kevin Patel, Chief Technology Officer of Xpayra, the current system has implemented an on-chain wallet and identity participation mechanism, allowing users to complete payments and collections without a bank account, and funds can be credited in real time on a T+0 basis. In terms of cross-border remittance fees, the platform has reduced costs to on-chain gas fees and matching fees, which is lower than the 3%~5% intermediary costs common in traditional financial systems. The system supports a variety of mainstream stablecoins and has automatic exchange and compliance capabilities. All transaction records can be traced on-chain, enhancing data transparency and information symmetry.
In terms of application scenarios, Xpayra has been deployed in the dimensions of enterprise and individual users. The platform provides lightweight settlement capabilities for small and medium-sized cross-border e-commerce enterprises, which can reduce exchange risks and improve capital return efficiency. For individual users, the system has implemented remote salary distribution and freelance income settlement functions, and funds can be credited in seconds through on-chain processes, reducing the threshold for use and intermediary dependence. At the same time, the team is also expanding the offline merchant network to promote the practical application of digital assets in daily retail scenarios. [Odaily Planet Daily]