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Press Release: Wednesday, April 6, 2022, 17:45 CAT | Source: Xago

Xago Technologies based in Cape Town, South Africa and founded in 2016, launches seamless trading functionality in its mobile app enabling clients to trade anywhere, anytime, and with CERTAINTY. The latest version of the world-first mobile application offers all the capabilities of Xago’s Xchange platform including speed of transactions, high security, full compliance and Three Factor Authentication (3FA).

“Our clients are our first priority and we are extremely proud to launch all of Xago’s unique trading platform functionality, in our highly secure, user-friendly mobile app which is now available in both the PlayStore and iStore. As an avid trader myself, I have been intricately involved in the development of the app and am extremely pleased with the outcome, especially being able to watch the markets and trade securely on the fly, wherever I am.  We are also releasing innovative features and services within the app shortly,” announces Jurgen Kuhnel, Chief Commercial Officer and Co-founder of Xago.

A world-first. 

The revolutionary mobile app uses advanced (future generation) neuromorphic computing technologies to simulate human cognition – how the brain naturally and instinctively recognises people.  The result is a far more secure and a far more convenient client experience when registering and logging in to transact on Xago’s platform, a world-first.

Developed by research scientists not only does the app’s authentication outperform conventional biometrics (fingerprint, facial recognition, voice recognition), but it also does what no on-device biometric is able to do – certify the identity of a person by referencing identity data held by the Department of Home Affairs (DHA), in real time.

Xago’s takes security, client verification and authentication very seriously and the mobile app has now made conventional login names and passwords redundant. The app’s Three Factor Authentication (3FA) has all of the following categories: knowledge (e.g. user credentials), possession (e.g. mobile device) and inherence/biological feature (e.g. thumbprint or, in this case, neuromorphic biometric facial recognition). Clients can simply look at their phone without having to type, touch, swipe, scroll, press or enter any information, knowing that they cannot be replaced by a fraudulent person.

Official regulators, banks, eCommerce platforms, retailers, mobile operators, crypto exchanges, commodity companies and international business owners work with Xago, and this latest app release is the next step towards creating more innovative solutions for our partners across the globe.

Watch SABC TV News On Point’s Nompu Sizia interview Mark Chirnside, Xago’s CEO and Co-Founder, about the future of cryptocurrencies.

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This article is a Press Release received from Xago. Global Crypto did not receive any form of compensation for its publication, and as this material is deemed newsworthy for the Southern African blockchain industry, it was thus published accordingly.

Kratika is Global Crypto's Admin Assistant. She has extensive experience working for top tech firms from around the world, and has a wealth of knowledge in the FinTech industry.