Finance
PEXX Announces Strategic Acquisition of Chain Debrief
Global Banking & Finance Review®
Company
Singapore, Singapore, August 20th, 2024, Chainwire
PEXX, an innovative fintech startup specialising in stablecoin cross-border payments, is excited to announce the acquisition of Singapore-based blockchain media platform, Chain Debrief for an undisclosed amount, following its successful raise of $4.5 million led by TNB Aura and ANTLER. This strategic move aligns with PEXX’s commitment to expanding its footprint and fostering deeper engagement within the global blockchain community.
“The acquisition of Chain Debrief represents a significant milestone in PEXX’s journey to revolutionise the global financial landscape. By integrating Chain Debrief’s rich content and community insights, we are not only enhancing our platform but also empowering our users with the knowledge and tools they need to navigate the complex world of blockchain and cryptocurrencies. This strategic move underscores our commitment to expanding our influence and fostering greater engagement within the Southeast Asian blockchain ecosystem, while staying true to our mission of making cross-border payments fast, affordable, and accessible to all.” — Marcus Lim, CEO of PEXX
Through this acquisition, PEXX plans to enrich its platform by integrating Chain Debrief’s extensive library of content including articles, tutorials, and expert analyses directly into the PEXX user experience. This will provide users with easy access to the latest information on blockchain technology, cryptocurrencies, and regulatory developments to aid them in making informed decisions.
Additionally, the acquisition of Chain Debrief serves as a vital channel for PEXX to enhance its community, particularly in Southeast Asia. By continuing Chain Debrief’s mission of crypto education, PEXX will provide users with the resources needed to navigate the rapidly evolving world of cryptocurrency. This move also supports PEXX’s broader vision of encouraging crypto investment and adoption across the region.
“We’ve always been passionate about educating and empowering our community with the latest in blockchain and crypto. Now, with PEXX’s innovative approach to cross-border payments and their commitment to expanding financial access, we have the opportunity to bring our content and insights to an even broader audience. ” — Jacky Yap , Founder of Chain Debrief
As PEXX continues to grow and expand its offerings, the acquisition of Chain Debrief represents a significant milestone in its journey. The company remains committed to its mission in providing fast and affordable cross-border payment transfers, while also contributing to the wider blockchain ecosystem through education and thought leadership.
About PEXX
PEXX is a pioneering stablecoin cross-border payment platform that simplifies global money transfers. By offering secure, fast, and cost-effective solutions, PEXX enables users and businesses to off-ramp stablecoins like USDT and USDC to fiat in 16 currencies directly into bank accounts. PEXX’s innovative platform bridges the gap between traditional finance and the world of cryptocurrencies, making global money transfers seamless and efficient.
Users can stay connected with PEXX: https://linktr.ee/pexxme
PEXX Marketing
PEXX Technology Pty Ltd
marketing@pexx.com
A stablecoin is a type of cryptocurrency designed to maintain a stable value by pegging it to a reserve of assets, such as fiat currencies or commodities, making it less volatile than other cryptocurrencies.
Blockchain is a decentralized digital ledger technology that records transactions across many computers in a way that ensures the security and transparency of the data.
Cryptocurrencies are digital or virtual currencies that use cryptography for security, operating independently of a central authority, and are often based on blockchain technology.
Cross-border payment refers to transactions where funds are transferred from one country to another, often involving currency conversion and international banking regulations.
Fintech refers to the integration of technology into offerings by financial services companies to improve their use of financial services, making them more efficient and accessible.
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