Apifiny officially announced the launch of Roxe, our Instant Global Settlement Network, bringing unprecedented settlement speed to banks, countries, payments platforms, trading platforms and trading institutions.
Financial media outlet Finance Magnates was among the first to report the news. FM writer Arnab Shome said, “Apifiny, a blockchain-based payments company, announced on Tuesday the launch of Roxe, a payment clearing and settlement network for both traditional and digital assets. With this blockchain-based network, the San Francisco-based company’s goal is to tap the cross-border payments transfer market with global bank partnerships.”
Shome went on to note, “Unlike other blockchains like Ripple that uses digital tokens, Roxe follows a different approach for settlement. The company explained that it uses a new concept of Smart Proof of Ownership settlement nodes that maintain custody of assets on behalf of network members, and instantly settle transactions between network nodes by accounting for inter-exchange transactions and providing instant proof of ownership (Smart OP), mapping fiat and digital currency into a unified asset network.”