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XYRA Corp. Announces Strategic Focus on Honduras as a Priority Remittance & Digital Transfers Market
Globenewswire· 2025-12-04 14:44
Core Insights - XYRA Corp. is prioritizing Honduras as a key market for expansion, aiming to enhance its presence in Central America [1][6] - The remittance market in Honduras is significant, with over $9.5 billion received in 2024, primarily from the United States, indicating a strong opportunity for modern transfer solutions [2][5] - The company’s platform is designed to provide faster settlements and lower fees, catering to both banked and cash-dependent users in Honduras [3][5] Company Strategy - The recent appointment of José Rodolfo Zelaya as Strategic Advisor is expected to bolster XYRA's leadership and provide valuable regional insights for executing its strategy in high-impact markets [4][5] - XYRA's technology aligns with local regulations, ensuring compliance by delivering payouts in local fiat through regulated institutions, which facilitates market entry [6] - The company aims to modernize cross-border transfers and explore real-estate tokenization opportunities in Honduras, leveraging existing relationships and experience [5][6] Technological Infrastructure - XYRA's platform supports real-time remittance and cryptocurrency transactions, along with instant fiat conversion, enhancing the overall user experience [3][9] - The technology is designed to integrate seamlessly into XYRA's broader AI-driven, quantum-secure ecosystem, offering multi-currency and multi-rail support [9]