A financial technology firm has officially launched VIXA, an AI-driven cryptocurrency and payment platform engineered to streamline cross-border transactions.
BitMigo Technologies a Nigerian fintech company has introduced VIXA an AI-driven platform enabling cross-border crypto movement, conversion and usage via WhatsApp.
Rather than relying on traditional crypto exchanges VIXA lets users directly manage their cryptocurrency wallets via standard WhatsApp chats.
Via the platform, users can buy, sell, swap, send, receive and withdraw supported digital assets by initiating trades through chat and confirming them before execution.
The platform links users to supported financial infrastructure across 19 African markets, including Nigeria, Kenya, Uganda, Ghana, Rwanda, Tanzania and Malawi.
The company stated that the service targets Africans who work, travel, conduct trade or maintain financial connections across multiple borders.
For instance, a Nigerian traveler or businessperson in Kenya, Uganda, or Rwanda can manage supported digital assets via VIXA depending on localized services and payment channels.
VIXA relies on stablecoins, local payout infrastructure and conversational AI to remove the hassle of navigating multiple exchanges, blockchains, wallet addresses and financial apps.
BitMigo stated that qualifying transfers carry zero fees and can take as little as 60 seconds to process, subject to factors like the asset type, payment route, blockchain network and transaction nature.
VIXA is also positioning itself as a streamlined alternative to manual peer-to-peer crypto trading by offering competitive exchange rates.
Beyond crypto, VIXA is developing features to provide access to tokenized equities enabling users to invest in select public companies across the United States, Europe and Asia.
The company noted that its planned investment catalog could expand to over 200 companies depending on local regulatory approvals and market conditions.
Additionally, VIXA intends to roll out virtual and physical cards allowing users to spend directly from their VIXA account balances at supported digital merchants and brick-and-mortar stores across participating African countries.
Co-founder Saviours Daniel emphasized that streamlining cross-border transactions lies at the core of the company’s vision, noting that managing money across Africa’s fragmented financial landscape should be far simpler for everyday users.
He noted that Africa’s high financial fragmentation makes cross-border business, travel and remittances unnecessarily complex adding that the platform aims to make everyday cross-border money management far simpler.
See also: Standard Bank and UnionPay Expand Across Nine African Nations
Co-founder Oladipo Victor added that VIXA focuses on simplifying financial services through conversational interactions, stating that users should not need to understand complex exchanges, blockchain networks or off-ramps just to transfer their own money they can simply state their request, review the transaction details and confirm.
He explained that users shouldn’t have to navigate exchanges, blockchain networks or off-ramps just to transfer funds, highlighting that VIXA lets users simply state their intent, review the quote and confirm the transaction.
BitMigo Technologies built VIXA with the long-term goal of leveraging AI-powered financial services to simplify how people across Africa transfer, manage, and spend digital value.
