XYRA Corp secures license for cryptocurrency payment processing

XYRA Corp., a subsidiary of Cavitation Technologies Inc. (OTCQB: CVAT), announced it has obtained a license agreement to process digital assets including Bitcoin, Ethereum, Tether, and USDC stablecoin with instant conversion to U.S. dollars or local currencies.

The license enables XYRA to accept and process cryptocurrency payments in real time. The company stated the infrastructure will allow merchants to accept crypto payments without changing existing workflows while providing instant fiat settlements to reduce price volatility concerns.

XYRA described its system as supporting cross-border transactions in multiple currencies and digital assets. The platform integrates into what the company calls its proprietary ecosystem.

"There's a clear opportunity to finally bring remittance and fintech together," said Anton Glotser, VP of Blockchain Infrastructure Technology at XYRA Corp. "From dollars and pesos to digital tokens, XYRA aims to make every transaction simple, fast, and secure."

The announcement follows XYRA's strategic partnership with Bitcoin Bancorp Inc. (OTCQB: BCBC), which will integrate XYRA's payment infrastructure into Bitcoin Bancorp's ATM network across North America.

XYRA Corp. is a Wyoming corporation focused on cryptocurrency technology opportunities. The company holds an exclusive license for Cavitation Technologies' patented fluid cooling technology for cryptocurrency mining and data center applications.

Cavitation Technologies, founded in 2007, designs flow-through nano-technology systems for fluid processing applications across multiple industries including water treatment, agriculture, and oil and gas.

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