Singapore-based payments platform Everex is to expand its US operations from New Jersey to six other US states in 2019.

With the news that Everex is now able to onboard US clients in New Jersey, the company has revealed it has no intention of stopping there, with Tennessee, California, New York, Washington, Florida and Pennsylvania all firmly in its sights over the course of this year.

With Everex, small- and medium-size businesses can securely send and receive payments to and from abroad in any currency, safeguarded by smart contract technology and what the platform claims are the best exchange rates available.

With the launch of Everex US in January of this year, COO Anna Vladi sees this as a springboard for further widening its US operations in order to replicate its successes in Asia, where the platform has been active in enabling remittances between Asian countries with minimal banking infrastructures. Vladi outlined the company’s current progress for launching its new US-based market:

“I want to be clear we do not have yet our full license, however, we can start the very important test of onboarding clients, doing crypto-crypto transactions and letting clients exchange fiat-crypto in our wallet.”

Vladi says that the overall aim of the company in 2019 as it moves into the US will be to expand into other US states through an integration with banks and third-party e-commerce providers, following through on its initial work since its January launch. The next step will be to apply for money transmitter licenses in the new jurisdictions.

On the news that the company, which utilizes the Ethereum blockchain for all its services, was now able to onboard clients in NJ, Vladi commented, “Having ability to compliantly onboard customers is the first critical step in our multi step plan, so we are well on the way!”

This positive news saw Everex (EVX) trading 2.1% higher against the USD reaching a market cap of USD 6.75 million at the end of last week.

 

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