The Circle Pressroom

Press Release
July 27, 2022

TheXchange Inc. Integrates with Circle to Enable USDC & Fiat Payments on the VirtualStaX App

Users on the VirtualStaX App can now spend USDC on the Platform to purchase Blockchain Certificates (“StaX”) issued and endorsed by their favourite sport or music icons like Global StaX Ambassadors Drew Brees, Patrick Mahomes, Von Miller, Cameron Jordan, Wendell Carter Jr, Randy Jackson and more.

Texas, July 23, 2022 TheXchange, a start-up that is launching a one-of-a-kind platform set to completely reimagine and disrupt the global fan economy, announced today the ability to use both fiat and USD Coin (USDC) as accepted payment options to buy blockchain certificates on the VirtualStaX app.  

VirtualStaX are blockchain-certificates issued by sport or music icons that can be bought, sold and traded by fans and supporters on the VirtualStaX App. Holders of VirtualStaX can have the opportunity to socially interact, buy memorabilia and collect unique StaX of their icons, and even potentially meet them in-person, all part of exclusive utility offered by the issuer.

“With Circle’s global payment solution we are now one step closer to providing StaX to the world! Truly levelling the playing field and offering talented people in every passion of life a powerful way to fund their dreams or for pros to monetize their popularity.” said Rudolf Markgraaff, Founder and CEO of TheXchange.

TheXchange’s mission to level the playing-field by allowing people in all passions of life to showcase their talents and fund their dreams on a global stage, through VirtualStaX, is now supported by enabling seamless and secure transactions with Circle’s USDC.  

Circle is a global financial technology firm that’s at the center of digital currency innovation and open financial infrastructure for the internet. Circle helps businesses accept payments and send payouts globally in one unified platform, and is the issuer of USDC, a fully-reserved dollar digital currency with over $54 billion in circulation as of July 19, 2022. 

TheXchange will leverage Circle’s payment solutions to enable fast, secure, and low-cost payments in USDC on and off the VirtualStaX Platform, globally. TheXchange also intends to partner with Plaid, to provide an additional easy-to-use payment option for consumers through ACH.