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SingX utilises Peer-to-Peer (P2P) Foreign Exchange, which brings consumers together on a shared platform. For example, the platform will match a Singaporean consumer wanting to convert SGD to MYR and a Malaysian consumer wanting to convert MYR to SGD. This process eliminates the need to convert one currency to another.
For more info, you can visit SingX’s FAQ here.
You can check out SingX’s website here.