- Xalles Holdings is developing its fintech network to embrace technological solutions for a new era, including anticipated needs of the cryptocurrency alt coin trading sector
- Cryptocurrency market watchers are anticipating a new round of volatility during the coming spring as the newest round of bitcoin “halving” occurs, creating opportunity for a powerful crypto trading engine to generate confidence in quick transactions
- The company is also anticipating new revenue as it delivers a new X2X software platform for reconciling financial transactions in business and government payment applications
With the dawn of a new decade now upon us, market watchers are preparing for a new round of volatility in cryptocurrencies as bitcoin, the most popular of all the alt coins established as a free-trade bankless monetary system, undergoes a new round of “halving” that cuts creation of the cryptocurrency by 50 percent. The automated halving process is expected to occur sometime in May 2020 to control inflation, and is further expected to send the cryptocurrency through sharp price increases as well as sharp drops in its value (http://ibn.fm/ndbfl).
Fintech holding company Xalles Holdings Inc. (OTC: XALL) has been positioning itself as a strong player in the crypto and blockchain realms, readying its partner’s cryptocurrency trading engine that nimbly facilitates fast and efficient cryptocurrency transactions to give traders a measure of confidence if they intend to ride out the market’s volatility.
Alt coins arose as something of a libertarian effort for people to securely network financially with one another through the blockchain’s immutable ledge system without a fiat system’s oversight, but a variety of frauds and untimely deaths have exhibited the risks inherent to such an enterprise. The ability to quickly complete trades helps value holders to mitigate some of those risks.
When Argentina’s central bank attempted to put a limit on how many U.S. dollars its citizens could buy on the currency exchange markets in October to fight inflationary trends, it drove many people to buy bitcoin instead in protest of government controls on their finances (http://ibn.fm/CE8wf).
Xalles is chiefly devoted to providing a diverse number of payment transaction consulting solutions to government entities, businesses and individual consumers. The company’s revenues are obtained through a share of the till when clients establish a financial transaction toll gate, according to an interview with the company’s CEO, Thomas Nash (http://ibn.fm/Br6XD).
Xalles’ revenue-sharing agreement with All the Numbers Trading Company, LLC (ATN Trading) to develop a cryptocurrency engine similar to the automated “bots” used by experts in the stock market is an example of its work with partners to roll out innovations. Under the agreement, Xalles will ensure the distribution of the tech solution to a large community of traders among its contacts and within its client base.
“After months of testing ATN Trading’s system, we are highly impressed with the results; it exceeded our expectations,” Nash stated when the agreement was announced in September (http://ibn.fm/aWk4H). “We selected ATN Trading as our revenue sharing partner because of the integrity of the platform and its unique pricing model. This as an excellent opportunity for us to profitably participate in the cryptocurrency investment market segment.”
Xalles is also nearing development completion of its blockchain-based solution for business and government payments and post-payment auditing. The solution, dubbed the X2X system, will facilitate financial transaction reconciliation and is expected to generate revenue when it is deployed during the coming year.
Digital technology innovator Accenture reported recently in its ‘Workforce 2025: The Financial Services Skills & Roles of the Future’ study that financial services companies in North America could gain up to $140 billion in productivity improvements and cost savings by 2025 if they adequately integrate new technologies for making their workforces more efficient (http://ibn.fm/gGl3j).
For more information, visit the company’s website at www.Xalles.com
NOTE TO INVESTORS: The latest news and updates relating to XALL are available in the company’s newsroom at http://ibn.fm/XALL
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