Bank Of X
Welcome. We are the global central bank which hold foreign currencies and crypto holdings in a safe and secure vault as well as providing liquidity when required to a select number of limited clients. We are based in the city of Zurich, Switzerland.
What are Crypto Currencies ?!?
They are digital only currency. There's a limited amount of it for example There will only ever be 21 million Bitcoin in the world. It is not owned or backed by anything. It is what people call decentralized. Theres a network of computers (which anyone can join) that maintains adecentralized global excel spreadsheet of how many coins each person has.
People find it interesting because there is no central authority that controls this network, so there's no single group of people that can just go and issue more units to their friends or manipulate its rules for political reasons.
Basically global digital payments, plus the store of value properties of gold, all with 21st century cryptographic tech to keep the whole thing running safely. The price of crypto currencies are not fixed and the price of each coin goes up and down according to the market supply and demand in accordance with that particular coin.
What Are Stablecoins ?!?
Stablecoins are similar to Cryptocurrencies but are fixed in price. For example, Encro Money offer USDX, a United States Dollar stablecoin, every time a dollar worth of digital fiat currency is generated, the central entity i.e. Encro Money ensures that a corresponding phycisal dollar bill is removed from circulation and locked into its vault, in order to regulate the value of the digital fiat currency. This means that if 100 million USDX is in circulation, 100 million USD will be locked in the vault of Encro Money to represent those stablecoins. Stablecoins are a lifesaver for those who require Swiss style banking but don't have the resources to use tradional instituitions.
Both, Cryptocurrencies and Stablecoins are installed in digital wallets. These wallets can be downloaded onto any mobile phone or tablet or a specilized wallet can be used which encryption companies install on unique USB sticks. Mobile based wallets are available from both, Apple I.O.S and Google Play Store. USB based wallets are from companies such as Ledger, Trezor and KeepSafe. Both types of wallets are as secure as each other and it is usually down to a matter of preference.
This is a Highly Trusted Anonymous Store of Value. Plain and Simple. The days of putting your hard earned cash in a shoebox under your bed are long and truly over! Leave that to the clowns! This is the future right here. This is how the professionals store and transfer funds securely and discreetly. Highly recommended.
