- Xalles Holdings is a company dedicated to building on blockchain and other technologies for solutions in the e-commerce, payments and financial reconciliation arenas
- Xalles’ most recent financials report showed the company’s fifth consecutive revenue-producing quarter and expectations for future revenue and asset growth
- The company remains bullish on cryptocurrencies such as bitcoin amid the market’s ups and downs, with recent worldwide rising trends underscoring crypto’s and Xalles’ potential
The potential benefits of riding out crypto volatility were again on display in late October as Bitcoin suddenly surged over $500 in just five minutes, joined in the ride by other top-20 coins that simultaneously posted gains, with some of them seeing double-digit price increases (http://ibn.fm/tmRye). A larger indication of alt-coins’ persistence emerged in trends developing at a national level in South America and Asia.
Fintech holding company Xalles Holdings Inc. (OTC: XALL) is an experienced payment systems and solutions builder that has become a dedicated believer in the cryptocurrency market, celebrating the upsides of crypto’s free trade system despite risks inherent in Bitcoin’s volatility such as when the alt-coin standard bearer experienced a series of significant drops after rallying to August highs.
Xalles’ primary aim is to offer payment solutions to consumers and to respond to more complex needs within large businesses and government entities, supporting and accelerating financial services technology development. Its revenue stream is built on a diversity of market segments inclusive of companies with business models that set up some manner of payment or financial transaction toll gate (http://ibn.fm/b6BMv).
Worldwide volumes for non-cash transactions were analyzed by Capgemini’s and BNP Paribas’ World Payments Report last year to establish a forecast, leading to a prediction they would climb from 538.6 billion transactions during 2017 to more than 1 trillion in 2022 at a CAGR of 14 percent, mostly driven by developing markets at an estimated CAGR of 30 percent in Asia thanks to China’s adoption of QR code-based payments (http://ibn.fm/6y0Dg).
China created some shockwaves October 24 when its president stated the government should lead the world in blockchain innovation, taking into account that China’s urban populations have been steadily advancing during recent years toward a goal of becoming the world’s first completely cashless society by 2020 (http://ibn.fm/oVOPy).
The country’s vice-chairman of the China Center for International Economic Exchanges (CCIEE) followed with reported comments that China will pioneer the first-ever blockchain-based central digital currency (http://ibn.fm/STgEo). Such alt-coin efforts enjoy some controversy because they rely on a central, government-controlled system similar to existing fiat operations but with centrally managed digital technology tools.
At the same time, Argentina generated news when Bitcoin usage rose there as disgruntled citizens traded 14.15 million Argentine pesos (ARS) amid government efforts to cap the number of U.S. dollars a person can purchase within a month at $200, a 98 percent plunge from the prior $10,000 allotment (http://ibn.fm/PdLI7).
The central bank decision was a bid to protect the national bank’s reserves at a time when the peso has experienced annual inflation of over 50 percent, but Bitcoin commentators argued a familiar free market theme with statements such as social media account Rhythm’s post, “It’s not your money if you need permission to use it,” underscoring the move by many of the country’s citizens to boost cryptocurrency accounts.
Xalles’ subsidiary Xalles Financial Services recently announced its partnership with ATN Trading to offer cryptocurrency trading. Xalles also anticipates multiple cryptocurrency asset portfolio acquisitions. The company’s subsidiaries also offer or will offer marketing capabilities, investment management, a proprietary software platform for post-payment audits, and non-profit fundraising platforms in addition to the company’s payment management operations.
Xalles’ ability to leverage blockchain and other technologies for e-commerce, payments, financial reconciliation, and payment auditing solutions positions it as a potential fintech market leader as cryptocurrencies continue to shore up their bases. The company recently reported its fifth consecutive revenue-producing quarter and expectations for future revenue growth, as well as asset value growth.
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