- Consumers are becoming more interested in cryptocurrency and alternative methods of payment
- Recent revenue sharing partnership will allow the company to provide its customers access to ATN Trading’s a fast and efficiency crypto trading engine
- Xalles was among the first providers of payment and financial transaction management solutions through proprietary blockchain-based X2X technology
As the cryptocurrency sector is expanding and there is growing demand and interest in crypto payment solutions, fintech holding company Xalles Holdings Inc. (OTC: XALL) is intent on becoming the go-to option on the automated cryptocurrency trading market while making trading and related services more accessible to clients of any size.
A growing number of banks are developing cryptocurrency strategies as Federal Reserve interest rates plummet. Fiat money is very vulnerable to centralized bank control, which paints a good picture for a decentralized system such as Bitcoin, which are not susceptible to direct influence by bankers and governments (http://ibn.fm/Hx6xZ).
In addition, more and more consumers are interested in cryptocurrency and other alternative payment methods. About 75 percent of respondents in a Global Payments Insight Study by ACI Worldwide and Ovum said consumers want a broader choice of payment tools, prompting companies to consider investing in this area, and mobile payment systems in general are expected to grow in popularity and will become less dependent on fiat currencies, according to Business Insider Intelligence. Among the consequences of this is that non-cash transactions will surpass one trillion by 2023 (http://ibn.fm/x7Y0c).
Xalles Holdings is uniquely positioned to take advantage of these new market opportunities and emerge as a reputed provider of automated crypto trading options. The company’s recent partnership with All The Numbers Trading Company, LLC (d/b/a ATN Trading) to enhance distribution of the latter’s powerful crypto trading solution is the first major step in this direction. The agreement signed between ATN Trading and Xalles Holdings’ wholly owned subsidiary Xalles Financial Services Inc. provides that the companies will share revenue resulting from the distribution of ATN’s crypto trading engine (http://ibn.fm/Q2cj6).
Under the agreement, Xalles will distribute the crypto trading engine to a large community of traders among its contacts and within its client base of expert traders and institutional firms. Customers will be able to connect their Coinbase or Binance accounts to ATN’s automated cryptocurrency trading engine to trade a vast number of many currencies and will not be required to pay a fee if they don’t make a profit. The ATN trading system offers quick and efficient trading, thus addressing one of the largest issues with cryptocurrencies – their relatively high volatility as they are traded 24/7, making fast trading crucial for profitability and success.
The agreement is also an excellent opportunity for Xalles to profitably participate in the cryptocurrency investment market while also advancing the company’s plans to make cryptocurrency trading and other related services more accessible to clients for large and small traders.
Xalles Holdings’ business plan focuses on business, consumer, and government-oriented payment and financial reconciliation transactions. Xalles is building technology that supports payment exchange, audits, and new business models and opportunities all over the world by combining the blockchain decentralized financial ledger platform with the company’s existing, state-of-the-art transaction reconciliation system design. Xalles will launch new reward systems and services card and mobile payment and will expand the technology offerings for e-commerce engines and referral marketing.
Xalles was among the first providers of payment and financial transaction management solutions through proprietary blockchain-based X2X technology. One of these solutions is the IFS (Investment and Financing System), which provides links to Xalles’ Financial Transaction Reconciliation (FTR) solution, supports complex investment structures, assists international investment corporations, and more.
Always on the lookout for fintech growth and acquisition opportunities, Xalles Holdings aims to become the main payment system provider in strategic partner solutions. The company devises customized approaches to help companies enhance their market presence and achieve success in their financial transaction system offerings by providing various levels of investment services and funds, including blockchain and other technologies for payments, e-commerce, payment-auditing solutions and financial reconciliation.
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