- Xalles entered revenue sharing relationship with automated cryptocurrency trading engine ATN Trading, enabling customers to link their Binance or Coinbase accounts to the engine to trade many currencies
- According to Q2 2019 results, the company has generated revenue for fifth consecutive quarters
- Non-cash transactions expected to top $1 trillion by 2023, as cryptocurrency systems are becoming increasingly popular
Heeding expert forecasts, fintech holding company Xalles Holdings Inc. (OTC: XALL) is banking on the bullish cryptocurrency global trend as it takes steps to perfect its distribution of automated crypto trading solutions and make cryptocurrency trading more accessible. Since decentralized systems are gaining in popularity given their unique advantage of not being directly impacted by government and bank policies, a growing number of major financial institutions have started working on their own cryptocurrency strategies.
To make the most of the growing market, Xalles has partnered with All The Numbers Trading Company, LLC (d/b/a “ATN Trading”) to enhance distribution of the latter’s powerful, automated crypto trading solution. In September, Xalles announced an agreement between ATN Trading and its wholly owned subsidiary, Xalles Financial Services Inc., according to which the companies will share revenue from the distribution of ATN’s crypto trading engine (http://nnw.fm/cFs39).
The agreement comes at a time when central banks and governments are making efforts to implement policies that stimulate spending to put off another recession. World leaders like U.S. President Donald Trump are proposing negative interest rates, which basically means people will no longer be earning interest on deposits but paying interest to hold fiat currency savings in a bank instead. This policy was introduced briefly following the banking crisis of 2008. It is not without its critics. Oswald Gruebel, who has led Switzerland’s two biggest banks, stated that negative interest rates mean money is not “worth anything anymore.” Apparently fiat money is very vulnerable to centralized bank control, which paints a good picture for a decentralized system such as Bitcoin, because it wouldn’t be susceptible to direct influence by bankers and governments (http://nnw.fm/7xKNh).
Cryptocurrencies are traded 24/7 and can be highly volatile as a result. ATN Trading’s automated engine makes it possible to trade cryptos quickly and efficiently. Customers can link their Coinbase or Binance accounts to the engine to trade any number of currencies, and they pay a fee only if they make a profit.
The cryptocurrency trend behind alt coin adoption is a result of widespread awareness of the pitfalls of global debt imbalance, the benefits stemming from mobile payment platforms, and the occasionally poor performance of other asset classes (http://nnw.fm/2OoMa). According to Business Insider Intelligence, mobile payment systems can be expected to grow in popularity and become less dependent on cash currencies. Among the consequences of this is that non-cash transactions will surpass one trillion by 2023 (http://nnw.fm/Zeu2M).
This trend is also due to a growing need for broader choice of payment tools in general, with 75 percent of financial institutions queried in a Global Payments Insight Study declaring themselves in favor of the idea and voicing concern over customer attrition as a result of limited payment options (http://nnw.fm/4ULyu). This issue will result in a larger number of companies considering the possibility of expanding their payment acceptance methods in order to remain competitive and retain their market position.
Xalles plans to make cryptocurrency trading and other related services more accessible to clients for large and small traders. The company is also looking to integrate tokens into its rewards program designs. The fintech holding company is always on the lookout for fintech growth and acquisition opportunities to increase revenue and balance sheet assets. Xalles devises customized approaches to help companies augment their market presence and achieve success in their financial transaction system offerings by providing various levels of investment services and funds.
After recording six consecutive revenue-generating quarters up until the end of Q3 2019, the company expects to achieve profitability in 2020 via consistent revenue growth, strategic acquisitions and fundraising efforts (http://nnw.fm/nrW6s).
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://nnw.fm/XALL
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 888-902-4192 (U.S. Mobile Phones Only)
For more information please visit https://www.networknewswire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
[email protected]
NetworkNewsWire is part of the InvestorBrandNetwork.
