Learn: Banking with XiXcoin®

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  1. Minimal Changes: For all Banking and Trust Businesses, the XiXcoin® design makes minimal changes to their customer services and strives to improve their business operations.

    1. Currency Needs Only: XiXcoin® does not seek to revolutionize, displace, or disturb the many varied Banking and Trust Businesses.  Many previous Cryptocurrency efforts have promised to radically change the various Banking systems in place.  XiXcoin® seeks only to serve Currency needs, that is the primary purpose.

    2. Helping Banks: XiXcoin® helps Banking institutions.  Historically there has been a pattern of great fear, reservation, and risk aversion towards Cryptocurrency and to a lesser degree with all forms of Digital Currency.  This fear was well grounded, substantive, and material for the Banking Institutions due to their special customer relationship and regulatory structure.  XiXcoin® seeks to enable the Banking industry's transformation to the new digital on-line paradigm at the most reduced cost possible while also providing security.

    3. Risk Minimization: XiXcoin® supports Banking's technical business requirements.  All Banking and Trust Businesses previously could not build on previous Cryptocurrency solutions due to a real lack of proven security.  A partial List of Security Problems include: Unauthorized Spending, Double Spending, Simultaneous Condition Attacks, History Modifications, the 51% Attack, Deanonymisation, Fraud, Malware, Ransomware, Unauthorized Mining, and Phishing.  XiXcoin® is designed to eliminate or minimize the various challenges and satisfy real technical requirements.

  2. Currency, Banking, Finance, and Regulation:

    1. Banking is Banking; Currency is Currency: Banking and Currency are simply two (2) very different things.  XiXcoin® implements a strategy and structure based on this fundamental relationship.  All Currency should be to Banking and Finance as Numbers are to Mathematics.  Currency should be to Banking and Finance as Letters are to Words and then Sentences.  Currency is the lowest level and serves as a substructure to higher level purposes and uses.

    2. Helping Business and Government: It is critically important that all parties build their thoughts, policies, and outputs with the proper distinction between Digital Currency and the separate areas of Banking and Finance.  XiXcoin® enables efforts to conduct Financial Analysis, study Investments, implement Business Strategy, formulate Governmental Policy, and to write Banking Regulation.

    3. Supportive Framework: XiXcoin® supports the Regulatory Framework of Banking and Finance.  Banking Institutions have substantial and immutable mandates for specific activities, business practices, reporting requirements, and other constraints.  For any institution in the Trust Business, moving forward with previous Cryptocurrencies was not feasible.

    4. New Security Paradigm: Previous Digital Currency adoption was simply impossible due to the inherent security risk of earlier efforts and models.  They simply could not work with Banking and Trust relationships.  XiXcoin® has a design that fundamentally realigns the functional security paradigm.

  3. XiXcoin® enables universal Banking and Finance:

    1. Back to Basics: XiXcoin® takes Banking and Finance back to basics.  It uniquely combines the functional model of digital and physical Scarcity, a mathematically simulated Bullion structure, and is based on a digital "Gold Coin Model".  This model relies on proven banking models that are fully tested over millenniums and generations; it is based on a reliable solution.

    2. Scalable Settlement: Using a Based-10 Positional Denominational Coin system, XiXcoin® scales from Micropayments to large scale Real Time Grossing Systems (RTGS).  By enabling both ends of the scale for financial economic movement at almost the same cost and complexity, solving big banking challenges is now easily possible.

    3. Real Security Model: XiXcoin® allows widespread Banking use and adoption due to the much improved Security Model. For anyone in the Trust Business, XiXcoin® is the best solution available.  The design is fundamentally and primarily built to enable Trust Business activity.

    4. Decrease Costs: XiXcoin® vastly decreases business operational costs for Banking and Trust businesses.  With previous models of currency, the lack of Personally Identifiable Information (PII) decoupled the currency from any particular owner.  The required processes of identity validation, claim remediation, and transaction settlement incurred significant cost of labor hours, technology, complex software, and other systems.

    5. One-to-One Personalization: With XiXcoin® the relationship to Currency is One-to-One (1-to-1) and direct.  Every XiXcoin® is uniquely and structurally tied to the owner's Personally Identifiable Information (PII); it is Inseparable, Immutable, and Unbreakable from the owner.

    6. Legal Institutional Support: XiXcoin® use by end-users is legally supported by Wyoming Bill HB0074 allowing for "Special Purpose Depository Institution", similar to a Mortgage Bank, Savings Bank, or other holding institution.

      1. Banking Services: This legal framework allows approved companies to "Carry on a non-lending banking business for depositors", "Provide payment services upon the request of a depositor", "Make an application to become a member bank of the federal reserve system", "Engage in any other activity that is usual or incidental to the business of banking", and other activity as authorized.

      2. XiXcoin® is Neutral: XiXcoin®, XiXcoin, LLC, and XiXventures, LLC does not perform "Special Purpose Depository Institution" duties, functions, or services; it does not compete with Trust Businesses or Banking businesses and their relationship with their customer.  When used as designed, the cost of the Trust Business activity is decreased while simultaneously increasing security and ease-of-use.

 

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