- Bitcoin and other cryptocurrencies are expected to grow further amid numerous indications of an impending global economic recession
- Xalles Holdings recently entered a revenue sharing relationship with automated cryptocurrency trading engine ATN Trading
- Customers can link their Binance or Coinbase accounts to the engine to trade several currencies and will pay a fee only when profit is made
Many proponents of cryptocurrency are viewing signs of a possible economic recession as the potential foot in the door for a decentralized financial system, such as bitcoin, to take root. The Chinese yuan is plummeting as the U.S. fuels trade war. The European Central Bank is taking desperate measures to support the EU’s struggling economy. All of these aspects and more have given a large number of institutional financial commentators cause for concern over the state of the global economy, as press reports suggest (http://ibn.fm/HgBwo).
Additionally, finance experts have concerns over the future of fiat money, which is increasingly vulnerable to centralized control. A clear sign of the changing times is that more and more large banks are working on their own cryptocurrency strategies. Another is that the U.S. Federal Reserve is cutting interest rates, and U.S. President Donald Trump has been one of many to encourage negative rates. According to former banker Oswald Gruber, negative interest rates will eventually lead to a further decline in the financial sector, with fiat money losing value day after day.
Decentralized systems such as those of cryptocurrencies could become a valid alternative, offering the benefit of not being directly impacted by governments, banks or brokers. A number of sectors are already calling for the decentralization of power due to issues ranging from banking control in the wake of the 2008 global downturn to social media after Facebook and other data scandals.
Against this backdrop, fintech holding company Xalles Holdings Inc. (OTC: XALL) 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 its fully owned subsidiary, Xalles Financial Services Inc., and ATN Trading, through which the companies will share revenue from the distribution of ATN’s crypto trading engine (http://ibn.fm/KQnDV).
Fast and efficient trading is key to the profitability and success of cryptocurrencies such as bitcoin, Ethereum, and Litecoin, which are traded 24/7 and can be highly volatile. ATN Trading’s automated engine makes it possible to trade cryptocurrencies quickly and efficiently, not unlike the ‘trading bots’ used by major financial establishments and expert traders. “After months of testing ATN Trading’s system, we are highly impressed with the results; it exceeded our expectations,” Thomas Nash, CEO of Xalles Holdings and president of Xalles Financial Services, said in a news release. “We selected ATN Trading as our revenue sharing partner because of the integrity of the platform and its unique pricing model. This is an excellent opportunity for us to profitably participate in the cryptocurrency investment market segment.”
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.
Xalles is a fintech holding company that’s always on the lookout for fintech growth and acquisition opportunities, aiming to become the main payment system provider in strategic partner solutions. Xalles devises customized approaches to help businesses augment their market presence and achieve success in their financial transaction system offerings by providing various levels of investment services and funds.
Admittedly, cryptocurrencies still have a long way to go before they can become as established as fiat currencies. At any rate, changes in the financial status quo are good news, with cryptocurrencies being likely to significantly disrupt the current financial system in the foreseeable future. Xalles, which leverages blockchain and other technologies for payments, e-commerce, payment-auditing solutions and financial reconciliation, is committed to enacting positive change in the sector.
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
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