Alkiviades David, the Greek Billionaire, and his Swiss-based consortium have launched The Swissx Bank of Cannabis headquartered in Gstaad and with a Caribbean headquarters to be named soon. The Bank also operates SWX Coin, a cryptocurrency based on Bitcoin’s blockchain with single unit pricing is pegged directly to the median global price of premium hemp flower.
The Swissx Global Hemp Exchange will also provide the entire industry with a secondary market where futures and other trades can be made based on its global market analytics.
Initially the bank and its coin will manage all of Swissx’s financial transactions with its many partners in the United States, Europe and the Caribbean, but the bank is also a turn-key solution for the entire Cannabis sector, providing a secure, transparent venue for all transactions, and a coin tied to a commodity. The CBD-hemp business is expected to reach $24 billion in the U.S. alone by 2023.
Who Is The Greek Billionaire Behind It?
Alkiviades David (born May 1968) is a Greek billionaire heir, a member of the Leventis family, whose holdings include manufacturing, bottling plants, property and shipping.
In 2008 he was the majority shareholder of Leventis-David Group, which owns Coca-Cola Hellenic bottling plants in 28 countries. His companies include the Internet-based television provider FilmOn, the streaming-video site BattleCam.com, and the modeling agency Independent Models. He has also appeared in feature films and on television.
A solid background that fit the undertaking. The Greek Billionaire knows that Cannabis industry has a huge economic potential and want to invest in trade of it as well as build an infrastructure which can be used by countries that doesn’t have any ideas or control over it, by making the trades more transparent with the usage of a cryptocurrency coin.
source: www.globenewswire.com
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