GREENCOINX’S AFFILIATED CRYPTO CURRENCY EXCHANGE SIICRYPTO LAUNCHES
Toronto, Ontario, March 28, 2016 – GreenCoinX Inc, a subsidiary of GreenBank Capital Inc. a Canadian public company, (CSE: GBC and OTCMKTS: GRNBF) (“GreenCoinX”) announces the launch of SiiCrypto, its affiliated crypto currency exchange (www.SiiCrypto.com).
SiiCrypto specializes in trading GreenCoinX, the world’s first crypto currency requiring user identification, and it charges no commission for trades. It is very secure to use as all client fiat funds are held by a third party, ILS Fiduciaries (Switzerland) Sarl, the Swiss branch of ILS World, a global provider of independent fiduciary services. Crypto currency held by SiiCrypto cannot be accessed without client approval. Unlike other online exchanges, SiiCrypto cannot use clients’ crypto currency or fiat funds as a float or for any other purpose. Every user of SiiCrypto is identified to the same “Know Your Customer” (“KYC”) standards as exists in the banking system.
“SiiCrypto is a unique crypto currency exchange that represents the way all exchanges should function. SiiCrypto clients have a very high level of security because client assets cannot be accessed without client consent. To my knowledge, no other crypto currency exchange in the world offers such assurance to traders. Furthermore, SiiCrypto charges no commission. I believe that SiiCrypto will be the prime digital exchange service for worldwide trading of GreenCoinX.” said Danny Wettreich, CEO.
The KYC requirements of GreenCoinX and SiiCrypto makes the promise of crypto currency a reality by resolving the identity issues that have previously discouraged crypto currency adoption. KYC identification alleviates the concerns that crooks and terrorists can use crypto currency to hide their activities. SiiCrypto clients can trade GreenCoinX for US Dollar, Euro, Canadian Dollar, Sterling and Bitcoin. Bitcoin users need to complete KYC identification in order to open a SiiCrypto account. Anonymous Bitcoin owners who decline to be identified to KYC standards will not be able to use SiiCrypto.
The cost of providing the services of ILS Fiduciaries (Switzerland) is passed on to SiiCrypto clients with a small fiduciary transaction fee of 1/5th of one percent. “That is a negligible price to pay for security and client peace of mind,” said Danny Wettreich.
With the advent of SiiCrypto, the GreenCoinX ecosystem has now been completed. It encompasses the world’s only crypto currency that requires user KYC identification (see www.GreenCoinX.com), a free GreenCoinX online wallet (see www.XGCwallet.org), and a commission free and secure online crypto currency exchange (see www.SiiCrypto.com).
GreenCoinX has addressed blockchain longevity via the non-profit Digital Foundation ensuring miner rewards over the next 145 years, and currency stability via a treasury function.
The first government in the world to welcome GreenCoinX is the Isle of Man, whose Minister for Economic Development said “GreenCoinX has the potential to make a significant difference in the digital currency arena.”
SiiCrypto provides a commission free and secure online exchange service enabling the worldwide trading of GreenCoinX. SiiCrypto is not a profit centered entity and is privately owned by its management. It is an affiliate of GreenCoinX as Danny Wettreich is the Chairman of both entities. For more information see www.SiiCrypto.com.
GreenCoinX Inc is a subsidiary of GreenBank Capital Inc a Canadian public company (CSE:GBC and OTCMKTS:GRNBF) and is the developer of GreenCoinX (crypto currency symbol XGC) the world’s first crypto currency that requires users to be identified. GreenCoinX meets the same “Know Your Customer” identification standards as the banking community, and makes the promise of crypto currency a reality by alleviating concerns that crooks and terrorists can use crypto currency to hide their activities.