Swissx Bank of Cannabis
Alki David and his Swiss based consortium have launched The Swissx Bank of Cannabis, headquartered in the Caribbean Nation of Antigua.
Empowering The Global Hemp Economy
The Swissx Bank of Cannabis launched with an initial $250 Million SFR (Swiss Franc) investment from David and partners in Switzerland, includes the underwriting of “The Farmer’s Wallet” – the crypto wallet within the Swissx Coin block-chain has been set up to pay Hemp famers for their harvest as promised in the Swissx Hemp Farmer’s Cooperative;
The Bank operates the block chain utility Swissx Coin – a derivative of Bitcoin – whose single unit pricing is pegged directly to the average global price, of a single pound of Industrial hemp.
Initial Clients and Partners
Initial banking clients include all of Swissx’s European and United States partners and members of its vast cooperative farming operation in the Caribbean. But in time, the entire Cannabis industry will be able to transact via a single, secure, transparent platform, and eventually trade all kinds of hemp contracts including futures and derivatives.
A Financial Infrastructure for Positive Change
As the first company to take safe, legal, CBD products into the mainstream, Swissx has recently developed a massive international cooperative farming operation with its first two thousand acres already planted in Southern California, Northern Colombia and Puerto Rico, and 5000 more acres under contract across the Caribbean.
Swissx Coin will be used to pay the farmer’s expenses and profits, under its fair trade agreements. The coin will be redeemable by the farmers at anytime, without restriction.