HOW IS XAND DIFFERENT?
The current system: Too slow and too expensive.
The current system utilizes multiple intermediaries to both verify and transfer funds with most of this being done manually. It’s secure and trusted and if you want to transfer cash, it’s your only option.
The cryptoworld: Too new and too unproven.
Cryptocurrencies and stablecoins seek to get rid of the problem by getting rid of cash. In order to provide value, these novel approaches require all transacting parties to deal in tokens issued by yet another group of new intermediaries. And with no connection to the legacy systems and controls.
And too complex in today’s world.
As the majority of the world is not ready to give up on cold, hard cash, the crypto-world is simply adding new intermediaries and new risk to an already overly complicated system.
Xand: Cheaper, faster, better.
We bring best-in-class technologies that are proven to work to legacy financial systems to help them become more efficient, accurate, and transparent. All while staying within current regulatory frameworks and providing the security businesses have come to expect.
It combines the best in the existing financial system and the best in technology from the crypto-world to move payments forward.
Xand has been able to innovate through utilizing shared trust accounts between transacting parties. A distributed ledger simply works as a decentralized database to track the ownership of the funds therein.
Effectively, cash stays within the same bank but transfers between accounts therein. This makes payments much faster and more efficient.
WHO IS IT FOR
Xand is perfect for any set of business partners who frequently transfer funds amongst themselves.
Cash is converted into a stablecoin, cryptocurrency, token, or a security.
Cash is not converted into any token or security.
Requires both a system and process overhaul.
Works with current systems using simple APIs and keepingcurrent workflows
Requires new legislation to be compliant.
Works within current regulatory frameworks.
Requires a large consortium to create real value.
Just two transacting parties can create instant value.
All transactions are transparent.
Transactions remain private to businesses but transparent to compliance.
Risk is increased with multiple parties on a network.
Xand utilizes closed networks between only trusted strategicpartners that are BSA-regulated.
Transactions occur on a blockchain
A blockchain is merely used as a decentralized database