Cannabis and crypto-currency: billionaire Alkiviades David launches Swissx Bank of Cannabis

The whimsical Greek billionaire Alkiviades David launched the Swissx Bank of Cannabis on Thursday, with the aim of facilitating legal transactions related to cannabis. Cannabis in the world. The bank will operate SWX Coin, described as «a crypto-currency based on the Bitcoin model with single-unit pricing, which will be indexed directly to the global median price of premium hemp flower».

Swissx Bank of Cannabis aims to offer its customers and investors in the cannabis sector «a secure and transparent place for all transactions». It was created in collaboration with David's Swiss consortium, based in Gstaad, a famous jet-set resort in the Swiss Alps. We've used Swiss financial know-how to create the first bank and crypto-currency fully optimized for the industry. legal cannabis» said the billionaire. «The Swissx Global Exchange will be an authoritative resource for the entire sector, better than Nielsen and bigger than Nasdaq. Together, the bank and the exchange service not only keep Swissx's international operations running smoothly, it will become the driving force behind the business sector in the future. fastest growth in the world.

The bank has created what it calls the «Farmer's wallet», which will operate under the SWX Coin blockchain and will be used to pay members of the Swissx Hemp Farmers ’Cooperative. The cooperative was created to meet the demand for brand products Swissx, otherwise unknown to the public. It offers a purchase guarantee for all crops grown by cooperative members.

The billionaire wants to make a name for himself in the cannabis world. He had been arrested a few weeks earlier on the island of St. Kitts,after attempting to smuggle over a million dollars worth of hemp products onto the Caribbean island. His connections undoubtedly helped him to get by.

«St. Kitts isn't going to have all these good things for another few weeks,» he said in a video. «We've fixed all the problems we had, as you can see. No need for an extraction team. We're home.»