Business Alliance with XBANK Corporation Participating in CROSS Project “Switch Smile” IR Information
According to PR Times, Switch Smile Co., Ltd. (President: Toshihiro Nagahashi, hereinafter referred to as “Switch Smile”) and XBANK Co., Ltd. (President and CEO: Taketo Nakanishi “XBANK”) have begun participating in the CROSS cryptocurrency project and have started developing and demonstrating experiments of the service linking Beacon and cryptocurrency wallets.
Collaboration between location information service and a high-function security wallet
Switch Smile provides Beacon’s location infrastructure system “pinable” while XBANK develops a worldwide multi-function wallet “X wallet,” which uses patented security technology to collaborate with anyone. The wallet service will be offered with added function “Beacon system + cryptocurrency wallet + ticket,” which is very easy to use.
They plan to jointly develop this cryptocurrency wallet with Beacon and to start demonstrating experiments this summer in collaboration with events, amusement parks, facilities, and stores.
Through these demonstration experiments, the two companies will develop various services including providing a settlement system in cryptocurrency and using the cryptocurrency on O2O marketing.
1. Campaign using cryptocurrency that can be received only at a specific position (location positioning using Beacon)
2. Ticketing services using the beacon wallet and blockchain
It seems that various services will be provided on the platform in the future.
What is pinable
Pinable is not an area-like location information platform such as GPS and Wi-Fi, but by using beacons, they provide solutions for advertisements and marketing analysis that use more pinpoint location information. The big data obtained by them is constructed as a location database, marketing analysis of information including tag information such as attributes, behavior patterns, surrounding environment as well as location information, making it possible to provide a solution with greater engagement.
What is X wallet?
X wallet is an advanced multi-wallet with high security that is easy to use by everyone, including elders. Currently Beta version is completed with implementation of international patented security technology, including Beacon application API connecting to Pinable, with plans to connect to a decentralized cryptocurrency trading system this year. X wallet will be deployed not only in Japan but globally.
What is CROSS?
CBASE FINTECH LAB registered in the Republic of Azerbaijan, also known as the second Dubai, is leading the CROSS project. CROSS secures the existence value of products, services, information, and assets by using blockchain technology enabling sales and storage of products by tokenization. In order to realize this, CROSS will create a cryptocurrency infrastructure and build a “distributed value exchange platform.” CROSS’ goal is to create convenience for everyone with a Token Economy that can deliver fair value to the world.
━ Switch Smile Summary ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
Company name: Switch Smile Corporation http://www.switch-smile.com/
Head office location: Fukushima prefecture Koriyama city Midoricho 9 – 12
Head office location: Akasaka Square Building 2-10-16 Akasaka Minato-ku, Tokyo 6th Floor
President Representative Director and President Nagahashi Ozo
Business description Beacon (location information marketing) platform development / provision
LINE API system platform development / provision
━ XBANK Corporation Outline ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
Company name: XBANK Corporation http://www.xbank.tech
Location: 4-1-19 Shinjuku, Shinjuku-ku, Tokyo FUMI Bldg 4F
Representative President Taketo Nakanishi
Business description Planning and development of encryption currency preservation wallet
Planning and development of distributed exchanges
FinTech, blockchain related consulting
Is the IR release of two FinTech companies running a pre-sale for the CROSS project in Japan the first since PRTIMES began? On a business basis, there is no other project than CROSS which is developing such a high-pitched product with development and demonstration experiments at high levels. In the future, let’s focus on the information of “SwitchSmile + XBANK.”
CROSS Project Information
→ What is the goal of cryptocurrency project “CROSS” that draws world attention; a thorough research!
Currently, during the CROSS private sale, the first stage: 1 CROSS = 0.03 dollars, from July 1st to the second stage: 1 CROSS to $ 0.035
(Participate quickly as the CROSS Private Sale will end soon!)
CROSS LINE @ -> https://line.me/R/ti/p/%40psi1088v
CROSS Telegram → https://t.me/CROSS_XCR