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Billionaire Alki David Launches First Cannabis Backed Cryptocurrency, SWX Coin


Billionaire Alki David Launches First Cannabis Backed Cryptocurrency, SWX Coin

Two of the world’s most highly debated industries, cannabis and cryptocurrency, are finally joining forces, as Greek billionaire Alki David and his company, Swissx, have launched the world’s first cannabis cryptocurrency bank, The Swissx Bank of Cannabis. One of the bank’s primary operations is distributing SWX Coin, a cryptocurrency that’s based on Bitcoin’s blockchain, according to Coin Telegraph. SWX Coin’s unit pricing coincides with the median global price of premium hemp flower.

The Swissx Bank of Cannabis, which is currently headquartered in the Swiss Alps resort town of Gstaad, will initially manage all of Swissx’s financial transactions amongst the company’s partners around the world. The bank and the Swissx Global Hemp Exchange will also soon choose a Caribbean capitol as regional headquarters from a shortlist of competing offers.

Download the Swissx wallet here:

The launch of The Swissx Bank of Cannabis received a backing of $750 million dollars worth of premium Swissx Cherry Wine and Donald Trump seeds, as well as $250 million in Swiss Francs. Farmers who are members of the Swissx Hemp Farmers’ Cooperative, and help contribute seeds to the bank, are paid in SWX Coin from the Farmer’s Wallet, which has been set up within the SWX Coin block-chain. For added speed and security, the bank and SWX Coin will be operating on D-Wave Technology’s advanced quantum computers.

The Swissx Hemp Farmers’ Cooperative was created to supply the demand for Swissx’s Hemp Flower products. It offers a guarantee to purchase all crops grown by those participating in the cooperative, High Times is reporting.

Swissx is the first company to take safe, legal, CBD products into the mainstream. The company has recently developed a massive international cooperative farming operation, and has began planting in California and Puerto Rico, and more land under contract across the Caribbean. Swissx CBD products are internationally sold in premium health food stores, doctors offices and such mass market outlets as 7-11 convenience stores. The products have been endorsed by such celebrities as Mike Tyson, Scott Disick of ‘Keeping up with the Kardashians,’ Dave Navarro of the Red Hot Chili Peppers, Snoop Dogg, Chief Keef, Lil Wayne, Tommy Chong of Cheech and Chong, Donatella Versace and Jonathan Rhys Myers.

In support of the launch of The Swissx Bank of Cannabis, David appeared on Tyson’s podcast, ‘Hotboxin’ with Mike Tyson,’ in early July. The businessman discussed his experiences with cannabis, and the healing powers it has on people.

“First we changed the game for CBD products, then we created tremendous opportunity for farmers and their regional economies throughout the Caribbean,” David, who serves as the CEO and Founder of Swissx, also said on Thursday. “Now we’ve used Swiss financial know-how to create the first bank and cryptocurrency entirely optimized for the legal cannabis industry. The Swissx Global Exchange will be an authoritative resource for the entire industry…Together, the Bank and Currency and Exchange don’t just insure Swissx’s international operations run perfectly, it will become the engine for the fastest growing business sector in the world.”

The Swissx Bank of Cannabis is the latest project within David’s ambitious empire. Swissx is supported by David’s companies, including FilmOn Networks, a pioneering, global streaming TV service, as well as Hologram USA, the original celebrity hologram and telepresence company, and the digital distribution platform Octiive.

For more information on Swissx, visit the company’s official website.

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As a life-long fan of entertainment, particularly films, television and music, and an endless passion for writing, Karen Benardello decided to combine the two for a career. She graduated from New York's LIU Post with a B.F.A in Journalism, Print and Electronic. While still attending college, Karen began writing for Shockya during the summer of 2007, when she began writing horror movie reviews. Since she began writing for Shockya, Karen has been promoted to the position of Senior Movies & Television Editor. Some of her duties in the position include interviewing filmmakers and musicians, producing posts on celebrity news and contributing reviews on albums and concerts. Some of her highlights include attending such festivals and conventions as the Tribeca Film Festival, the New York Film Festival, SXSW, Toronto After Dark, the Boston Film Festival and New York Comic-Con.

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