Alkiviades David launches the First Cryptocurrency Tied to Cannabis and the Global hemp Exchange

Hey Ninjas, the last couple of days have been quite unstable in the crypto-verse as the price of the largest cryptocurrency by market cap - Bitcoin dropped below the $10,000 and most of the top crypto’s reported losses both on the weekly and monthly chart. 

Greek Billionaire and member of the Leventis family, Alkiviades David, along with his consortium has launched The Swiss Bank of Cannabis Headquartered in Gstaad Switzerland. According to the report the Caribbean branch will be named soon. The bank is set to operate the SWX coin, reportedly backed by blockchain a single unit of SWX is pegged directly to the median price of premium hemp flower.

The bank and its coin will manage all of Swissx financial transactions with its partners in the Caribbean and US. The company was launched with Donald Trump seeds, $750 million premium Swssx cherry wine and $250 million in Swiss francs. The post stated that the SWX coin will be used to pay hemp farmers which can be redeemed as cash anytime.

See you soon Ninjas

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