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GreenBank Capital Inc (2)
Symbol GBC
Shares Issued 13,742,460
Close 2015-08-27 C$ 0.20
Market Cap C$ 2,748,492
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GreenBank unit completes on-line free wallet for XGC

2015-08-31 10:08 ET - News Release

Mr. Danny Wettreich reports

GREENBANK SUBSIDIARY GREENCOINX COMPLETES ONLINE WALLET AND MOBILE WALLET

GreenBank Capital Inc.'s 80-per-cent-owned subsidiary GreenCoinX Inc., the developer of the world's first identifiable cryptocurrency which has XGC as its digital currency identifier, has completed an on-line free wallet for sending and receiving XGC.

Also completed and available for free is the XGC mobile wallet for Android devices. The mobile wallet has the same features as the on-line wallet and can be downloaded on-line.

The Apple version of the XGC mobile wallet is currently under review. A further press release will be made when the XGC mobile wallet is available for Apple devices.

Both the XGC on-line wallet and the XGC mobile wallet can send and receive XGC using an e-mail address or mobile phone number, and do not require the user to remember a complicated public key.

Access to each wallet is by the use of a personal pass phrase rather than by a complicated series of numerals and digits. The pass phrase can be as long as the user likes, and can be in any language. This enables the user to more easily remember the pass phrase for wallet access. The pass phrase is converted into digits and then encrypted by the software in the background.

The XGC on-line and mobile wallets are secure wallets, and all XGC private key generating algorithms are calculated on the browsers. XGC private keys enable access to the XGC which are recorded on the GreenCoinX Blockchain. The GreenCoinX Blockchain contains only the transaction ledger thereby making hacking the wallets virtually impossible. Unlike most cryptocurrency wallets, when opening the XGC wallet there is no need to sync the wallet with the Blockchain. This means that the wallet is available for immediate use. Signing into a wallet requires a wallet ID and the user pass phrase together with two-factor authorization.

"The XGC wallet is a very user-friendly on-line and mobile wallet with some unique features, and is available for free to facilitate the widespread use of XGC transactions by consumers," said Danny Wettreich, chief executive officer of GreenCoinX.

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