XFOC will be adopted as a next-generation blockchain for a bank. You can open the bank account online. The dedicated XFOC app, WALLET, integrates and manages bank accounts in several currencies and cryptocurrencies. Banks that adopt XFOC will have SWIFT code. Therefore, it allows cash withdrawals and deposits at banks across the world. A CASHCARD will be issued to WALLET users. This card allows the withdrawal of cash at banking partners around the globe. XFOC also aims to participate in the QR code payment business to make the WALLET-based payment method available for use in stores and shops worldwide.
Token Basic Information
Only 0.5 sec. for Block Generation
XFOC has been developed as an original blockchain since 2014. BTC takes 10 minutes to generate a block, while even ETH, well known for its faster performance, requires 15 seconds. A XFOC’s blockchain takes just 0.5 seconds for block generation. This speed allows our blockchain to serve as an alternative system for credit cards or e-money.
Simultaneous storage and management of fiat currency and cryptocurrency.
- The dedicated XFOC app integrates and manages the asset conditions of cryptocurrency, fiat currency, and financial products
- All of the partner banks have SWIFT code, and it will enable cash withdrawals and deposits at banks worldwide
- According to the grade of your bank account, a monthly XFOC is automatically deducted as an account maintenance fee.
- The multisig feature provides full-scale security
Advanced account aggregation in the WALLET
The XFOC Wallet has an advanced account aggregation function to centralize the bank account information of all the existing financial institutions. At the initial service stage, only a bank account balance is available, but in the future, as API applications for each financial institution are accelerated, direct transfer of funds from the XFOC Wallet will come online.
Automated WALLET dispersion
Major investors have a vast amount of different cryptocurrencies. They will open multiple
wallets by themselves, and manage each of them manually. The XFOC WALLET allows each client to have multiple currency wallets with a single account.
In addition to all the cryptocurrency, fiat currency, an financial products within the WALLET, the asset dashboard account aggregation function displays stacked bar charts to show the financial assets within other financial institutions. By simple operation, users can conduct a drill-down analysis of this information.
Payment allows the user to make a payment in any of the account currencies. XFOC will introduce a wide variety of highly convenient payment methods including bar code payment.
WALLET and System Security
Multi signature functions
- Managing multiple signatures by dispersal can maintain security even if one of them is leaked.
- Build a transaction flow where approvals are required from several parties.
As a countermeasure against technical attacks such as a brute force attack, access is
temporarily blocked to maintain security.
System monitoring tools
- Proven system monitoring tools are adopted to monitor system resources, logs, and unauthorized access.
- Our user-friendly interface with charts and other components visualizes the monitoring results, enabling the detection of failure or malfunctions and the prompt investigation of the cause.
- Password strength judgment * Lock of fraudulent logging attempts
- Two-factor authentication * Account lock by the user or the operation office of banks
- Other security measures including the detection of abnormal conduct
Personal information encryption
Images of a passport or a driver’s license used for opening a bank account are also
encrypted and stored
A cash card usable all over the world
- A CASHCARD will be issued to the WALLET user
- Cash withdrawals are available at banking partners and ATMs around the globe
- The transaction fees are automatically deducted depending on XFOC possessed
QR code payment by blockchain
- XFOC will make significant contributions towards a cashless society
- XFOC aims to make QR code payment available for use in stores and shops around the globe
- The QR code displayed on the app makes funds transferable regardless of whether the user is an organization or individual
- According to the usage fee, cashback is given in the unique currency, XFOC
According to the usage fee, cashback is given in the unique currency, XFOC
- The EXCHANGE seamlessly coordinates with the XFOC WALLET
- Order book trading is available for cryptocurrency transactions
- The OTC matching service is also provided
- The transaction fee is reduced according to the possession ratio of the unique currency, XFOC, while favorable rates can be received for credit transactions
- Use of the multisig function can reduce transaction risk where large amounts of funds are involved.
Disclaimers and Purchase Regulations
The plans in this reference document are not guaranteed
Every description in this reference document is planned by the company and it is not guaranteed for investors.
Business operation risk
Including problems related to the system or marketing, changes in legal regulations or market environments may occur. At such a time, there is a substantial risk of a XFOC collapse. However, we shall not be responsible for any such risk.
Purchasing XFOC does not mean an investment
We understand that the main purpose for purchasing current cryptocurrency is for speculation purposes. However, XFOC is cryptocurrency that can also be used for utilizing our services, and we also desire that the users purchase XFOC for this purpose. We shall not guarantee the value or the price of XFOC.
XFOC is not a stock
Stocks can be held for the right to make corporate decisions or to receive dividends; however, this is not the case with XFOC. XFOC does not provide any rights to make decisions for any relevant businesses or companies, or any right to receive dividends.
This article is writing on 30 Jan 2020 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: firstname.lastname@example.org Or Whatsapp Us- +13098896258
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