X-eleven’s Fintech for the Post-Fiat Era conquers the market

The digitization of financial services and payments is causing people to lose control of their money. Unfortunately, it is impossible to solve this problem in the fiat system. That is why the world needs new, innovative financial services that work without fiat. Last week we received information about a new player entering the market and preparing to launch innovative fintech products. This is the company X-eleven.

Current market conditions

The global economic crisis, high inflation, over-regulation and other difficulties lead to a breaking point in the entire fiat money system. As a result, there is a trend in the world that cryptocurrencies are actually becoming part of the mainstream as an alternative financial system and replacing fiat.

But for this to happen, essential companies need to make it possible to introduce cryptocurrencies into the everyday life of the mass user. Traditional banks, brokers and marketplaces can no longer cope with this task; they are afraid to introduce cryptocurrencies and use them little. The basis of their business is operating with fiat, so it is difficult for them to develop an innovative new approach.

At the same time, cryptocurrency startups are usually satisfied with crypto markets and work with the user audience they are already used to and do not set the goal of scaling their business to the mass user.

A new generation of companies is needed to scale cryptocurrencies and create an alternative financial system. At the same time, they must combine the business approach of traditional companies with the development of legal solutions and the creation of a user-friendly product for the mass audience with the introduction of innovation, including cryptocurrencies.

About the X student

X-eleven is a next-generation company in finance, banking and asset management. Currently, the company is working on creating innovative fintech products: Bank 11 neobank and X11 Finance decentralized hedge fund. Both X-eleven products only use cryptocurrencies and stablecoins in settlements with customers.

Last week, the company launched a public pool of the hedge fund X11 Finance. This is a pool that invests in crypto with advanced long-term strategies. Another X-eleven project – Bank 11, has completed work on the alpha version of its banking app. Now it is ready for launch, and the bank is looking for investment to scale this project to a large audience. In the future, X-eleven plans to create other non-fiat services using blockchain and cryptocurrencies.

X-student’s business approach is unique. It is the world’s first major non-fiat fintech company, which develops non-fiat banking through neobank Bank 11 and brokerage through the decentralized hedge fund X11 Finance.

More about Bank 11

Today, transactions through blockchains like Ethereum have problems while providing payment for goods and services because there is no verification of the counterparty. Bank 11 will solve this problem – it will be a developed infrastructure where the bank has no control over customer funds, no licenses and no fiat. Currency transactions are only possible in stablecoins. The system defines the user’s identity if you provide operations in the system. Any user can send a transaction to a counterparty in a few seconds and it costs only one dollar.

Bank 11 also provides crypto lending. Any user can get a loan backed by BTC or ETH. It also has p2p lending as a service for people who have free money in USDT and want to give a Bank 11 client a loan; they can use this service and get extra income. There will also be crypto mining, which will act as Web 3.0 and help international businesses in some countries.

Bank 11’s main audience includes freelancers, SMEs working in different countries, and online businesses.

Bank 11 is a hybrid bank. From decentralized solutions, it provides fast and private transactions; from centralized solutions – instant KYC and security. Bank 11 is the only bank in the world that does not control customer funds and does not use fiat money. There are no other financial institutions like it in the world.

Neobank Bank 11 is fundamentally different from all other banks and financial institutions. It is not a traditional bank, not a crypto bank or a crypto card issuing payment service, and not a DeFi protocol. Neobank Bank 11 uses only cryptocurrencies and stablecoins for settlement with users and combines the DeFi and CeFi approaches.

About X11 Finance

The decentralized hedge fund X11 Finance invests in cryptocurrencies, traditional stocks and pre-IPOs. The fund does not use fiat and guarantees users’ privacy by using an advanced solution in the form of NFT.

All investment decisions are ultimately made by participants in the X11 Finance pool who invest in the fund. The X11 team simultaneously invests in crypto assets and the stock market, diversifying client risk.

About X-eleven founder

The founder of X-eleven is entrepreneur Pavel Andreev. Pavel is not new to the crypto industry: he started with blockchain technologies already in 2016 when he started working in international consultancy. At the time, Pavel was engaged in operational support for businesses in the field of digital assets.

Currently, Pavel is the head of the consulting company Wall Street Partner Inc, which specializes primarily in legal services and interaction with banks. Pavel’s partners include leading lawyers and specialists in cryptocurrency regulation. The main regions where the company operates are North and South America, Europe and Southeast Asia.

Pavel’s accumulated expertise with crypto-assets since 2016 is summarized in his book “101 questions about cryptocurrencies”.

Conclusion

Thus, X-eleven products are fintech applications for the post-fiat era, when fiat will leave circulation and mass use of cryptocurrencies will replace it. X-eleven is an innovative fintech company of the future for the new global financial system.

At the same time, X-eleven is a professional financial market player, and the founder Pavel Andreev combines extensive experience in traditional finance and investments with deep expertise in the blockchain. His versatile business development experience as a serial entrepreneur and successful crypto investor is one of the strategic advantages of X-eleven, the newest fintech company for the post-fiat era. The company’s products are currently in the launch phase and they are looking for partners to scale.