X12, our new cryptocurrency, is challenging established coins like Bitcoin and co. By providing this promising new coin with privacy, complete anonymity and above all, simplicity of use, we strongly believe that it is not just another privacy coin but a whole new user-experience that will enrich the cryptocurrency community.
Advantages of X12
X12 can be bought, stored and spent without much technological know-how and due to its fascinating ecosystem it can be incorporated in our daily lives with ease. The additional aspect of untraceable and anonymous trading makes it even more alluring to today’s users.
Everyone will be able to carry out transactions with X12 without having to worry about privacy and security at all. All this is possible because of the ecosystem embedding the currency.
Why is a good ecosystem important?
We managed to create a unique ecosystem for our X12 coin. An ecosystem is necessary to provide the coin with as many features as possible, thus making it safer and also more comfortable for the user.
Using cryptocurrency exclusively on your laptop is a very limited way of experiencing the comforts and advantages of digital currency. Nowadays it is necessary to open the real world to the users by giving them the opportunity to directly exchange their coins for goods and services in an instant.
In order to make X12 as user-friendly as it is, we have created an extensive ecosystem, consisting of the following features:
• payment provider
• WordPress Woocommerce payment plug-in
• cooperation with various shops
• ATM machines
• (debit card)
X12 is independent from existing mining pools and relies on Proof-of-work mining. Fortunately, already big mining pools and companies are supporting the X12 coin and are helping to stabilize and secure the network.
We are impartial and not associated with any mining pool or company. Therefore, we do not mention these companies here. If you are interested in mining, a quick web search will reveal those companies and pools to you.
Users have several options to safely store and use their X12 coins. Three types of wallets are available:
• command line wallet – an “expert” wallet for software developers.
• graphic desktop wallet – very simple to use and visually appealing.
• Skywallet – a free, secure and easy to use wallet in the cloud, carrying out transactions in a heartbeat. SkyWallet was developed by a part of our core X12 developer team.
• mobile wallet – this mobile wallet is also developed by SkyWallet; it allows you to pay and carry out transactions with your smartphone anywhere, anytime.
The SkyWallet team also developed “SkyWallet for Business”. This is a payment provider that allows merchants to offer their customers to pay by using X12 coins. You can find out more at skywallet.com (sign up and go to the merchants portal; it’s free).
The SkyWallet team also offers their payment provider in the form of a popular Woocommerce plugin.
This innovation makes it extremely easy to incorporate the X12 coins into all the Woocommerce online shops, thus making them accessible to the customers. With more than 3 million installations, Woocommerce is the biggest WordPress online-shop plugin. This means that a wide range of goods and services will be readily available for X12 users who will be able to safely purchase goods in an easy way.
We already have some merchants that are currently offering X12 payment solutions. Find a map of all merchants accepting X12 here. Additionally, our team is negotiating with several merchants, working on co-operations that should enable the users to pay with X12 in various shops world wide. We envision a future where you do not need cash and credit cards in your wallet in order to get by in your daily life. Your smartphone will be everything you need.
X12 ATM Machines
Soon we are starting to set up ATM machines which will give you an even easier access to cash. We have already gotten some of the first machines and are working on them to set up the software (see the pictures below). A total of 120 ATM machines will be put in public places in German speaking countries as a first step.
Soon it will be possible to quickly hit an X12 ATM and withdraw cash when for example shopping or clubbing in town. Like with the debit card, your X12 coins are exchanged for cash. The only thing you need is your mobile wallet on your smartphone and a QR code. The code is scanned by the ATM which then releases the cash.
The financial experts in our team are quite far in the process of obtaining a full banking license. When this is finished, some in our team will found a company in order to offer you a debit card to pay in cash using X12.
You will be able to pay with it in shops accepting the card. By doing so, the amount will be translated into X12 coins according to the current rates and subtracted from your account. Easy as that. No computer or smart device necessary!
If you want to get further information, we invite you to read other blog posts on our website and to also browse through our informative whitepaper where we have accumulated all the information you need.