Not looking good for Xius partnership


#1

#2

Xius is operating worldwide. But i hope not that they are doing their own Thing:
http://xius.com/mobile_wallet.php


#3

Ok, just find out: Xius Wallet exists already since 2016. If crypto is forbidden in India, maýbe they use it in Mexico for example.


#4

The main focus of the original announcement was gaining access to their Latin American market.

They operate in 8 Latin American countries with 1.2 million vendor agents who process a combined $1 billion worth of transactions monthly…according to their site.

Xius is headquartered in India, thus regulated by India.

It’s possible the workaround Richard mentions is something as simple as Xius creating a new division in another jurisdiction that is crypto friendly.

They aren’t going to just walk away from a potential $1 per month per ETN customer or all the potential new customers, new levels of customer retention ect ect.

Plus direct access to their Latin American Vendor/ Agent network is important to ETN both for the MM app and Remittance purposes.

I doubt that either party is going to let India’s Gov’t prevent them from doing a deal that is mutually beneficial.


#5

India is in a stalemate position just now. The highest Court in India is deliberating a decision. And during this time some people put up Bitcoin ATM’s lol, how dumb can you be! They should have waited 2 more weeks to put them up. The Court has a deadline of 2 weeks to come up with a final decision about the bank’s closing the exchange accounts.
I don’t think it will be banned entirely, but that is just my personal opinion.