GreenBank Subsidiary GreenCoinX Reconstituted as UK Company & Ceases $33 Million Private Placement Financing

Toronto, Ontario, January 16, 2017 – GreenBank Capital Inc (CSE:GBC and OTCMKTS:GRNBF) (“GreenBank”) announces that its GreenCoinX subsidiary has been reconstituted as a UK company called GreenCoinX Limited. It is intended that GreenCoinX Limited will seek a public company listing on the London Stock Exchange by the end of 2018.

The previously announced GreenCoinX private placement offering of up to $33,000,000 has ceased and will not be proceeded with. The offering did not identify sufficient investors able to provide the funding which management believes is needed to commence the GreenCoinX marketing campaign. Instead, GreenCoinX Limited will now seek private placement funds from UK and international investors and potential strategic partners. The proceeds of any funds raised by GreenCoinX Limited will be used for marketing expenses, software and hardware expenses, and working capital, all designed to launch the GreenCoinX cryptocurrency and blockchain ecosystem. GreenCoinX Limited intends to focus its initial marketing efforts in the UK, India and Canada.

About GreenBank

GreenBank is a Canadian public company (trading symbols CSE:GBC and OTCMKTS:GRNBF). Its 80% subsidiary GreenCoinX Limited, a UK company, has developed the world’s first cryptocurrency and blockchain requiring user identification. GreenBank’s 100% subsidiary GreenBank Financial Inc. is a merchant bank.

For more information please see www.GreenBankCapitalinc.com or www.GreenCoinX.com or contact Danny Wettreich at (647) 931 9768 or by email dw@GreenBankCapitalinc.com .

Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business and trading in the common stock of GreenBank Capital Inc., raising additional capital and the future development of of GreenCoinX. The forward-looking information is based on certain key expectations and assumptions made by the company’s management. Although the company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the company can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and the company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

The CSE has not reviewed, approved or disapproved the content of this press release

GreenBank Subsidiary GreenCoinX Commences Up To $33,000,000 Private Placement Financing

Toronto, Ontario, July 18, 2016 – GreenBank Capital Inc (CSE:GBC and OTCMKTS:GRNBF) (“GreenBank”) announces that its subsidiary GreenCoinX Inc, which has developed the world’s first cryptocurrency requiring user identification, has engaged P2P Financial Inc doing business as The OCMX (“OCMX”) to complete an up to $33,000,000 brokered private placement financing. OCMX is a Toronto based investment bank with an online funding portal raising capital for companies by connecting them with accredited investors.

The GreenCoinX Inc brokered private placement comprises of up to 5,000,000 common shares at a price of $6.60 per share. If fully subscribed the newly issued shares will represent 20% of the increased share capital of GreenCoinX Inc. The GreenBank shareholding in the increased share capital of GreenCoinX Inc will be 64%, if the private placement is fully subscribed. The proceeds of the private placement will be used for marketing expenses, software and hardware expenses, and working capital, all designed to launch the GreenCoinX cryptocurrency on a worldwide basis.

OCMX are engaged on a non-exclusive basis to introduce the private placement to both institutional investors and individuals who qualify as accredited investors on a “best efforts” basis, and will receive a success fee equal to four percent of any financing received from any finance provider solicited by OCMX. The GreenCoinX private placement will be listed on the OCMX portal for six months, unless terminated earlier. GreenCoinX will pay the costs of the private placement estimated to be $12,000.

About GreenBank

GreenBank is a Canadian public company (trading symbols CSE:GBC and OTCMKTS:GRNBF). Its 80% subsidiary GreenCoinX Inc. has developed the world’s first cryptocurrency requiring user identification. GreenCoinX meets the same “Know Your Customer” identification standards as the banking community, and makes the promise of cryptocurrency a reality by alleviating concerns that crooks and terrorists can use cryptocurrency to hide their activities. GreenBank’s 100% subsidiary GreenBank Financial Inc. is an investment bank.

For more information please see www.GreenBankCapitalinc.com or www.GreenCoinX.com or contact Danny Wettreich at (647) 931 9768 or by email dw@GreenBankCapitalinc.com .

Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business and trading in the common stock of GreenBank Capital Inc., raising additional capital and the future development of of GreenCoinX. The forward-looking information is based on certain key expectations and assumptions made by the company’s management. Although the company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the company can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and the company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

The CSE has not reviewed, approved or disapproved the content of this press release

GreenBank Subsidiary GreenCoinX Launches German Version Of Websites

Toronto, Ontario, June 2, 2016 – GreenBank Capital Inc (CSE: GBC and OTCMKTS: GRNBF) (“GreenBank or the Company”) announces that its subsidiary GreenCoinX Inc, developers of the world’s first and only cryptocurrency requiring user identification, has launched the German version of all the websites in the GreenCoinX ecosystem. The German versions of the GreenCoinX ecosystem comprise of:

www.GreenCoinX.com The world’s first and only cryptocurrency requiring user identification

www.XGCwallet.org A free online wallet for GreenCoinX users

www.KYCglobal.net A free “Know Your Customer” online identification processor for GreenCoinX

www.SiiCrypto.com A no-commission, secure, online exchange specializing in GreenCoinX trading

The German versions can be accessed by clicking on the “Deutsch” link on each website, upon which the German version is displayed. The addition of these German versions enhances the user experience for German-speaking audiences.

The launch of these improved websites enables us to better serve our German customers who wish to take advantage of a cryptocurrency ecosystem that represents the future of digital payments. said Danny Wettreich, CEO.

About GreenBank

GreenBank is a Canadian public company (trading symbols CSE:GBC and OTCMKTS:GRNBF). Its 80% subsidiary GreenCoinX Inc. has developed the world’s first cryptocurrency requiring user identification. GreenCoinX meets the same “Know Your Customer” identification standards as the banking community, and makes the promise of cryptocurrency a reality by alleviating concerns that crooks and terrorists can use cryptocurrency to hide their activities. GreenBank’s 100% subsidiary GreenBank Financial Inc. is an investment bank.

For more information please see www.GreenBankCapitalinc.com or www.GreenCoinX.com or contact Danny Wettreich at (647) 931 9768 or by email dw@GreenBankCapitalinc.com .

Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business and trading in the common stock of GreenBank Capital Inc., raising additional capital and the future development of of GreenCoinX. The forward-looking information is based on certain key expectations and assumptions made by the company’s management. Although the company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the company can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and the company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

The CSE has not reviewed, approved or disapproved the content of this press release

Business Rock Stars Interviews GreenCoinX CEO Danny Wettreich About the GreenCoinX Cryptocurrency

For more information about GreenBank Capital and Danny Wettreich or GreenCoinX follow these links.

GreenCoinX = http://www.greencoinx.com/
GreenBank Capital = http://www.greenbankcapital.com/

Digital Gold Magazine Interviews Danny Wettreich About GreenCoinX

An interview with Mr. Danny Wettreich from GreenBank Capital Inc.

Published April/May 2016

An interview with Danny Wettreich the Chief Executive Officer of GreenBank Capital Inc., which is a publicly traded Canadian company. Its 80% Subsidiary GreenCoinX Inc. (XGC) has developed a cryptocurrency that identifies each wallet holder at the time of sign up. All users are required to complete a customer identification regime before sending or receiving any digital currency. This requirement also extends to all miners.

GreenCoinX has the same KYC standards as conventional banks and financial services. This new product is changing the cryptocurrency world. The previous inability to link a cryptocurrency wallet ID to a verified legal person has prevented the integration of decentralized cryptocurrency into existing conventional payment platforms. I am very confident that GreenCoinX will improve greatly the ability of digital currency to enter mainstream commerce.

The previous lack of “Know Your Client” (KYC) tools represented the single biggest factor why financial service companies avoided cryptocurrency. The GreenCoinX platform corrects this issue. XGC is the world’s first cryptocurrency requiring user identification. Here is the interview with Mr. Danny Wettreich.

When did the GreenCoinX first become available to the public?

We announced that GreenCoinX had developed the first identifiable cryptocurrency in May 2015, and over the following ten months have built out the ecosystem that is required to establish GreenCoinX as a worldwide currency.

What is the price of the cryptocurrency today and has it been stable around that level?

XGC has been stable at around US$1.00- US$1.15 since October 2015.

Why did you develop this financial product? What is your organization’s goal?

The promise of cryptocurrency was always the fast and inexpensive transfer of funds worldwide while bypassing the banking system. Until now this has been impeded by identity concerns. Now GreenCoinX has made this promise a reality by its KYC capability. Our goal is widespread adoption of GreenCoinX so that the advantages and cost savings associated with cryptocurrency are available on a worldwide basis.

The development team spent almost a year (11 months) creating the GreenCoinX platform, what were some of the cryptocurrency obstacles overcome during that early period?

Identification is a complex undertaking and took up most of that early development time. Now that we are 20 months into our development program we have upgraded identification to full “Know Your Client” (“KYC”) standards as used in the banking system. We also have developed answers to the other problems that have prevented widespread adoption of digital currency, such as Blockchain Longevity, Currency Stability, and Exchange Safety.

Who is KYCGlobal (https://kycglobal.net/) and what is this company’s relationship with GreenCoinX?

KYCGlobal is the exclusive portal for verifying KYC for GreenCoinX. It is an affiliate of GreenCoinX as I am the CEO of both companies.

Why did you make identification of users a critical feature of the digital currency?

Identification is the only future for digital currency. Any cryptocurrency that does not have KYC identification of users will not work as a medium of exchange in the world of commerce.

A GreenCoinX user’s identification, which is the government ID and documents initially required to verify that new user, is that private information stored on a blockchain?

The unique KYC Identification number is stored on the GreenCoinX blockchain. The KYC documentation is currently stored on multiple secure servers, and will eventually also be stored on the blockchain.

Are there currently any other cryptocurrencies that identify and verify a user’s identity as GreenCoinX does? Is there any other crypto that is comparable to yours?

No. GreenCoinx is unique.

If I want to mine GreenCoinX do, I still need to be identified and verified?

Yes, all GreenCoinX users have to be KYC identified.

Do registered users, need that long wallet address to receive funds?

No. GreenCoinX can be sent to an XGC Wallet just by using the email address or phone number associated with the wallet.

PayPal only allows each customer one account. This restriction helps the company stay in compliance with anti-money laundering directives. Has the GreenCoinX account model overcome this one person, one account requirement? If so, how many wallet IDs can be connected with a verified identity? How does that work?

GreenCoinX is unique because all users are KYC identified. Each user receives a KYC number and with that number the user can open an unlimited number of wallets as long as each wallet has a different email address. All the wallets are tied to the same KYC number.

As a GreenCoinX user, what are the transaction fees to send or receive XGC? Are those still cheaper than using a credit card?

Transaction fees are very small. Only 0.0001 per XGC. Much cheaper than using a credit card.

Are new merchants required to fill out an extended merchant application and is there a special “merchant account” acceptance policy?

No, it is very straightforward. Each merchant just needs to open an XGC online wallet, and then publish the email address associated with that wallet. The merchant’s customers then can pay the merchant directly with XGC by using the merchant email address.

Bitcoin set out to be a faster way to pay, but waiting for confirmations can be a long process. Has XGC improved on that waiting time? How fast is a valid transaction?

Using XGC is faster than bitcoin, particularly following the recent bitcoin blockchain problems. The average XGC processing time is about one hour. however, that time fluctuates depending on blockchain mining activity.

Has GreenCoinX made improvements over the bitcoin platform? In a side-by-side comparison with bitcoin, what are the XGC advantages?

GreenCoinX has made a number of fundamental improvements over the bitcoin platform. (1) Most importantly GreenCoinX has identification, while bitcoin does not. All GreenCoinX users are KYC identified, and email and phone numbers are securely stored on the GreenCoinX blockchain. (2) Bitcoin has no answer to the problem of what happens when all the bitcoin has been mined. Bitcoin miners would then stop mining as there would no longer be miner rewards, and the blockchain would cease to function. GreenCoinX has resolved blockchain longevity. In order to ensure that the GreenCoinX blockchain continues to function smoothly over the next 145 years, GreenCoinX has developed by way of a sophisticated software program that resolves the problem of blockchain longevity. (3) GreenCoinX country restrictions are implemented to international standards. So GreenCoinX complies with the need to prevent terrorist nations from using GreenCoinX. Bitcoin does not have that capability. (4) Individual countries can collect transaction taxes, such as sales or VAT taxes, for GreenCoinX transactions that occur in their jurisdictions. In those circumstances, taxes will be remitted directly to the government tax server on a transaction by transaction basis.Bitcoin does not have that capability. These improvements relate specifically to the blockchain. Other improvements have also been made to the GreenCoinX ecosystem, such as a free and safe online exchange.

Bitcoin has had some un-natural price swings that have scared away millions of potential users. This fact has been particularly true for merchants, who do not want to risk losing their profit margin. What is different about XGC that will calm the fear of wild price swings driven by speculation? What has been done to address this issue?

Currency Stability is very important. GreenCoinX has a detailed plan to establish a Treasury function to keep currency volatility within an acceptable band of 5% daily movements, thereby offering transactional certainty to users. The GreenCoinX worldwide Treasury function has been established in the Isle of Man, which has a tax efficient jurisdiction. We have opened an office in the Isle of Man which is headed up by a former managing director of a UK bank, who is responsible for our treasury operations.

What companies or other cryptocurrency do you recognize as the “competition” within your market niche? What is your plan to capture market share from the “competition?”

As GreenCoinX is the world’s first and only cryptocurrency that requires users to be identified, there is no direct competition. At the basic level I suppose bitcoin is a competitor, but we are really aimed at a different market. Bitcoin is primarily used by those who wish to hide from government. Our users just want to participate in the world of commerce, and you cannot do that without identification. Our initial market share objective is to exceed the market cap of bitcoin.

What companies exchange GreenCoinX for federal money currently? How about exchanges for other digital currency like Bitcoin?

Converting any cryptocurrency into fiat currencies requires an exchange mechanism. Exchanges are largely unregulated. Some exchanges have had problematic owners who have misappropriated client funds. These issues have caused widespread unease with consumers and businesses alike. We decided that these issues need to be resolved for the GreenCoinX ecosystem. We have established an affiliated cryptocurrency exchange called SiiCrypto which has just been launched. SiiCrypto has addressed the problems of safety, identification, and transaction cost. SiiCrypto charges no commission for trades. It is very safe to use as all client fiat funds are held by a third party, ILS Fiduciaries (Switzerland) Sarl, the Swiss branch of ILS World, a global provider of independent fiduciary services. Cryptocurrency held by SiiCrypto cannot be accessible without client approval. Unlike other online exchanges, SiiCrypto cannot use clients’ cryptocurrency or fiat funds as a float or for any other purpose. Every user of SiiCrypto is identified to the same KYC standards as GreenCoinX.

SiiCrypto is a unique cryptocurrency exchange that represents the way all exchanges should function. https://siicrypto.com/ What are the company’s plans for expanding the XGC exchange marketplace?

Adoption and usage are the keys to expanding XGC in the marketplace and that is what we will be focusing on.

The company’s press release from May 2015, states that “standard computers” could be used to mine XGC. It is about a year after that release came out, can I still use a powerful desktop configured for mining or does it now require more powerful tools?

GreenCoinx mining now requires the use of sophisticated ASIC computers, but it is far less costly and far less difficult to mine GreenCoinX than mining bitcoin.

What are the company goals for the coming five years ahead?

We seek to expand our user base and have GreenCoinX be accepted worldwide as the viable alternative to fiat currency.

• What are the primary factors and the driving forces advancing the currency’s growth?
• Wide customer use?
• Merchant acceptance? Integration (API) with online shopping platforms?
• Integration with banks?
• Acceptance by NGOs or government agencies around the world?
• Targeted use by nonbank regions of the world?
• Partnership with online merchants such as casinos or sportsbooks?
• Liquid exchange with other digital currency?
• Capturing a larger share of current bitcoin users?

All the above factors will advance the growth of GreenCoinX. That growth is made much easier by the removal of the main barrier to cryptocurrency…identification of the user base.

With the proper documentation, is it possible to set up a foreign corporate account or trust account?

Yes there is no problem in setting up an online wallet for any corporate entity in any part of the world.

Full KYC is required. Just go to www.xgcwallet.org to complete the process. What segments of the population does your company view as potential new customers?

All segments of the population are potential new customers…wherever currency is used. The billions of “unbanked” , and those who require micropayments are obvious candidates.

Do customers prefer desktop web access or GreenCoinX mobile access to the platform?

Either is equally effective. Our Android mobile phone application is available now, and can be downloaded from https://play.google.com/store/apps/details?id=org.xgcwallet.mobile The Apple version of the XGC Mobile Wallet is currently under review.

Is there any way to track how many coins trade each day?

SiiCrypto has trading graphs on its website and can also provide API JSON upon request.

For everyday use as a consumer currency, a debit card is very helpful. Do the company have any plans to link an international debit card to GreenCoinX?

Yes, we are working on that at the present time.

Are there any limitations on how much value can flow through a customer account or how many transactions can be completed in one day? If, I send 29,831 deposits equaling $1.7 million dollars in just one week to an account and one withdrawal for $1.6 any problem?

There is no GreenCoinX limitation on value flow, deposit size, withdrawal size or on the number of transactions.

Remember that crypto phrase, “to the moon?” Is buying XGC today going to make me a millionaire by Christmas?

We are not in the forecasting business, but clearly if GreenCoinX was adopted worldwide, then the price of XGC would increase due to demand. If GreenCoinX achieved the same market cap as bitcoin then the price of each XGC would be over USD58.

To read the full GreenCoinX article Digital Gold Magazine May 2016.

GreenBank Joins Computer America Show

GreenCoinX is a software company that has developed the world’s first crypto currency that requires users to be identified. GreenBank will shortly be launching the GreenCoinX ecosystem which encompasses an identifiable crypto currency, a free online wallet, and a free online crypto currency exchange.

GreenBank Approves Private Placement

Toronto, Ontario, April 25, 2016 – GreenBank Capital Inc (CSE: GBC and OTCMKTS: GRNBF) (“GreenBank or the Company”) announces that the Company has agreed to a non-brokered private placement (the “Private Placement”) in which Daniel Wettreich, CEO and a director of the Company, will invest $78,000 by subscribing for 260,000 units (each a “Unit”) of GreenBank at a price of $0.30 per Unit. Each Unit consists of one common share in the capital of GreenBank and one common share purchase warrant. Each common share purchase warrant entitles the holder to acquire one additional common share in the capital of GreenBank at an exercise price of $0.30 for 36 months after closing. The securities are subject to a hold period of four months and a day.

Upon closing of the Private Placement, GreenBank will have 14,502,460 issued and outstanding shares, and Daniel Wettreich directly and indirectly will beneficially own 10,633,026 common shares of GreenBank, representing 73.32% of GreenBank and 760,000 common share purchase warrants representing 52% of the outstanding warrants of GreenBank. In the event that all the warrants were exercised by Daniel Wettreich he would directly and indirectly beneficially own 11,393,026 common shares of GreenBank representing 74.74% of the increased share capital.

The proceeds of the Private Placement will be used for working capital purposes to make payments to GreenBank’s creditors. Neither GreenBank nor Daniel Wettreich have any knowledge of any material information concerning the Company or its securities that have not been generally disclosed. The process of approving the private placement involved the appointment of a special committee, the approval of the transaction by the special committee, the consideration of the transaction by the directors with Daniel Wettreich disclosing his interest, and the unanimous approval of the transaction by the directors. The special committee was comprised of one director who is independent within the meaning of MI 61-101.There are three directors who are independent within the meaning of MI 61-101.

The participation by Daniel Wettreich in the Private Placement is considered to be a related party transaction as defined in Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). A special committee consisting of an independent director established by the board of directors determined the related party transaction is fair and reasonable in the circumstances to the Company. The Company has relied on sections 5.5(b) and (c) of MI 61-101 for an exemption from the formal valuation requirement, and section 5.7(b) of MI 61-101 for an exemption from the minority shareholder approval requirements. A material change report in respect of the related party transaction will not be filed at least 21 days in advance of the closing of the Private Placement due to the Company’s immediate need to address its financial situation, which omission is both reasonable and fair in the circumstances. MI 61-101 requires if a material change report is filed less than 21 days before the expected date of the closing of the transaction, an explanation is to be provided as to why the shorter period is reasonable or necessary in the circumstances.

About GreenBank

GreenBank is a Canadian public company (trading symbols CSE:GBC and OTCMKTS:GRNBF). Its 80% subsidiary GreenCoinX Inc. has developed the world’s first cryptocurrency requiring user identification. GreenCoinX meets the same “Know Your Customer” identification standards as the banking community, and makes the promise of cryptocurrency a reality by alleviating concerns that crooks and terrorists can use cryptocurrency to hide their activities. GreenBank’s 100% subsidiary GreenBank Financial Inc. is an investment bank.

For more information please see www.GreenBankCapitalinc.com or www.GreenCoinX.com or contact Danny Wettreich at (647) 931 9768 or by email dw@GreenBankCapitalinc.com .

Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business and trading in the common stock of GreenBank Capital Inc., raising additional capital and the future development of of GreenCoinX. The forward-looking information is based on certain key expectations and assumptions made by the company’s management. Although the company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the company can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and the company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

The CSE has not reviewed, approved or disapproved the content of this press release

GreenBank Appoints Rares Pateanu a Director

Expert in Cryptocurrency, Blockchain and Financial Technology

Toronto, Ontario, April 22, 2016 – GreenBank Capital Inc (CSE:GBC and OTCMKTS:GRNBF) (“GreenBank”) announces that Rares Pateanu has been appointed a director of GreenBank with immediate effect.

Rares Pateanu is a technology consultant and Course Director in Computer Sciences at York University in Toronto, Canada. He is an expert in cryptocurrency, blockchain and financial technology. Previously he was Executive Director of Morgan Stanley Enterprise Data Group, Senior Director Enterprise Architecture and Chief Architect at Rogers Communications, Vice President Architecture at CGI, and Head of Technology Cash Management Services at Bank of Montreal. He is President and a Director of the non-profit Metropolitan Toronto Condominium Corporation 690, and was a Director and Executive Vice President of the non-profit group Common, one of the largest computer user groups in the world with over 6,600 members. He obtained his Master of Science in Computer Science and Mathematics from the University of Cluj, Romania.

“We are very fortunate to have Rares Pateanu join our board. His FinTech and academic experience will be important as we commence marketing of GreenCoinX, the world’s first cryptocurrency that requires user identification.” said Danny Wettreich, CEO of GreenBank .

“I am enthusiastic about GreenBank’s development of GreenCoinX, which in my opinion is a revolutionary cryptocurrency ecosystem, and I look forward to contributing my expertise to Greenbank.” said Rares Pateanu.

About GreenBank

GreenBank is a Canadian public company (trading symbols CSE:GBC and OTCMKTS:GRNBF). Its 80% subsidiary GreenCoinX Inc. has developed the world’s first cryptocurrency requiring user identification. GreenCoinX meets the same “Know Your Customer” identification standards as the banking community, and makes the promise of cryptocurrency a reality by alleviating concerns that crooks and terrorists can use cryptocurrency to hide their activities. GreenBank’s 100% subsidiary GreenBank Financial Inc. is an investment bank.

For more information please see www.GreenBankCapitalinc.com or www.GreenCoinX.com or contact Danny Wettreich at (647) 931 9768 or by email dw@GreenBankCapitalinc.com .

Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business and trading in the common stock of GreenBank Capital Inc., raising additional capital and the future development of of GreenCoinX. The forward-looking information is based on certain key expectations and assumptions made by the company’s management. Although the company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the company can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and the company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

The CSE has not reviewed, approved or disapproved the content of this press release

GreenBank Subsidiary GreenCoinX Appoints John G. Booth To Advisory Board

Booth Joins GreenCoinX Talented Brain Trust

Toronto, Ontario, March 30, 2016 – GreenBank Capital Inc (CSE:GBC and OTCMKTS:GRNBF) (“GreenBank”) announces that its 80% owned subsidiary GreenCoinX Inc has appointed John G. Booth to its Advisory Board.

John G. Booth is the Co-Founder and currently a Director and largest shareholder of Midpoint Holdings Ltd (TSXV:MPT) having stepped down as Chairman and CEO in late 2015. Midpoint is the world’s first peer to peer Foreign Exchange matching platform which matches buyers and sellers at the midpoint of the relevant currency interbank cross rate via its US patented multi-party, multi-currency matching computerized business method. John led the company from inception through to revenue and through various rounds of financing culminating with its listing on both the Toronto and Frankfurt exchanges. He is also Chairman of Laramide Resources (TSX:LAM), a director of Maya Gold & Silver (TSXV:MYA) and Tirex Resources (TSXV:TXX) where he was the nominee director for the European Bank for Reconstruction and Development for many years. He has over 25 years’ experience in international finance as an investment banker, strategy consultant, lawyer and fund manager. He has co-founded three financial services companies, and is a member in good standing of the bars of Ontario, New York and DC. He obtained his LLM in International Finance, Tax and Environmental Law from University of London, JD from University of Detroit, and LLB in Law from University of Windsor.

“I am delighted to welcome John G. Booth to our Advisory Board. His comprehensive international experience will be invaluable. He joins a talented group of executives who collectively bring immense technological, corporate, financial and entrepreneurial experience that will assist in the further development of GreenCoinX, the world’s first cryptocurrency that requires user identification” said Danny Wettreich, CEO.

“I am impressed with what has been achieved to date with the GreenCoinX ecosystem, and I look forward to assisting with the growth of this unique cryptocurrency.” said John G. Booth.

About GreenBank

GreenBank is a Canadian public company (trading symbols CSE:GBC and OTCMKTS:GRNBF). Its 80% subsidiary GreenCoinX Inc. is a software company that has developed the world’s first crypto currency requiring user identification. GreenCoinX meets the same identification standards as the banking community, and makes the promise of crypto currency a reality by alleviating concerns that crooks and terrorists can use crypto currency to hide their activities. GreenBank’s 100% subsidiary GreenBank Financial Inc. is an investment bank.

For more information please see www.GreenBankCapitalinc.com or www.GreenCoinX.com or contact Danny Wettreich at (647) 931 9768 or by email dw@GreenBankCapitalinc.com .

Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business and trading in the common stock of GreenBank Capital Inc., raising additional capital and the future development of of GreenCoinX. The forward-looking information is based on certain key expectations and assumptions made by the company’s management. Although the company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the company can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and the company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

The CSE has not reviewed, approved or disapproved the content of this press release

GreenCoinX Can Bring Digital Currency into the Mainstream

By: Carl Mullan – Senior Advisor on Dig IX’S Advisory Board
Published on: LinkedIn Mar 23, 2016

Digital currency, also known as cryptocurrency, represents the future of financial transactions, but to date, adoption has been hampered by a lack of user identification. Without the identification of users, the world of commerce has not yet embraced new digital currencies as a medium of exchange. The development of GreenCoinX (digital symbol XGC) could be the breakthrough that brings digital currency into the mainstream.

GreenCoinX is the first Cryptocurrency to combine beneficial features of the blockchain with the security and assurances of a regulated financial business. The developers of this platform have solved the cryptocurrency KYC issue by creating a convenient in-house software platform that meets existing financial regulations on customer identification.

Digital currency systems function as closed electronic ledgers with numbered accounts. Online payments are digital units moving over the Internet between numbered accounts within that ledger. This online accounting is the basic structure for all digital currency payment systems including PayPal, WebMoney Transfer, Bitcoin and many others. An offline digital ledger is also how electronic money is accounted for as it moves through a regulated bank. A centralized digital ledger keeps track of balances and transactions for each account and reconciles the entire system.

Any other account features, mobile apps or benefits that may evolve from this basic structure are additional creations and build-outs that software designers have added according to the demands of system operators, users, and regulatory agencies.

Many of the older digital currency systems use centralized digital ledger software operating from one or more individual servers. Newer cryptocurrency platforms use a distributed digital ledger that functions without a central location or server. Blockchain transactions move from person to person, and each client throughout the entire system maintains an individual copy of the digital ledger. The blockchain protocol allows all users to record the network’s activity, and there is no need for a central operator, server or supervisor.

With early digital currency and online payment systems, such as e-gold in 1996 and PayPaI in 1998, the system administrator that operated the software platform had both the access and ability to control customer accounts and transactions.

An operator’s ability to “own” the system and the client account information was provided through accessing the records on the centralized ledger. For a transaction to be completed and recorded in the digital ledger, the units had to move through that centralized server. This central point for all transactions, allowed an operator to close accounts, block transactions, reverse operations and even manipulate the data and balances in customer accounts.

On top of this basic centralized platform, system designers had the ability build out required features and designs based on the operator’s requirements. For example, PayPal has reversible transactions integrated into the payment platform. Also, if a PayPal customer is unhappy with a purchase, they can withhold the payment or block it, and freeze the funds. The e-gold operators purposely did not feel the need to build such conveniences into their system. In the old e-gold system, no transaction could be reversed, blocked, frozen or changed. “Get Paid and Stay Paid,” was the e-gold motto.

PayPal requires customer identification and verifies each person’s information including address, phone and government issued identification. Meeting these account requirements are features that developers had to build on the original basic online payments platform. The PayPal system follows the strict compliance requirements of U.S. financial regulations. Those U.S. rules also include AML, and other KYC regulations focused on preventing the system from being exploited by criminals.

While e-gold had the ability to add compliance requirements and optional features, the operators chose not to integrate the fundamental elements of a Know Your Customer program. Consequently, year after year, the e-gold payment system was exploited and misused by criminals. Eventually, the system operators were charged and convicted of multiple felonies directly related to the customer’s criminal activity.

In 2016, there is a critical need for stronger boundaries in the cryptocurrency industry. As history proved, it will be beneficial for both merchants and users, engaged in legitimate online business, to distinguish themselves from the infinite backdrop of today’s digital unknown. GreenCoinX provides these critical safeguards. The XGC system software and online platform create precise boundaries that meet current financial compliance requirements, protect users and discourage potential misuse of the digital currency.

GreenCoinX cryptocurrency is innovative blockchain technology that delivers legitimacy, protection and the financial compliance required for use in global commerce and efficient integration with the regulated financial industry. In the Bitcoin network, no single point exists where financial regulations or even common sense rules could be administered to all users or wallets. By design, the ability to implement outside controls over user accounts, in bitcoin, just does not exist. Because the value of a bitcoin transaction moves from person to person, it cannot be blocked, frozen, reversed or even properly supervised. Furthermore, neither the sending wallet nor the receiving bitcoin wallet can be proactively registered in a user’s name. The ability to “own” bitcoin customer accounts does is no “Bitcoin” company, no officers or employees to create and enforce KYC or AML programs. Through the decentralized ledger, Bitcoin facilitates the direct movement of value between users without supervision or control. For anyone seeking to hide their online payments, bitcoin is an exceptional solution. For others looking to avoid government imposed financial restrictions, Bitcoin is a savior. In these situations and others, Bitcoin’s blockchain has transformed the global economic landscape.

However, as digital currency history has revealed, unregulated and unsupervised online payment products can be universally exploited by bad actors. The more cash-like features a digital currency presents, the more convenience it delivers to both good and bad users. Throughout the dozens of unregulated digital currency products that have emerged since the mid-1990s, all of the systems which did not actively verify customer identities were exploited and used for criminal activity.

Without a proper “Know Your Customer” (KYC) program, every digital currency system that has operated since 1996, was widely used for illegal activity.

From online HYIP Ponzi schemes, responsible for stealing billions of dollars from unsuspecting victims to anonymous online payments for narcotics and child pornography; unsupervised digital currency has become a convenient medium for transacting illegal activity.

Any Internet business that accepts anonymous and pseudonymous payments, from unidentified digital currency customers, runs the risk of becoming a victim. In today’s world, customer identification and payment verification are absolute requirements for any online payment platform.

GreenCoinX has implemented critical compliance policies and procedures for prohibiting the use of its digital currency by Internet bad actors. Since the creation of Bitcoin and its innovative decentralized blockchain, the practical implementation of a Know Your Customer program has been impossible.

Without the ability to identify customers and permanently connect a verified person to the operation of a cryptocurrency wallet, a majority of U.S. businesses, financial companies, and banks have refused bitcoin transactions.

There is no current effort to add KYC or AML programs to the bitcoin platform.

However, a cryptocurrency alternative is available that offers a permanent solution for the identification of customers, merchants and wallet owners.

GreenCoinX was created, from the ground up, as an identifiable online digital currency for modern global commerce and financial transactions.

By design, GreenCoinX only allows customer accounts that have been carefully verified through a strict Know Your Customer compliance procedure that is comparable to programs used in commercial banks. Additionally, all GreenCoinX wallet IDs are permanently linked to the verified customer.

Cryptocurrency software experts designed GreenCoinX for compliant integration with regulated financial products and commercial payment networks throughout the world.

Any individual or business that is seeking to gain the advantages of blockchain technology, without the KYC risks that accompany bitcoin, can now employ the secure GreenCoinX platform.

GreenCoinX offers the blockchain’s beneficial features paired with modern customer identification tools and financial practices. This system is a turnkey blockchain solution that promotes the integration of cryptocurrency payments with any existing regulated financial business, merchant service or government agency.