xBit has been designed as a common currency coin to be used and accepted as a payment/transactional settling vehicle for all social and commercial operations involving individuals, businesses and governments. xBit will transact as an established value Coin between the crypto-wallets of holders at xChange and xChange Wallet. xBit works seamlessly with xChange and will convert many types of Alt-coins into xBit coins. xBit coins are Gold-backed and can be exchanged directly with XGC (XGold Coins) coins. XGC are redeemable for Real Physical Gold directly.