Gold-Backed Crypto

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Our Corrupt System and how a Gold-Blockchain Saves Us While Bitcoin Can’t

The gold monetary system of past did not fail by fundamental design. Central bankers first perverted it with paper notes and leveraged markets. Finally, in 1971, government abandoned it due to their own overspending. The resulting fiat we have today will fail by design, it never had a chance. Money cannot be baseless and printed into infinity. Having a central authority issue money at will results in corruption, class disparity, and eventual hyperinflation. All of which progresses slowly and inconspicuously at first.

Digix Partners With SilverGoldBull for a Better Gold-Backed Blockchain

Digix, a company based in Singapore selling cryptotokens (DGX) redeemable for real gold announced a partnership with (SGB) today. A mutual benefit, however, strong partnerships usually create tougher competition. The partnership greatly increases the offering for customers of both Digix and SGB. Digix will have their metals stored in custody with Silver Gold Depository, which uses Brinks for the vaulting of precious metals.

Mainstream Blockchain Making way into Gold

Many knew it all along; blockchain is secure, transparent, flexible, universal, efficient. Anyone not implementing mainstream blockchain today is being left in the dust, like a business still using file cabinets in 1999. One of the best use cases for blockchain is the banking industry. Nasdaq claimed blockchain has potential for reducing settlement time and risk exposures over 99% when the exchange implemented its own blockchain-based platform in 2015. At the time, former CEO of Nasdaq Bob Greifeld said…

Gold Mints & Miners Embracing Blockchain

The gold industry is looking into the possibility of tracking the precious metal using blockchain. The Perth Mint is already working with the London Bullion Market Association (LBMA) and two or three other parties to work out which technology is the best and if the gold industry will adopt it. Blockchain is best known as the basis of cryptocurrencies such as bitcoin. But it has many other potential applications such as securing digital contracts and supply chain data. The technology allows a publicly available, tamper-proof…

Vault Partners for Gold-Backed/Redeemable Stablecoin

TORONTO–(BUSINESS WIRE)–Vault, the Canadian-Swiss smart contract platform, today announces its partnership with blockchain-driven trust company Prime Trust. Under the partnership, Prime Trust will act as fiduciary and custodian of the LBMA gold bullion behind Vault’s gold-backed and redeemable, 1:1 USD-pegged stablecoin, USDVault, which will launch in Fall 2018. Vault is […]

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