Buy gold now can not only in bars, but also in tokens
Investors will get access to gold reserves monetary yard in Australia
Bitcoin can replace gold in the future
International consortium of news organizations, developing transparency standards.
The Universal Protocol Alliance, a coalition of leading blockchain organizations including Bittrex Global, Certik, Ledger and Uphold, announced that Infinigold, the issuer of the world’s first government-backed public blockchain gold token, has joined the Alliance as a full member along with investment by Silicon Valley firms Hard Yaka and Fifth Era.
Gold token is now available to investors
Infinigold Joins Leading Blockchain Coalition-organizations Universal Protocol Alliance. About this stated press service of the coalition. InfiniGold, an important new member of the UP Alliance, enables investors buy, sell and store physical gold held in the Perth Mint in digital form.
The company strives to make investing in gold affordable for users, overcoming practically everything traditional disadvantages. Digital InfiniGold’s GoldPass certificates represent access to physical gold backed by the government and offer zero storage and digitalization costs.
GoldPass certificates validate every universal gold token new kinds tokens. They are may personify value or something intangible like, eg, vote. Two… More [UPXAU], which is equal to one troy ounce (31.10348 grams) of pure gold held at the Perth Mint in Australia.
“We’re glad join to UP Alliance and support him target – help technology blockchain achieve widespread adoption. The industry needs such technologies to build trust and transparency, and the platform created by the Alliance should facilitate the massive use and adoption of cryptocurrencies, ”said John Dean, CEO of Infinigold..
Gold loses to Bitcoin
Despite the fact that on market already tokens appeared that are tied to the value of gold, the precious metal is rapidly losing in price.
The rise in the price of bitcoin in time presidential elections in USA led to to that, that this year cryptocurrencies outpaced traditional assets like gold in terms of return on investment. About this reports Bloomberg. Bloomberg Galaxy Crypto Index Focused On Cryptocurrencies Gains About 120% In 2020 year, which exceeds indicators growth gold four times.
“Cryptocurrencies attractive and how means savings, and as a unit of payment. Than more economic agents accept cryptocurrencies in quality payment, themes above their usefulness and value “, – explained in company.
Despite the bright prospects for bitcoin, one should not discount gold, which has proved to be a protective asset during the coronavirus pandemic. Experts assure that more some years old bitcoin the precious metal cannot be bypassed in popularity. About it earlier also said representatives of JPMorgan.
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