For most of its history, cryptocurrency and the world of physical assets have been pretty far removed from each other. Until recently, cryptocurrency could not be purchased from any mainstream sources, and investors who favored assets like gold tended to look askance at the new digital asset industry.
How things have changed. The need for “Stablecoins” (cryptocurrencies with non-volatile prices) brought about the advent of cryptocurrencies backed by real world assets. Despite this, questions about the existence of some of these real-world reserves (like Tether’s supposed US Dollar backing) made it look like real asset backing was yet to be achieved.
Perhaps the most far flung physical asset from the world of cryptocurrency was gold. Antiquated and difficult to buy, sell, store, and transport, gold seemed almost antithetical to the goals of well-designed cryptocurrencies. Until Karatbars figured out how to make a remarkably good gold linked cryptocurrency, and crypto investors are reinvestigating gold for their 21st century portfolios.
Karatbars has been in the gold business for a decade. The company sells gold currency products, designed to be spent in the real world. Starting July 4, any holder of KBC will be able to contact Karatbars to swap out their KBC for CashGold notes by using ATMs provided by Karatbars International.
Highly secure smartphone and software for retailers
Prior to taking up the coin emission, all the necessary infrastructure for its distribution and functioning was provided. To allow online vendors to easily accept KBC, Bitcoin or Ether in their online store, Karatbars International – the company behind the idea of KBC – came up with a software that enables retailers to accept crypto payments with a simple scan. The official plugin of K-merchant can be currently integrated into Woocommerce, Magento and PrestaShop powered online shops and enables one-click-payments with military-grade security.
Apart from that, the company is aiming to deliver a massively secure mobile phone where calls and text messages are not transmitted through conventional ways, but instead, they are encrypted and broadcasted by a newly created Voice Over Blockchain Protocol (VOBP). It uses peer-to-peer encryption that can not be hacked or manipulated. Data stored on the device, such as images or documents, are saved and enciphered through the IFPS platform, which is a decentralized storage medium based on blockchain technology.
If you’ve ever wanted to have a cryptocurrency that makes it easy to liquidate into physical assets, KaratGold Coin may be the best method yet created. It’s an impressive integration of blockchain technology with the gold product pipeline, and it’s one that could make a big difference in today’s markets, especially as market leaders like Tether look shakier than ever.
Whether you are interested in investing in gold using the most convenient method, or in preserving the value of your cryptocurrency portfolio with a tangible asset as old as human history, KaratGold Coin may be the digital asset for you. It’s secured by a trusted gold company, and the underlying asset itself is the most reliable physical store of wealth ever conceived by human beings.