Sentences with phrase «digital gold certificates»
The Perth Mint's release of digital gold certificates for trading, holding and transferring physical gold could have profound consequences for the $ US98 billion ($ 122.5 billion) in gold - backed exchange traded funds.
http://www.afr.com/
Andreas Furche, who is chief executive of digi.cash, says the Perth Mint's digital gold certificates will have at least two advantages over gold - backed ETFs.
Furche said digi.cash was about one month away from finding a solution to the regulatory issues stopping Perth Mint's digital gold certificates being trading on crypto exchanges around the world.
The second advantage is that the digital gold certificates provide direct ownership of the gold which is held in the vaults at the Perth Mint.
He said the cost of holding a digital gold certificate issued by Perth Mint will be less than the 30 to 40 basis points charged by ETFs.
Not exact matches
«At the moment the ICO space is a mixture of high risk exploration hybridised with a kickstarter feel — the traditional finance world knows what a blockchain token is and will use it as a form of digital bearer certificate to allow transferal of gold or digital cash,» he wrote.
ICO Tokens such as BunnyToken, Global Spy, Phoneum represent tradable goods that could take many forms, such as digital coins, gold certificates, loyalty points etc..