Financial writer and book author John Rubino warns, ““Pretty much the only way out for central banks is they will have to devalue their currency aggressively to keep the debts from blowing up on us and completely destroying the financial system. That is a great environment for gold. It will become more and more apparent to people going forward. . . . As you add to your position (in gold and silver), the big trend will be positive for you. . . . Debt is continuing to soar . . . and that is continuing and accelerating right now. So, if the big bad trend is accelerating, then the big bad result of that trend is getting closer and closer, but timing is impossible to predict. . . . When this thing really begins to spin out of control, it’s too late to protect yourself. . . .You really hope you don’t end up in a world where gold is $10,000 per ounce because that is a bad world in a lot of ways. If that is no longer just a possibility but a probability, you need to protect yourself in some way. That’s what precious metals do.” Join Greg Hunter as he goes One-on-One with John Rubino, founder of DollarCollapse.com.
Financial analyst Bo Polny says the changes in the financial system will be vast. Polny explains, “A new financial time point will begin, a new era of time begins before the end of this year. The world will change into a new system.” Polny says the new system will not be paper based. Polny says, “What is paper? The U.S. dollar, the Treasuries, the stock market, 401(k)s, IRAs, derivatives, and all of those instruments were used to control the price of gold and silver. When events happen that destroy the paper based system or the faith based system and confidence breaks, you are going to have massive fleeing into something that actually holds value. . . . Blockchain will become the next ‘go to’ in terms of monetary transactions. So, blockchain . . . and major crypto currencies, gold and silver, those three things are going to be the three huge assets in the future because the old dies. The whole point we are talking about is prepare, prepare and prepare.” Join Greg hunter as he goes One-on-One with financial analyst Bo Polny of Gold2020Forecast.com.
Whole Foods, Barnes and Noble, Gamestop, Bed Bath and Beyond, Caribou Coffee, Jamba Juice, and Crate and Barrel all have something in common: they will start taking Bitcoin, Bitcoin Cash, Ethereum, and Gemini Dollars. This is possible by a revolutionary payment network called Flexa, built using cryptocurrencies, which allows mainstream consumers to spend their digital assets at brick and mortar stores across the US.
According to The Verge, consumers pay for items using Flexa’s app, Spedn, which generates a QR code that consumers scan at the checkout register. Upon the scan, the merchant receives instant payment in dollars, and the equivalent amount of cryptocurrency is debited from the consumer’s cryptocurrency wallet.
Flexa mentioned on its website that it believes the existing payments infrastructure, established five decades ago, is completely broken. Cash alternatives, like credit and debit cards, are insanely costly per transaction for merchants and are prone to cyber attacks.
Instead of “bolting cryptocurrency payments on top of debit cards,” the payment processor company said it took a new approach: built out thousands of new connections with tens of thousands of merchant point-of-sale terminals nationwide in 2018, to bypass the existing payments infrastructure and allow cryptocurrency-based payment authorizations directly to merchants.
The new payment authorizations are called “flexcodes,” and starting last week, consumers can now use Spedn at major retail stores across the country.
With the world of payments is evolving, Flexa could be part of a massive shift towards cryptocurrency point-of-sale terminals at major retailers.
In the current cryptocurrency market, where many investors are facing fluctuations, digital assets easily exchangeable for commodities offer a very distinguished alternative to both traditional fiat money and cryptocurrencies. Despite coins pinned to physical assets, such as gold, are no longer a rarity for the market, few of the issuers can boast of an ecosystem that allows the coin to be accepted as a means of payment.
This does not apply to KaratGold Coin (KBC). The team behind the coin has revealed a range of elegant solutions – from an ultra-secure smartphone to software for online stores – to provide the user with a convenient infrastructure to easily and safely buy and sell a digital asset.
The appearance of these solutions has been made possible thanks to Karatbars International, the Stuttgart-based retailer of tiny gold items used as a form of payment. Being founded in 2011 and subsequently becoming one of the world’s leading retailers in the global precious metals market, the company has developed a splendid infrastructure surrounding blockchain technology, digital asset and precious metals.
Being fully aware of the urgent need for security in the prospering smartphone market, Karatbars is aiming to deliver a mobile phone that is using the latest technological advancements to securely store data. Images and documents are enciphered through the IFPS platform, a decentralized storage medium based on blockchain technology. In today’s world, blockchain file storage solutions are regarded as one of the most secure ways to store explicit data.
With the IMpulse K1 Phone that complements the Karatbars’ infrastructure, calls and text messages will not be transmitted through conventional ways, but instead, they are encrypted and broadcasted by a newly created Voice Over Blockchain Protocol (VOBP). As a result, there’s no need to worry about third parties monitoring user’s actions, as the VOBP uses peer-to-peer encryption that can not be hacked or manipulated in the current state of the art.
No matter how great is the idea behind a novel currency, few dare to accept it without user-friendly infrastructure and proved security tools. Especially in the blockchain world, transparency and honesty are both important values that many market participants expect from their investments.
K-Merchant, a piece of software that allows online vendors to easily accept Bitcoin or Ethereum in their online store, solves this exact issue. This addition to the Karatbars family can be integrated into Woocommerce, Magento and PrestaShop powered online shops and enables one-click-payments with military-grade security.
Decentralizing millions of dollars worth in gold
Before launching its token, the company reached a series of milestones, such as establishing the world’s first fully licensed crypto bank and acquiring an exclusively positioned goldmine in Madagascar, which is stockpiling €930 millions worth of high-quality gold, according to a valuation conducted by the German financial auditor MM Revisions.
As from this summer investors can exchange 100 KBC tokens directly to 1g of pure gold, making it the first digital currency that is actually convertible to a truly valuable asset. This exchange possibility will be made possible as part of a global Karatbars International’s promotion campaign, the Gold Independence Days, so that users can easily receive real gold in the form of CashGold at Karatbars’ own ATMs.
“We are working incredibly hard to ensure that starting from the Gold Independence Day on July 4th, 2019, a full-featured global gold circulation is established and from this moment on the phrase “I will pay in KBC” means “I will pay with gold”,” says Dr. Harald Seiz, founder of Karatbars International.
AFFILIATE PROGRAMS This site uses affiliate links (Karatbars International ) to set off costs associated with running the blog. If you click and/or make a purchase through affiliate links on this site, I may receive a small payment at no extra cost to you. All opinions are my own. I only link to products and services I currently use or have previously used. Thank you for helping keep this site running, providing free and valuable contents to you! #KARATGOLD How To Acquire Your K1 Impulse VOB Phone for FREE, Promo Through 5 12 19 Fresh power for the success of the KaratGold Ecosystem – A concept of a strategy that integrates all technical and organizational aspects necessary for the harmonization of the crypto- and the real world for the one purpose: maximum financial security for all people. The KaratGold Coin is a blockchain-based cryptocurrency. Specifically designed to be used as a generally accepted electronic payment means for all who consider gold as a traditional, true, secure and value-stable medium.
Financial writer Bill Holter and renowned gold and financial expert Jim Sinclair say the financial crash is here now. Holter says, “I think President Trump is going to preside over a bankruptcy. He’s gone through bankruptcies with his own companies and understands the process. That’s what this is. It’s the bankruptcy of the corporation of the United States.”
In closing, Sinclair says, “The dollar standard is over. We were on a gold standard, and then poof, Nixon, and out. What has happened to the petro dollar? Poof, it’s out in comparison to what it was. What system is next? The marbles standard? Gold is going back . . . to a store house of value.”
Join Greg Hunter as he goes One-on-One with Jim Sinclair and Bill Holter of JSMineset.com.