William Mount

Published on Jun 14, 2018

Source: Asia’s largest gold traders embracing Karatgold Coin | The Miller Mix

For those who understand the value of gold in their portfolios, the March, 2018 ICO of Karatbars International’s Karatgold Coin marked an important day in the evolution of cryptocurrency investment. Karatgold Coin stands apart from other ICOs because it is backed by gold, as government currencies were in the old days. This melding of traditional security with cutting-edge technology promises to propel Karatgold Coin to acceptance as a form of payment more reliable than fiat currency.

The key to Karatgold Coin’s long-term success lies in the worldwide market’s acceptance of Karatgold as a safe form of exchange. Karatgold CEO Harald Seiz knew for this to happen, his company needed to provide a product backed by a stable hard asset. Blockchain technology opens many possibilities in the future, but cryptocurrencies still need to be based on more than code.

Karatbars found the solution in tying the value of the Karatgold Coin to gold by making the Karatgold Coin exchangeable for gold at anytime. With prices tied to the world’s historic store of value, holders of the coin can rest assured that their money’s value will remain intact. Big money investors are buying in.