The cryptocurrency revolution that has followed the creation of Bitcoin has introduced the world to the concept of tokenized assets. Digital tokens could represent ownership of physical things, and in the last few years we’ve seen everything from diamonds to paintings to buildings to vehicles represented this way.
The tokenization of valuable assets has numerous advantages: Tokens can be liquidated and transferred rapidly, tokens can’t be stolen out of a safe or home and real blockchain-backed tokens can’t be faked. All of these numerous advantages make gold the perfect candidate for tokenization, and that’s exactly what has been accomplished with KaratGold Coin KBC, now in its second year of successful existence.
KaratGold Coin Stores Value Unlike Any Other Cryptocurrency
KaratGold Coin’s success has been made possible thanks to Karatbars Internatioal, a company founded in Germany in 2011 by Dr. Harald Seiz. Dr. Seiz wanted to find new ways to bring gold to investors, and regular people, as fears of global currency collapse threatened populations around the world. The company introduced various products, until it finally offered CashGold - physical cash notes with tiny gold bars on the surface. KBC will also be integrated with the IMpulse K1 Phone, a blockchain-powered smartphone that creates an immediate secondary use case for KaratGold Coin. Moreover, the company presents , a piece of software that allows online vendors to easily accept Bitcoin or Ethereum in their online store. 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.
With the Gold Independence Days, that will start in July 2019, Karatbars International will also present a possibility to investors to 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. The real CashGold can easily be received at Karatbars’ own ATMs. Each KaratGold Coin is redeemable for a certain amount of CashGold. This way, users can invest in gold, without actually having to own it, protect it, transact with it. KaratGold Coin is exchangeable with Bitcoin, Ethereum, and many fiat currencies within the KaratGold ecosystem.