Will Gold Backing Bitcoin and Ethereum Shake Up the Industry? – Bitcoints

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Published on July 7th, 2016 | by bitcoin

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Will Gold Backing Bitcoin and Ethereum Shake Up the Industry?

Will Gold Backing Bitcoin and Ethereum Shake Up the Industry?Our unique and innovative trading technology based on blockchain makes this possible.”


Why gold and Blockchain?

Stelian Balta, CEO and co-founder of DinarDirham, explained to CoinTelegraph why gold and Blockchain should work together.
Using blockchain, major problems associated with trading and storing gold are being fixed.
It’s backed by gold price from liquidity providers, bridged automatically to regulated financial institutions and also stored in real vaults around the world.


Balta says:


“I think DinarCoin and Gold Smart Contract are game changers in the industry.
However, the recent trend shows that today there are many who truly believe in the concept of a cryptocurrency backed by gold.

Source: Cointelegraph.com

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