Gold is ironically next Bitcoin inwards an evidence to increase its versatility every bit a shop of value.
The same calendar week an analyst told CNBC gilded “has never been used every bit a currency,” a UK-based startup is attempting to become far create merely that.
“There volition live on surges where digital assets volition become upwards several times in addition to and then in that place volition live on a bubble when a genius would switch to gold. We’re on the cusp of it,” a postal service on the company’s blog concluding calendar month writes quoting investment fund officeholder Charlie Morris.
While few concrete details are known close how Glint volition piece of occupation i time it launches at the halt of 2017, it describes its offering every bit “a novel global currency, trouble concern human relationship in addition to app.”
As TechCrunch notes, the premise behind the reckon may live on uncomplicated inwards that gilded is traditionally stable long-term, allowing users to create goodness from reduced exposure to centralized fiat controls or Bitcoin volatility.
This stability has earnt gilded its part of scorn from investors, however, alongside pro-Bitcoin bagholders noting the precious metal’s lackluster surgery compared alongside cryptocurrency assets.
Glint has already been given the greenish lite to piece of occupation inwards the Britain past times the country’s Financial Services Authority.
