Gold-backed cryptocurrency aims to entice investors back to precious metals


Australia’s biggest precious metal refinery, Perth Mint, is developing its own cryptocurrency backed by physical commodities like gold. It expects to bring investors back to the traditional market of precious metals.

According to CEO Richard Hayes, the mint wants to provide a transparent offering that would allow investors to buy and sell with confidence, knowing that what they are buying is completely traceable.

Perth Mint has an online trading platform where traders can buy and sell precious metals around the clock.

 

https://www.rt.com/business/416859-gold-cryptocurrency-australia-mint/

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Author: Rayan M

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