Asian Gold-backed Digital Currency GGC became the first stable currency for international trade settlement. GGC or Global Gold Cash is the first digital currency to be an international trade settlement tool and will continue to be used in more practical business scenarios.
The first ever gold-backed digital currency based business model was recently launched in Asia. GGC or Global Gold Cash, a stable digital currency developed for commercial applications, was recently launched in Asia. It is based on the stability of gold. While existing stable currencies are only used as exchange tools between legal currencies and digital currencies, GGC is the first and only digital currency that can be successfully applied to the real business world. This is a major breakthrough for GGC among all stable currencies.
GGC or Global Gold Cash is deemed a highly stable and authentic intermediary currency as it’s based on gold reserve. GGC is designed to be safer than any other currency-backed digital currency as gold prices are not directly related to exchange rate fluctuations. GGC, which is a deflationary currency, is based on the blockchain platform only.
Aside from the low risks, the new digital currency also cited authority-based gold management and independent third-party audit, which is done by international eligible audit firms periodically as two reasons for the security of its underlying asset.
The gold-backed digital currency has all the attributes of stablecoin. It comes with all the benefits of gold, which is a natural currency for human beings and the scarcity of which is cosmic. As any stablecoin serves as the backbone of the blockchain industry, GGC also has potentials to overcome the inherent defects of the existing international monetary system.
Some traditional business enterprises have already embraced GGC for international trade settlement. Very recently, a Korea-based company adopted the new digital currency as a trade payment tool and the Korean company withdrew a batch of standard gold bars released by Brink’s, which is one of the biggest cash and valuables management companies, using GGC.
At the recently concluded event, developers of GGC confirmed the security and redeemability of the GGC’s underlying assets, and also announced GGC as the first digital currency to be used in international trade settlement, also adding that the stablecoin will serve as a pricing tool in barter trading. This is considered a major breakthrough in stablecoin. In the future, GGC will continue to apply to more business scenarios and truly open up the link between digital currency and the real business world.
Goldlinks uses a dual currency issuance model. In addition to the GGC, the token GGT is also issued to the members of the Goldlinks community. As per latest reports, GGT will be officially listed on the Korean digital currency exchange BitForex on October 17.
About the Company
GGC is a digital currency developed by Goldlinks, a global gold industry blockchain alliance.
For more information, visit www.goldlinks.one
Neteller to Launch a Crypto Exchange
The way to make sure that the cryptocurrency momentum continues and that cryptocurrency credibility occurs is when big companies begin offering services based around cryptocurrency and other features of blockchain. This was certainly the case when Neteller recently announced it will offer a cryptocurrency exchange service in addition to its digital wallet services. The company announced that the 28 currencies compatible with the fiat wallet were able to buy, sell, and hold cryptocurrencies – including Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, and Litecoin. It makes sense to begin with Bitcoin and Ethereum as they are seen as the originators of what cryptocurrency and blockchain can do and also the future of how blockchain can be used, despite news that Ripple may be set to topple them all. Neteller’s move into cryptocurrency shows it has its sights set on a bright future of cryptocurrency and making it more accessible. But where do they stand now?
Neteller and Cryptocurrency
Neteller are optimistic about the exchange features of the digital wallet, claiming that they plan to add more cryptocurrencies in the near future. Neteller’s benefit is the ease at which one can begin their cryptocurrency trading journey. Not only do a range of banks offer services to fund the wallets and exchanges, but so do a variety of online payment options. This helps remove the barrier to entry that exists in…
MGO Will Likely Generate Substantial Gains During 2019
My new year’s resolution is to put the past year behind me and start fresh. This means to stop worrying about past losses and focus on all the exciting projects that blockchain technology has made possible. When analyzing new projects, I tend to look for projects that have 2 advantages; growing industry and lack of competition. Companies with these advantages have always done well in the equity markets and there is no reason to believe they won’t do well in the crypto markets. MobileGo (MGO) is one such project that will be one of the biggest winners during the next 12 months.
MobileGo’s currency, MGO, performed better than nearly every other token during the past 12 months. While most altcoins were plunging by more than 90%, MGO is only down about 50%. And, since September, the MGO token has exploded by more than 200%. These trading gains can be attributed to increasing adoption rates of the MGO token, most notably on the Xsolla platform.
Xsolla is a global powerhouse within the gaming industry. It’s a gaming platform that provides developers with critically important services such as marketing, billing, distribution, payment processing, and fraud prevention. Xsolla’s pay station allows for every developer in the world to monetize by providing 700+ payment types. The company also has a global presence that is unmatched by reaching 200+ geographies, utilizing…
BlockchainDefender Reports on a Lack of Trust in the Crypto Industry
The cryptocurrency industry reached its peak market capitalisation in January 2018, nearly reaching $800 billion. However, even with such a large market capitalisation the industry faces a lack of trust.
BlockchainDefender recently released a report examining this lack of trust.
Questions Answered in the Report
Within the report, BlockchainDefender clearly outlines its goals. The first question to answer lines up with the title of the report and asks how market sentiment affects the market capitalisation of a cryptocurrency. The report also aims to determine which digital currencies have the best and worst online reputations, spot variations in digital currencies’ reputations by countries, and see where the online negativity most frequently gets published. The second section of the report compares the online reputation of traditional trading exchanges with crypto exchanges, and the final section explores the impact of a crisis on a cryptocurrency’s price.
Market Sentiment, Trends, and Capitalisation: Study One
The first study of the BlockchainDefender report begins by confirming that the number of searches for cryptocurrency and the online sentiment regarding digital currencies correlate with the global market capitalisation of the crypto market. This is confirmed via ups and downs in all values from January 2017 to July 2018, all clearly displayed on an easy-to-read graph.
To examine differences in online sentiment towards cryptocurrency in various countries, BlockchainDefender used search results and analysis in each country’s native language.…
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