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
How Cryptocurrencies Will Change Online Gambling in the Future
Anyone who has followed online gambling since the beginning can tell you that things don’t stay the same for long. One of the reasons for this is that technology improves at such a ridiculously fast pace, and innovators in this industry are able to match up with those technological changes pretty quickly.
An innovation in technology that the Internet gambling industry has really learned from is cryptocurrency, with bitcoin in particular leading the way. We’ve seen it emerge as an alternative banking method, but it’s going to change the industry as a whole in ways that people can’t quite understand yet.
A Post-Legality Era
Something that has eluded online gambling since its inception is the idea of a global governing body. As it stands right now, each individual country (and smaller units of jurisdiction) have their own governing bodies that oversee in the industry. A lot of these laws are tied to banking laws, and that’s where the legality of playing in bitcoin casinos becomes such an interesting topic.
In the present, we’re seeing country-based regulatory bodies from places like Malta, Gibraltar and the United Kingdom start to work together and recognize each other’s licenses more and more. That’s taking serious steps towards having a global governing entity, and once that happens, the role of bitcoin is going to be even larger than it is now because it’ll…
VOLUM (VLM) Announces Commencement of Token Generation Event
ESTONIA, May 4, 2019 – VOLUM (the “Company”), a multi-dimensional blockchain technology holding company, is thrilled to announce the commencement of the Volum (VLM) Token Generation Event (“TGE”) beginning on Saturday, May 4. The VLM utility token is the native cryptocurrency powering the VOLUM supply chain and logistics management platform.
Driven by algorithmically intelligent software tailored to logistics and supply chain management, along with Internet-of-Things (“IoT”) integrated functionality, and a backbone of hybrid public and consortium blockchain architecture, the platform is organized around the Volum (VLM) token. The VOLUM TGE will be managed by deploying ERC20 tokens on Ethereum Mainnet to maximize future access to cryptocurrency exchanges.
The VOLUM platform operates as a comprehensive control center for supply chain and logistics management operations. Companies who use this platform will be able to carry out a wide range of blockchain transactions including: Payments, Rewards, Purchase Orders, Legal Contracts, Regulatory Compliance, Taxation, Shipment Management, Letters of Origin, Customs Documents, Inputs/Outputs and Inventory Ordering, Delivery/Parcel Tracking, IoT Monitoring and Reporting, Big Data Analytics, and Inputs and End-Product Tracking/Traceability.
“The total addressable market for a blockchain-based supply chain solution is nearly $54 trillion globally, with the majority of the world’s workers playing some part of this equation” noted Arnaldo A. Detrés, CEO of Bengala Technologies, LLC, the principle blockchain developer working to build the VOLUM platform. “However, blockchain solutions have been unable to…
How to Secure Yourself in Relation to Bitcoin: Top VPN Services
Nowadays, more frequently people opt to use cryptocurrency such as Bitcoin while dealing with financial transactions for its convenience, so its increasing prevalence isn’t round-of-the-mill phenomenon but still, its users need to create fully protected cooltechzone to secure their data.
Recently, a great abundance of VPNs have started to accept it as a way of payment and it definitely makes sense: one buys VPN to retain anonymity on the Web, so why not to use the privacy-focused payment method? Paying for a VPN service with Bitcoins or any other cryptocurrency secures personal data from curious eyes leaving no traces.
What is a VPN?
Virtual Private Network (VPN) is generally presented by the group of linked to each other computers via the Internet. VPN boosts protection and provides a high level of anonymity to all types of Internet connections.
While the connection to the ordinary Wi-Fi networks, a user usually gets access to the Internet directly, thus he becomes vulnerable to the hackers and the malware attempting to steal his personal data. On the other hand, applying VPN one transmits and gets data in encrypted form which makes it protected.
Generally, isn’t hard to trace an Ip-address of any user and to identify his location with sufficient accuracy. With the help of VPN, the attacker will only get the address of the removed computer. Undoubtedly, the safeguard…
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