Topic: [2016-09-10] Could Blockchain Reawaken Gold's Role as a Payment? (Read 293 times)
Blockchain or no blockchain, gold can't be used as money anymore in this digital age because it is not light, it's heavy. Money has to be light for easy transport.
September 10, 2016, 08:26:38 AM
The report, Micro Gold: Assessing the Use Case of DLT and Physical Gold, determined that the blockchain could transform the way gold is utilized as a form of currency, delivering the benefits associated with bitcoin.
According to senior analyst in Celent’s securities and investment practice, John Dwyer, a currency needs to have three qualities, reports EuroMoney. These are a store of value, a medium of exchange, and a unit of account for valuing goods and services.
https://www.cryptocoinsnews.com/blockchain-reawaken-golds-role-payment/
According to senior analyst in Celent’s securities and investment practice, John Dwyer, a currency needs to have three qualities, reports EuroMoney. These are a store of value, a medium of exchange, and a unit of account for valuing goods and services.
https://www.cryptocoinsnews.com/blockchain-reawaken-golds-role-payment/
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