"The Royal Mint has a unique history and a solid reputation built over the centuries, trading gold, but so far it has not been a way to digitally exchange physical gold," Vin Wijeratne , CFO told the Royal Mint, the only coins of the licensed institution in the UK, now pass according to the "game changer" that the block chain.
Developing a trading platform with CME Group will meet customer demand for faster, more cost effective and secure ways to buy, hold and sell gold and complete our existing products. This historic partnership allows us to combine the largest part of the world, the best futures trading platform in the world as a better class technology.
The chain of blocks for the gold product will be developed, designed and operated by CME Group based in Chicago, the world's largest futures market, in particular, has shown favorable Bitcoin block chain and products this year. Recently some Bitcoin price indices would continue to track the visibility of crypto-currency in the futures market. In May 2016, CME announced the benchmark rates for Bitcoin, one step ahead of the NYSE. Come October, arranged XRP futures of the block Ripple chain communicated by the CME Group.
Indeed, the Royal Mint has chosen CME Group after its own interest in the potential block chain of innovation, according to David Janczewski, director of new production at the Royal Mint.
Distributed ledger technology is a game changer and deliver the gold on a block of the chain has been in our minds for some time, but only after the partnership with CME Group we believe we had the Good and the proposal.
The chain of digital trading platforms will be launched in mid-2017 and will be operational 24 hours a day, every day, all year round. In addition, the RMG will provide significant benefits to investors such as the choice of converting physical gold into digital gold from The Royal Mint, with no other storage costs required by turning traditional mode.
Do you think it has good potential in the future for gold and bitcoin?
Topic: Royal Mint exchanger for real gold digital gold. (Read 242 times)
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