Bitcoin And Gold: When Worlds Collide
By GCRU Gold News on Wednesday, March 18 2015, 23:47 - Permalink
“Gold is the oldest currency but you can’t really spend it. It just sits there and that’s one of the problems with it.”
GBI has created a new digital gold-backed currency called “XAU,” which gives consumers the ability to use allocated-gold as money for payment at over 80,000 merchants that accept Bitcoin. In essence, technology is now available that enables individuals to operate on their own gold standard.