Cryptocurrency backed by gold being developed by Perth Mint to entice investors back to precious metals
By GCRU Gold News on Tuesday, January 23 2018, 23:17 - Permalink
Australia's biggest gold refiner, the Perth Mint, is developing its own cryptocurrency backed by physical precious metals.
The ambitious plan, which is subject to a confidentiality agreement, will make it easier for consumers to buy gold.
The mint also plans to make use of blockchain technology, first used as the core component of the digital currency Bitcoin, where it works as a public ledger for transactions.