GoldMoney Group Adds Bitcoin to Its Precious Metal Vaults
GoldMoney Group, one of Britain's largest precious metal storage firms, has added bitcoin to the list of commodities it is willing to store in its vaults. Established in 2001, the firm currently stores precious metals worth in excess of $1.4bn in secure vaults across five countries. Today sees GoldMoney launch Netagio - a spin-off business that offers a cold storage solution for bitcoins. Cold storage is a form of offline storage where bitcoins are encrypted on storage devices and placed in secure vaults. Pros and cons. Security is the most obvious benefit of cold storing bitcoins with....
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GoldMoney Group that is one of the leading precious metals storage firms in United Kingdom is including Bitcoin to its commodity vault. They hold more than 1.4 billion USD worth of precious metals for their customers, and are now creating a new venture specialized in cold storage of Bitcoin. The managing director of GoldMoney Group said this about their cold storage feature: It's one of the safest ways of storing Bitcoin. We encrypt it several times before storing it on devices and store copies in several different locations in the UK. Their new venture is called Netagio and had a soft....
Goldmoney, the gold-based savings and payments network, has launched a new platform which allows users to purchase gold held in the Royal Canadian Mint’s vault with the transaction recorded on a private Blockchain. Buyers pay a fee of 0.5% and as an added bonus enjoy free storage for up to 1,000 grams of the precious metal. Josh Crumb, co-founder and chief strategy officer of Goldmoney explains: “We were fairly early Blockchain enthusiasts and we have always been very interested in the principles of Blockchain technology. So what we did was build a platform covering what the gold industry....
The GoldMoney Group - which holds $1.4 billion in precious metals for its customers securely - has announced that they have started up a new business called Netagio that will allow consumers to securely store bitcoins in cold storage. "It's one of the safest ways of storing Bitcoin. We encrypt it several times before storing it on devices and store copies in several different locations in the UK," said Netagio managing director Simon Hamblin. The company already has a few customers signed up, and Hamblin predicts there will be high demand for Netagio's services moving forward. "We're part....
Bitcoin was designed to share several key similarities with gold, but the end result was an all-digital asset that does what the precious metal does best even better and then some. Eventually, the first-ever cryptocurrency could share a similar-sized market cap as the precious metal has currently, and one of the crypto community’s best chartists […]
Gold investors are getting anxious, as the precious metal’s prices have slid a great deal since a number of vaccine companies have revealed medicines to combat the coronavirus. The price of one ounce of fine gold is valued at $1,770 per unit after the precious metal registered the third straight weekly loss in a row. Moreover, last week gold saw the largest weekly outflow ever, as investors seem to be selling the safe-haven asset in great numbers. Gold (Au) prices per ounce continue to spiral lower in value, as the price of the precious metal is down more than 14.5% since the....