Spend Physical Gold Online via GBI's Ripple Gateway
Gold Bullion International (GBI) has announced their newly launched Ripple gateway. GBI is a leading institutional precious metals provider to individual investors and the wealth management industry. GBI's technology and operations platform allows investors to acquire and manage their physical precious metals assets directly through GBI or through their....
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Gold Bullion International, a precious metals provider, announced in a statement Tuesday that it was opening as a live gateway on the Ripple protocol, creating a new gold-backed cryptocoin. That currency, XAU, is effectively a token representing physical gold with all of the ease of transaction inherent in cryptocoins. Or, as the Ripple blog puts it, “You are buying gold balances issued by GBI that are backed by and redeemable for physical gold bullion.” This has two key effects, the statement says: Gold becomes easier to trade. Gold can be spent anywhere Bitcoin is accepted via the Ripple....
A new service launching in Singapore today uses the Ripple network to acquire, store and convert precious metals into any currency for customers anywhere in the world. Ripple Singapore is a new kind of Ripple 'gateway', which is the name given to the exchange network's entry and exit points. It's Singapore's first major gateway, and the first in the world to offer trade in precious metals. Users maintain a balance in a Ripple wallet (similar to a bitcoin wallet), while the bullion itself is vaulted in Singapore. They can then use that balance to pay anyone instantly in any currency....
Ripple Inc., payment gateway for hundreds of assets and digital currencies has announced the closure of btc2ripple gateway for all US residents starting September 1, 2015. Btc2ripple gateway is one of the hundreds of gateways on the Ripple Trade platform which is used to purchase or trade BTC to XRP (Ripple's IOU). On September 1, Ripple will shut down the btc2ripple gateway for all U. S. residents, which will disallow any Americans from purchasing or depositing BTC using Ripple Trade accounts. Btc2ripple is operated by a Lithuanian company UAB SKV3, located in Vilnius. The decision to....
Last Tuesday, Gold Bullion International – GBI as confirmed the opening of a live gateway on the Ripple protocol in order to be able to create a new gold backed crypto currency. The company aims to simplify what has traditionally been a corky, time-consuming and expensive process while trying to combine the best that technology has to offer. Steven Feldman, co-founder and CEO of GBI. Said: “We have been leaders in combining technology and precious metals, and our integration into Ripple allows us to continue our push into digital currencies by enabling investors to now buy digital physical....
Bitcoin to Ripple gateway service btc2ripple.com has announced it is cutting service for its US customers from September. The company confirmed the news in an email sent out Thursday: The bulletin added that activity solely within the Ripple network, along with service usage by non-US citizens, would be unaffected by the changes. “If you are a US person: While no official explanation for the decision has yet been given, it is notable that Ripple has been engaged in legislative maneuvers over the past year, some of which have run contrary to the perspectives and goals held by the Bitcoin....