Gold and Bitcoin: A Match Made in Digital Heaven
Financial services company Bitreserve, which allows customers to hold funds in U. S. dollars, euros, pounds, yen and yuan, is now presenting gold as a non-fiat currency for users. Bitreserve members now have the option of holding gold through their Bitreserve accounts and exchanging it for bitcoin. Bitreserve's blog recently states: "Today, gold is considered by many to be the safest and most stable store of value... We are reviving gold for the purchase of goods and services. Bitreserve members can convert their bitcoin to bitgold, whose value is substantiated by bullion in our reserve,....
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This month DinarDirham, a decentralized gold trading platform based in Hong Kong, is launching its own wallet with an in-built exchange supporting not only popular digital currencies such as Bitcoin and Ether, but also the company’s own digital assets. What is DinarDirham. In 2015, DinarDirham decided to distance itself from a simple ‘gold trading platform’ format, and its field of operation has expanded since then. According to the company whitepaper, DinarDirham is “a company attempting to address the problem of volatility and price discovery by using the existing spot gold market as the....
Given current monetary policy, the insurance industry and bitcoin are a match made in heaven. Here’s why.
Seemingly a match made in heaven, Revolut the disruptive UK bank with over 15 million customers, has teamed up with Polkadot, the visionary blockchain technology that promotes interoperability at scale, to offer a listing of the DOT token on its app. Revolut, which was founded in 2015 is the UK’s fastest-growing financial app, and has […]
Virgin Galactic made a splash last year when founder Sir Richard Branson announced the company would be accepting bitcoin as a means of payment for commercial space flights. For the equivalent of $250,000 in digital currency, any bitcoin enthusiast could travel to the upper atmosphere and enjoy a few minutes of weightlessness. http://www.youtube.com/watch?v=pwm3leZu-O0. Sir Richard Branson announced earlier this year that "six or seven" people have used the digital currency to book their trips (compared to the other 500+ who have paid with fiat), but not many more since. In fact, not any.....
Pornography is big business. So when Porn.com - one of the world's largest pornography outfits - announced they would be accepting bitcoin in December of 2013, there was immense interest. Very quickly, 10 percent of the website's sales came from bitcoin purchases - going so far as 50 percent in early January, following a post on social sharing website Reddit. But for now, Porn.com's bitcoin sales are at 25 percent - or a quarter of all purchases made. When you think about it, that's pretty incredible. This raises the question: is the porn industry and bitcoin a match made in heaven? "I....