Nicole Junkermann on gold backed digital tokens and cryptocurrencies
Nicole Junkermann, NJF Capital founder, presents Blockchain, the world’s most trusted all-in-one crypto company.
As the Covid-19 crisis has rocked the global economy, the value of hard assets like gold and Bitcoin has risen.
The price of gold is up 35% year-on-year to April 2019.
Investor interest in gold-backed digital tokens, which can be transacted and stored via crypto currency exchanges and wallets, is also soaring.
The total value of gold-backed tokens from companies like Tether Gold, Pax Gold and DGLD has risen from $10 million to $160 million in the last twelve months.
Digital gold tokens are linked to a specific quantity of gold held by a third party in vaults in major gold markets like London or Switzerland.
Benefits of digital gold tokens include greater trading flexibility and reduced costs of ownership.
Blockchain is a crypto exchange that provides a secure wallet to buy, sell and trade cryptocurrencies, including digital gold tokens.
Blockchain is connecting the world to the future of finance through their suite of products including the leading crypto wallet, bitcoin explorer, and market information.