Altcoins Talks - Cryptocurrency Forum

Further Discussions => General Discussion => Topic started by: BenMilo on March 28, 2020, 02:46:01 PM

Title: How do I reclaim gold backed cryptocurrency for physical gold?
Post by: BenMilo on March 28, 2020, 02:46:01 PM

Stablecoins being one of the most popular cryptocurrencies which are backed by real-world assets, gold backed cryptocurrencies are nothing but coins that are underpinned by the value of gold. This means, the coins have an intrinsic value and are less prone to price volatility which other cryptocurrencies lack.

Now, if you ask is it possible to reclaim your gold backed cryptocurrency (https://www.#spam software 2.com/stable-coin-development) for actual physical gold, yes it is. There are two ways for that. First is, you can directly reclaim by passing the necessary KYC/AML procedures after which the gold will be shipped to the specified address. Second is, you can reclaim for gold derivations. The derivations either track the price of gold or reclaim themselves for physical gold. If you want to develop your own gold backed stablecoin and attain these benefits, get in touch with a reliable stablecoin development company.

Title: Re: How do I reclaim gold backed cryptocurrency for physical gold?
Post by: Aulore on April 06, 2020, 07:14:11 PM

I still find it's all very unbelievable for many possible reasons entirely, cause even usual crypto are not backed by anything being done in that way absolutely so I do not see what is going on there with them. I will wait for other options.