KaratGold Coin (KBC): The Cryptocurrency That Makes It Possible To Spend Gold Online

People who invest in cryptocurrency tend not to be the same people who buy gold. There are good arguments for owning either asset, but gold has always been the preference of the pre-internet public, people who don’t use social media and who can’t even explain what a Bitcoin is anyway.

However, this is starting to change. A number of stablecoins are rising up in the ongoing Tether scandal, and some of them are backed by physical assets like gold. If you’re unfamiliar with digital assets and physical asset tokenization, it basically refers to a cryptographic token that represents ownership of a physical product or commodity.

Well, gold is great and all, but you can’t spend it on Amazon. Gold is defiantly physical. It never made the jump to digital, and most investors thought that it never would. KaratGold Coin changes this. Linked to a specific quantity of CashGold (one of Karatbars’ best products, a physical bank note with gold in it). Each KaratGold Coin is redeemable for a certain amount of CashGold. This way, users can invest in gold, without actually having to own it, protect it, transact with it. KaratGold Coin is exchangeable with Bitcoin, Ethereum, and many fiat currencies within the KaratGold ecosystem. To allow online vendors to easily accept KBC, Bitcoin or Ether in their online store, Karatbars International – the company behind the idea of KBC – came up with a software that enables retailers to accept crypto payments with a simple scan. The official plugin of K-merchant can be currently integrated into Woocommerce, Magento and PrestaShop powered online shops and enables one-click-payments with military-grade security.

KaratGold Coin is basically the same thing as owning gold, except you can spend KBC online through the K-Merchant app, something that will never be possible with gold.

KBC is also exchangeable for gold/CashGold. Starting July 4, 2019 (Gold Independence Day), users can swap their KBC for CashGold at participating ATMs, if they so choose. Or, they could just hang onto their KBC, because it’s a very useful cryptocurrency.

Tradable against Bitcoin, Ethereum, and a number of fiat currencies, KBC is a much more agile asset than physical gold. It can be used for spending. It can even be used to pay for service on the IMpulse K1 Phone – a blockchain powered smartphone brought to you by Karatbars.. With the IMpulse K1 Phone that complements the Karatbars’ infrastructure, calls and text messages will not be transmitted through conventional ways, but instead, they are encrypted and broadcasted by a newly created Voice Over Blockchain Protocol (VOBP). As a result, there’s no need to worry about third parties monitoring user’s actions, as the VOBP uses peer-to-peer encryption that cannot be hacked or manipulated in the current state of the art. Linked to the phone, Karatbars presents a clear utility of Karatgold Coin being that KBC serves as a credit for phone calls.

As you can see, KaratGold Coin changes the game for gold in the digital age. Where once gold seemed like something that would never make the jump to digital, KBC lets you store wealth in gold, while still being able to spend it. This solves golds intractable liquidity issues and introduces gold to a whole new generation of investors. If you’ve ever thought about buying gold, but found it too difficult to use, transport, and store, KBC might change the game for you.

Jesse Fin
 

Jesse worked as a journalist for a large tv station in Korea in her past life. She now works full time at home as a blogger and loves to help her friends manage their personal budgets.

Click Here to Leave a Comment Below 2 comments
Robert - May 30, 2019

this is huge acknowledgment

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Ralle - May 30, 2019

That is a great.
KBC is future.

I was always against crypto currencies, but the KBC convinced me completely.

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