ICO Radio
Ep. 32 - Reinventing Money: What Happens When the Gold Standard Collides with Crypto & Debit Cards?
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:27:40
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Sinopsis
What if your money was backed by real gold yet could be spent via an ordinary-looking debit card, same as any other. With much lower transaction costs than you're used to - by a factor of around 10. Plus you got a 'yield' too? We’ve featured asset-backed cryptocurrency raises before, including recently exploring the real estate space in episode 21 with Leaseum. This time, Cayman-domiciled Kinesis is drawing on decades with the Allocated Bullion Exchange, an Australian institutional precious metal exchange with seven storage locations worldwide, and offering the next stage in that trade - by putting it on the blockchain. As Ryan says, it’s the evolution of the Gold Standard. The Kinesis cryptocurrencies, KAG and KAU, are based on physical gold and silver stored in vaults, which can be bought with fiat currency and then used in a variety of ways. They can be spent, via a debit card; sent, between e-wallets; or stored, on the Kinesis Blockchain Exchange, which itself runs on a proprietary fork of Stellar. The Ki