Gold will be available to users due to the launch of the PMGT tokenToken
– is an accounting unit that is used to represent a digital balance in an asset.Details. The information appeared in a press release.
InfiniGold will release the PMGT
The Perth Mint token is the first digital currency of gold in a public blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details supported by government agencies. Australian company InfiniGold today announced the release of the Perth Mint Gold Token (PMGT), a digital token backed up by GoldPass certificates.
Users will have the right to buy and store Australian Mint assets in the form of electronic currency. PMGT is called an alternative to ETF funds. With GoldPass certificates, users will sell and transfer gold in real time.
Gold is a stable asset that attracts investors as insurance during the fall of the dollar. PMGT provides a unique alternative to stable US dollar-backed coins that have resulted in a $2.3 billion inflow since the beginning of the year in 2019. PMGT offers owners transparency, risk diversification, and protection against market volatilityVolatility
– is a financial term that means a statistical indicator of price change. In the cryptocurrency world, it is used by traders as an indicator for managing financial risks. That is, it is a measure of trade risk and as a financial analytical tool for gambling. Details.
Interesting in the section: Financial geography: cryptocurrency in Australia
In August 2018, Australian residents paid their bills using cryptocurrency. Blockchain technology and digital currency are in demand across the continent due to the introduction of the “Code of Conduct for Cryptocurrency.”