For the first time, gold is being pushed into a crypto currency market

Until today, the most important criticism about crypto-currencies was the lack of a physical countervailing. We will gradually begin to see cryptographic currencies that are physical counterparts.

A while ago, Australian Perth Mint metal refineries announced that they would develop their own crypto currency, which is a precious metal counterpart. Royal Mint, the state-run British government, raised the sieve.

What is Royal Mint Gold?

Royal Mint Bullion, a gold operator operating under RM, announced that they had developed a currency to be stored as gold. Royal Mint Gold (RMG) will be the first crypto currency in the world to be traded under the name.

The foundation says that gold is always a safe haven, but the future of currencies like Bitcoin is uncertain. In this regard, the idea of ​​RMG emerged.

For every RMG that will be purchased from the current value of gold, one gram of gold will be stored in the RM casks. The increase in value will also be relative to the bottom. In other words, RMG will be a currency that is completely under its control, and its number will rise as much as gold reserves.

There is no such thing as bitcoin exploding in this respect, and how much gold goes to RMG will go that far. At this point, RMG is like a crypto currency that will never be available. Also independent of the bank, users will be able to transfer the RMG unit, ie their gold, between the stock exchange.

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