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RE: Royal Mint RMG Coin v Top 5 Crypto’s
What other currency can you say I want my gold and they will deliver it? This is as close to getting back on the gold standard and having money backed by gold as you’re going to get.
It has to be better than crypto that’s backed up by nothing, and fiat money that the elite bankers control .
Yeah, there are others who have tried this before but didn't quite take off I don't think.
RM has a millennium long foundation and recognition to launch this from, so it could actually work.
Part of me still thinks it's only milking a fad to repackage their already existing vaulting service, but it could set a very powerful precedent to others to start solidly backed crypto.
I think the key to this being more than a glorified vaulting service with a fad methodology is its application across partners who are willing to accept the transfer of RMG as payment for real world things.
When you Paypal someone, you send them a digital IOU that grants them access to a fraction of the fiat the banks claim they're holding for you. If we can send RMG, we're sending access to a fraction of your gold. So cool.
They have signature gold but it charges you when you sell, this will be a winner get some cash saved up and get some in
Yes I registered my interest with them as a private investor. So any news should come into my email now.