Cardano Has Tokenized Gold for Its Users
USD used to be tokenized gold before the "The Creature from Jekyll Island" took over the financial system. With blockchain #technology, we have a path to restore the sound money systems.
USD used to be tokenized gold before the "The Creature from Jekyll Island" took over the financial system. With blockchain #technology, we have a path to restore the sound money systems.
Sounds familiar ;)
e-gold was a digital gold currency operated by Gold & Silver Reserve Inc. (G&SR) that allowed users to make payments, which it called "spends", in grams of gold, silver, and other precious metals. e-gold was launched in 1996 and grew to five million accounts by 2009, when transfers were suspended due to legal issues. At its peak in 2006, e-gold processed more than US$2 billion worth of spends per year,[1] backed by over US$85 million worth of gold, about 3.8 tonnes (8,400 lb).[2] e-gold Ltd. was incorporated in Nevis, Saint Kitts and Nevis, and its operations were based in Florida.
https://en.wikipedia.org/wiki/E-gold
Thank you for the information. It is always some regulator that get in the way of progress. Let's wish RWA on DLTs will be able to fight back better.
Hopefully :)
A lot of knowledge being shared here. Thanks Mr Brad. Paper note is now freezing the gold sytem
You are welcome ;)