U.S. gold dealer launches first digital currency backed by bullion - News and Current Events | futures io social day trading
futures io futures trading


U.S. gold dealer launches first digital currency backed by bullion
Updated: Views / Replies:156 / 0
Created: by kbit Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

U.S. gold dealer launches first digital currency backed by bullion

  #1 (permalink)
Elite Member
Aurora, Il USA
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
 
kbit's Avatar
 
Posts: 5,872 since Nov 2010
Thanks: 3,301 given, 3,332 received

U.S. gold dealer launches first digital currency backed by bullion

U.S. precious metals dealer Anthem Vault Inc said on Wednesday it has launched the first digital currency backed by physical gold, with an aim to increase the use of bullion as an accepted form of electronic money.

Las Vegas-based Anthem said it will launch 10 million "INNCoins" backed by 100 grams (3.5 ounces) of gold, with all coins expected to be in circulation by July 2015.

"It should make gold more acceptable as a form of currency by combining its appeal as a store of value and a much more efficient medium of exchange," said Anthem Blanchard, chief executive of Anthem Vault, who previously worked at online precious metals market GoldMoney.

Blanchard said Wednesday's launch was a promotional offering, and the company has plans to offer a full suite of virtual currencies backed by a larger amount of gold as well as other precious metals at the end of September.

INNCoin is a form of cryptocurrency - with the most notable one being bitcoin, which operates on a decentralized, peer-to-peer network, meaning no government, bank or administrator regulates the currency.

The system reward computers that solve complex mathematical problems by the occasional payoff of new bitcoins in a process known as bitcoin mining.

The launch comes at a critical time for online currency markets after the failure of Mt. Gox, once the world's biggest bitcoin exchange, and increased regulatory scrutiny shook investor confidence in digital currency.

The market is also crowded, with Anthem competing against established players, including Namecoin (NMC), Litecoin (LTC), Dogecoin (Doge), Peercoin (PPC) and Mastercoin (MSC)

U.S. gold dealer launches first digital currency backed by bullion | Reuters

Reply With Quote
The following user says Thank You to kbit for this post:

Reply



futures io > > > > U.S. gold dealer launches first digital currency backed by bullion

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Think Gold Slump Is Bad? Bullion Stocks Way Worse Quick Summary News and Current Events 0 March 13th, 2013 05:10 AM
China Launching Gold Backed Worldwide Currency Victory Trader News and Current Events 4 September 4th, 2012 03:20 AM
Is Bullion Back? Why 'Gold Is Still In a Super Bull Market' Quick Summary News and Current Events 0 January 18th, 2012 06:40 PM
Trustee to Seize and Liquidate Even the Stored Customer Gold and Silver Bullion From Quick Summary News and Current Events 0 December 18th, 2011 04:20 AM
Gold, silver coins to be legal currency in Utah kbit News and Current Events 0 May 22nd, 2011 10:29 PM


All times are GMT -4. The time now is 09:43 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-12 in 0.06 seconds with 19 queries on phoenix via your IP 54.221.93.187