The first hybrid cryptocurrency has recently released its long-awaited whitepaper detailing how the new type of digital asset will be able to offer its user intrinsic value, mitigate price volatility and encourage a fair market of supply and demand.
The new hybrid coin is backed by a physical reserve, Gold Bullion stored in a vault in Gold Silver Central Pty Limited in Singapore and is insured by Lloyd’s of London and another trusted name.
Secure Gold Coin is a project of an Australian-based company, Security Gold Coin Pty Limited and is integrated with SGC Pay Debit Card for enhanced usability of crypto with fiat currencies.
In using Gold the cryptocurrency hybrid minimizes the fears of fluctuations and instability and the association of digital assets increases the liquidity of the aspect of the currency, two concepts that serve as the backbone of SGC vision, according to Qazi Ahmad Mukhtar, CEO of SGC.
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