NEW YORK, Jan. 14, 2022 /PRNewswire/ — CrossTower Inc. (“CrossTower”), certainly one of the world’s fastest-growing crypto and digital asset exchanges, has launched the G-Coin digital gold token (GCOIN) for its U.S. clients. Unlike cryptocurrencies, the G-Coin token is a digital title of possession to 99.99% pure bodily gold that’s saved in secured vaults. All tokens thus give patrons possession of the underlying bodily gold, moderately than publicity to gold’s worth. Tokens mix the finest qualities of conventional gold – stability, safety, and worth – with the advantages of digital innovation. Following its launch in the U.S. in 2019 by way of G-Coin’s proprietary G-Wallet, GCOIN is now accessible for commerce on the CrossTower platform in the United States, together with cryptocurrencies similar to Bitcoin, Ethereum and USD Coin.
2021 marked a 12 months of unprecedented inflation for the US greenback, inflicting an increasing number of customers to hunt out various types of wealth preservation, together with cryptocurrencies and gold. GCOIN is thus a well timed product for the market. Customers should purchase and promote GCOIN on-line safely, securely, and seamlessly. Tokenization allows customers to buy a digital title of possession to gold conveniently and in smaller portions than is typical in the bodily gold market. GCOIN will be purchased and bought with and for BTC, ETH and USD.
Moreover, the bodily gold – Responsible Gold™ – is produced by miners and refiners who conform to the highest environmental, social, and governance requirements. Tracked from mine to vault on blockchain know-how, Responsible Gold™ offers the final assurances of provenance, chain of custody, and 99.99% purity.
Kapil Rathi, Chief Executive Officer and Co-Founder of CrossTower mentioned, “Millennials and youth are tapping into the crypto sector and demand, schooling, and curiosity in this sector is on the rise. To enhance this, CrossTower is including this distinctive possibility to purchase and commerce GCOIN. In addition, G-Coin offers clear data to the purchaser on the place the underlying gold is mined, its ESG rules, and the place GCOIN is saved. CrossTower is proud to tackle the alternative to allow each particular person to personal this widespread, conventional asset in a brand new digital and ESG compliant kind.”
“To personal GCOIN is to personal gold,” mentioned Brent de Jong, Chairman and Founder of G-Coin. “Our partnership with CrossTower, a world chief in digital asset buying and selling, will allow merchants eager to handle cryptocurrency volatility and keep away from the burden of bodily storage, to buy GCOIN as a pure hedge for his or her portfolios. Blending asset lessons to maximise return and reduce volatility is crucial and GCOIN offers an alternative choice to improve portfolio efficiency by way of stability, liquidity, and efficient diversification. We see gold as a strong wealth protector and creator, and we have made it our mission to make it accessible as a financial savings software and likewise to offer it further utility as a medium of trade”.
With the G-Wallet, customers can unlock G-Coin’s full performance to ship or reward gold to mates, household, and different G-Wallet holders instantaneously and at zero value. A G-Coin debit card will enable customers to spend GCOIN for service provider transactions.
CrossTower is a world thought-leader and a participant of the Internet and Mobile Association of India (IAMAI), Blockchain and Crypto Assets Council (BACC), Global Digital Asset and Currency Association (Global-DCA) and the Digital Asset Regulatory Legal Alliance (DARLA). Through these organizations, CrossTower facilitates coverage that can improve the growth and innovation of finance whereas emphasizing the safety and security of consumers’ belongings.
Founded in 2019, CrossTower, ranked fourth in the world by Cryptocompare, is a crypto trade with capital market capabilities. CrossTower empowers good cash to push the limits of what’s potential. CrossTower offers the best-in-class providers and merchandise tailor-made to the wants of retail merchants and establishments, together with hedge funds, household places of work, endowments, pensions, and different market contributors. CrossTower leverages its huge expertise in buying and selling, know-how, operational infrastructure, modern pricing, laws, and compliance to make cryptocurrency and digital belongings accessible to retail and complex institutional market contributors. CrossTower has places of work positioned in the US, Bermuda, and India.
The G-Coin token is operated by the Emergent Technology & Payments Group (“EmTech”). EmTech develops and commercializes know-how options to create interconnected, frictionless, and accountable fintech ecosystems. The Responsible Gold Ecosystem offers the means for gold with irrefutable, blockchain-based provenance information, that conform to finest observe ESG controls, to be digitally minted into G-Coin tokens that can be utilized to avoid wasting, ship, and spend Responsible Gold. G-Coin brings gold into the digital age, making it accessible and giving it true utility. G-Coin Wallets enable customers to ship gold from peer to look each domestically and throughout borders. The G-Coin debit card permits customers to spend gold on day-to-day purchases. G-Coin tokens are redeemable for bodily Responsible Gold bars*. The group operates in greater than 60 high-growth markets throughout Asia-Pacific, Latin America, the Middle East, and Africa. To study extra, go to www.emergenttechnology.com. www.gcoin.com. www.responsiblegold.com.
*Although bodily redemption of Responsible Gold™ backing G-Coin is permitted underneath sure situations, restrictions could exist in particular jurisdictions. For inquiries concerning the availability of such characteristic please contact buyer assist at [email protected].
The data offered herein doesn’t represent funding, tax, authorized or accounting recommendation. No illustration or guarantee is made as to the accuracy, content material, suitability or completeness of the data, evaluation or conclusions offered. As with many different belongings, the danger of loss in buying and selling or holding gold or digital belongings will be substantial and must be thought of fastidiously in gentle of private monetary situations.