Australian Gold Refinery Announces Plan to Develop Cryptocurrency

Australian Gold Refinery Announces Plan to Develop Cryptocurrency

Perth Mint, Australia’s largest gold refiner, has announced plans for the development a cryptocurrency backed by physical gold. If successful in developing the altcoin, it will join a long list of virtual currencies seeking to entice cryptocurrency investors to experiment with commodity-backed virtual currencies, including Venezuela’s soon to be launched ‘petro’. Also Read: Venezuela Considers Selling Its ”Oil-Backed” Cryptocurrency With a 60% Discount Australian Gold Refinery to Develop Cryptocurrency The chief executive of Perth Mint, Richard Hayes, states that the company has identified a significant opportunity in “bring[ing] investors back to precious metals after a boom in alternative investments […]

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