The KaratBank Coin is a blockchain-based cryptocurrency that is linked to physically deposited gold. It’s specifically designed to be used as a generally accepted electronic payment means for all who consider gold as a traditional, true, secure and value-stable medium.
In former times, gold was a direct payments means, particularly in the form of gold coins. However, Gold has continuously been replaced by bank notes, which nowadays are not, or only to a marginal percentage, backed by state-owned gold.
Therefore, the value of the bank notes issued by the different countries rely on the trust that the respective country is able to pay its bills. Only this is less sure than in former times.
Especially in less developed countries, the trustworthiness of legal tender moves towards zero. The KaratBank Coin perfectly meets worldwide needs because it is based on gold. Each coin represents a certain weight of gold and can at all times be exchanged into physical gold in the form of CashGold.
Furthermore, it can be exchanged for all fiat currencies and cryptocurrencies worldwide. The KaratBank Coin is cryptonized gold that can be transferred borderlessly, cost efficiently, securely and in real-time.
Its value is predictable because the value of gold has a long tradition and everybody has an idea about its stability. Therefore, the KaratBank Coin has the ability to become generally accepted worldwide.
Currently, more than 480,000 customers from more than 120 countries have already bought smallest gold bars from Karatbars GmbH,
Stuttgart, Germany. The total investment of these customers amounts to nearly EUR 120 million.
It is therefore obvious that with this customer basis, the KaratBank Coin will achieve a high market capitalization: it will write a success story.
