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Blockchain-backed gold planned by Perth Mint

 
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01/21/2018 08:20 PM
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Blockchain-backed gold planned by Perth Mint
[link to www.theaustralian.com.au]


Australia’s biggest gold refiner, The Perth Mint, is developing its own blockchain-backed gold products as it looks to respond to the threat posed by the rise of bitcoin and other cryptocurrencies.

While Perth Mint chief executive Richard Hayes dismissed the trading frenzy in bitcoin as a bubble that would invariably burst, he told The Australian the underlying blockchain technology behind cryptocurrencies presented an opportunity for the mint to develop new gold products offering greater security and traceability.


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Strike

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01/21/2018 08:31 PM
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Re: Blockchain-backed gold planned by Perth Mint
Because thats what everyone wants, "Greater traceability".
RandomS

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01/21/2018 08:38 PM
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Re: Blockchain-backed gold planned by Perth Mint
Because thats what everyone wants, "Greater traceability".
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Anonymous Coward
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01/21/2018 08:42 PM
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Re: Blockchain-backed gold planned by Perth Mint
Phoenix coin will be one world currency.





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