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What is Bitgold? All you need to know!

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What is BitGold?

BitGold is actually very different as compared to your normal crypto currency. BitGold is provided by a Canadian company. The underlying principle behind BitGold is that you would be able to save your money and convert into gold reserves with the help of BitGold. Moreover, whenever you are sending someone payments you can convert it into a gold reserve; and thereafter send the payment which ensures; that the payment is completely secure and backed by the bullion metal.

History of BitGold:

The company which is offering BitGold was started in 2014. The company is currently providing you with the opportunity to convert your savings into gold and to sell gold whenever required and to redeem gold as well.

The company is headquartered in Toronto, Canada.

Services offered by BitGold:

BitGold currently offers the service to buy gold as well as to make any business or financial transactions between businesses or individuals using gold. The customers who are using the services of BitGold can directly send or receive the bullion metal.

Whenever you are depositing and storing your money in Bitcoin, the company actually buys and holds gold in its vaults and different cities around the world. The statements of the company are audited by PricewaterhouseCoopers; in order to ensure that it is actually providing the gold backed standard.

Bitgold is still in the initial stages owing to which the market cap is just around $1.13 million. However, as has been seen in the past; assets which are backed by gold become a standard form of transactional currency. Owing to this very reason, you can be sure that BitGold actually has tremendous potential when it comes to providing the gold standards in terms of currencies as well as the financial transactions.

Due to this very reason, if you’re looking to invest in upcoming currencies or in gold, BitGold is one of the best options for you.

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