KaratGold Coin (KBC) Brings Physical Gold Into the Age of Cryptocurrency

KaratGold Coin is a new cryptocurrency to most, but it offers a whole new case for inherent value. Bitcoin may be widely used, but without physical backing of any kind, it could conceivably go to zero someday. Meanwhile, KaratGold Coin is one of the most stable cryptocurrencies in the market, because of the robust mechanism that links its value to the value of physical gold. We’ll explain how all of this works and more, starting with the company that offered KBC to the market in the first place: Karatbars International.

Karatbars doesn’t simply sell gold bars like so many other companies out there. They primarily sell gold to be used as money, and for this purpose their products typically involve gold in very small quantities. Gold sold in large chunks is gold that’s too valuable for everyday spending purposes. But gold that is contained in CashGold (physical notes with an inset 0.1 gram of pure gold) can be traded for normal goods, like food and clothes, just like fiat currency.

It’s fiat currencies that inspired these products. Fiat currencies aren’t backed by anything, just the promise that the government that issues them can pay their debts. If the government fails, so does the fiat. Gold isn’t like that. It has value under any regime and in any culture. The problem is, gold is notoriously tricky to use online.

This is what motivated Karatbars International to create KaratGold Coin (KBC), a cryptocurrency offered up at an ICO in February 2018. KBC collected $100 million during its ICO, and has since then been one of the most stable cryptocurrencies in the space. Its stability comes primarily from the fact that KaratGold Coin’s value is tethered to CashGold notes, and the gold they contain.

Without a way to trade KaratGold Coin for CashGold, though, their relationship in value was in name only. That’s why Karatbars International devised a way to trade one for the other, using ATMs starting on July 4, 2019 (Gold Independence Day). Investors will be able to exchange 100 KBC tokens directly to 1g of pure gold, making it the first digital currency that is actually convertible to a truly valuable asset.

The online spending takes place through K-Merchant. K-Merchant is an app already integrated with thousands of online retailers. Users can buy KBC with Bitcoin BTC, Ethereum ETH, and various fiat currencies (or sell it for the same currencies), then transact with it through K-Merchant. The official plugin of K-merchant can be currently integrated into Woocommerce, Magento and PrestaShop powered online shops and enables one-click-payments with military-grade security. It’s the most digitally agile way to use gold yet conceived.

KBC holders can also use their KBC tokens to pay for functions on their IMpulse K1 Phones . The blockchain powered smartphones are fully integrated with the Karatbars digital product ecosystem. The owner of IMpulse K1 Smartphone, whose mass delivery is scheduled for September 2019, no longer has to worry about the privacy of calls, messages and stored data.

For years, investors of the internet age seemed to think that gold was being left behind. With no way to easily buy or sell it online, and virtually no way to spend it at all, gold was a store of value and little more. Today, with KBC, it’s a digital asset for a totally new audience. Reconsider gold, through KBC, today.