Cryptocurrencies
This New Blockchain Platform Aims to Give Gold a Digital Edge
- TradeWind Markets system also backed by IEX, Goldcorp
- ‘Most important thing’ to hit gold market in decades: Sprott
Bitcoin: What’s Coming in the Year Ahead
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Cryptocurrencies and the blockchain were thought by some to replace gold as the ultimate haven against financial calamity. Now the gold market is using blockchain to kick back at crypto and bring precious metals into the digital age.
TradeWind Markets Inc., a technology provider backed by Sprott Inc., Goldcorp Inc. and IEX Group Inc. on Monday launched a new digital gold trading and settlement platform that aims to simplify and speed up trading and reduce transaction costs. The Royal Canadian Mint will provide storage for the platform, confirm that it’s in possession of the physical gold that underlines it and guarantee the option of physical delivery.