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18 Jul
"a digital asset, backed in physical gold could replace the dollar more easily than actual physical bars of gold could" - Bloomberg Markets and Finance - July 2020
Presented by ? The first FI who shorted the f##k out of BTC, the one and only, CME Group
#0doubt
CME Ventures which is one of earliest Ripple investors presents via Bloomberg this video where they show us a gold-backed economy could be on the way. But a gold-backed economy in a digital age, so a digital currency backed by gold
So how do you get a digital gold interoperable with the the worlds' FI ?
Well, as funny as it get, there is such a thing being developed for almost a decade
As Ripple CTO Stefan Thomas said in 2017 they build a : "gold that you can teleport into any vault in the world instantly"
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