An alternative to FIAT and CRYPTO money - Golden currency

emilyearl (45)in #cryptocurrency • 6 years ago (edited)

Fiat currency has been used for daily transactions in all countries across the globe. In some countries, there has been inflation of their own fiat currency and in other countries, their fiat has lost its value. All this are encountered due to instability and the activities of politicians in most countries. The same can be seen in the cryptocurrency world where price is very volatile and nothing is guaranteed. This has put many out of business with their investment funds all lost to the winds. This two currencies, fiat, and cryptocurrency are highly manipulated by numerous forces and such act causes heir instability.

There is the need for a currency which is independent of government manipulations and volatility. Golden currency is bridging this gap, the currency is a gold backed currency which will not be politicized or backed by any country central bank. This currency will serve all the functions which both the fiat and cryptocurrency have not been able to solve. These problems include the non-stability of both currencies. Across the globe, there is not one currency which is stable in value, every countries fiat currency keeps fluctuating, the same can be said about the cryptocurrency market. Among all the coins and tokens listed and traded across multiple exchanges, there is not one that is volatility free, every cryptocurrency fluctuates in price from time to time.

Golden currency is bringing all this to an abrupt end through the introduction of its currency which will not only be backed by gold but will exude the characteristics of stability. Over time now, each countries fiat has been managed by the government and printed when the need arises, the cryptocurrency market has as well been manipulated by the activities of both whales and some major pump and dump groups. Also, the security issues surrounding cryptocurrency adoption has aided its price rise and fall as it keeps responding to news every now and then from the world power. All this has both affected the cryptocurrency investors and they are overwhelmed with uncertainty as to when the market will stabilize.

Now you may be wondering how will I use this golden currency in real life? This is the thing, the Golden currency will build a bank which will enable users to open an account through which they can connect with their golden accounts and be able to perform diverse transactions which include: wire transfers, payment transactions across companies and countries. With your Golden currency card, you can easily convert your assets to your fiat currency and cryptocurrency as well.