BankChain Technology Similar To Blockchain Technology Launched Very Soon For Gold Transaction Digitally.
According To Market Research $27 Billion of Gold changes hand every day.
It will takes some times that is couple of days for settlement prices of Gold.
Because of huge time and transactaction cost of physical delivery of Gold
Some Big company like CME group Inc, IEX groupInc SpinOff Trade Wind Markets and Financial Technology Firm Paxos
Are Want To Make A similar Platform Like Blockchain ,That Is BankChain Precious Metals to bring Gold into The Digital Age.
Image credit:
https://www.google.co.in/amp/s/amp.ibtimes.co.uk/itbit-bankchain-launch-delivery-versus-payment-ledger-gold-1523283
Digital Gold can be used as eligible collateral all over the world without leaving the Vault.
Global Exchange and clearing houses accept digital gold for trading across multiple asset classes by using BankChain Technology.
BankChain Precious Metals Technology brings New Opportunities, Fast Dynamic Tradings and Instant Settlement and Frictionless movement of Gold Globally.
BankChain Technology offers Simultanious Delivery of digital Gold an Payment reduces physical Risk of Third Party.
BankChain Technology Reduce Capital charges and increased operational efficiency through Automation .
Reduced capital charges, increased operational efficiency through automation
A Trader begins the day by using a digital gold to meet margin requirements for trading in HongKong. Once Positions havr Flattened, the metal can be transferred digitally through BankChain Precious Metals.
London, New York and other global financial center's can re use it during the same trading day.
The BankChain Precious Metals will be Tested Successfully By Pexus and will Launched in this year's very Soon.
More Information:
https://www.paxos.com/bankchain-precious-metals
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