A new gold-backed digital currency has been launched by CMO Inc, operating as COEPTIS, which is billing itself as more compliant, liquid, and reliable as a store of value than its non-gold-backed peers. "To become a member you have to go through that customer identification," Cunningham said. The platform for the new currency platform has been under beta testing for two months and is to expand its membership to invited participants over the next two weeks. The currency is called Global Standard Gold (AUG), and is backed by physical gold, which is held in a trust account. According to the company, it will be able to provide users with an alternative means of storing their precious metals that can also serve as a medium of exchange on the blockchain.
A new gold-backed digital currency has been launched by CMO Inc, operating as COEPTIS, which is billing itself as more compliant, liquid, and reliable as a store of value than its non-gold-backed peers. The platform for the new currency platform has been under beta testing for two months and is to expand its membership to invited participants over the next two weeks. The currency is called Global Standard Gold (AUG), and is backed by physical gold, which is held in a trust account. According to the company, it will be able to provide users with an alternative means of storing their precious metals that can also serve as a medium of exchange on the blockchain.