KaratGold Coin (KBC) is Bridging the Digital Gap Between Gold and Cryptocurrency

Cryptocurrency is the newest major asset class to emerge in the 21st century. Most famous is Bitcoin, but the crypto markets now include several thousand digital currencies and tokens. These tokens are used for all kinds of purposes, but the ones used as digital money are still the most popular. Among the top 10 cryptocurrencies trading today, 4 (Bitcoin, Bitcoin Cash, Litecoin, Ripple…or 6 six if you count Tether and Binance Coin) are primarily as digital forms of cash.

However, none of these digital assets has a foundation of inherent value. Sure, the law of supply and demand ensures that these cryptocurrencies have value as long as people use them, but there’s nothing built into these technologies that makes them reliable stores of value.

This has led a whole new generation of asset-backed-cryptocurrencies to enter the stage. Coins like these will theoretically always hold their value, as long as they continue to be backed by real world assets that retain value. A number of different asset-backing types have been used since these so-called “stablecoins” first emerged, but none is so interesting or promising as gold.

Gold can sound downright out of place when it comes to cryptocurrency. After all, this is an ancient asset that seems out of step with the internet age. But a coin called KaratGold Coin (KBC) has found a remarkable way of unifying gold with this newest kind of asset.

KaratGold Coin wasn’t the first cryptocurrency to be linked to  gold. But it is the first cryptocurrency to be 100% tradable for gold (in the form of CashGold – more on this later). The company that introduced KaratGold Coin to the market in the first place, Karatbars International, has introduced a remarkable array of products and services that are transforming the very notion of gold ownership in the 21st century.

Take, for example, the K-Merchant app. K-merchant allows users to transact with KBC in all kinds of ways. The can buy it with Bitcoin, Ethereum, or fiat currencies, or sell it for the same. They can also spend KBC for goods and services with thousands of online retailers. This essentially means that gold is now spendable online, because KBC ownership and gold ownership are now equivalent.

This last point is true because of the possibility of exchange. Starting July 4, 2019, KBC will be swappable for gold in the form of CashGold notes (at participating ATMs). CashGold notes a paper bills that resemble normal fiat bills in style and form. The difference is that CashGold notes hold a tiny bar of gold, weighed at just 0.1 grams. The gold confers value upon the note.

KBC prices are tethered to the value of specific quantities of CashGold. This means that users can own gold without having to possess it. They can also transfer the ownership of this gold by spending KBC online. KBC also pays for services on the new IMPulse K1 smartphone. With the IMpulse K1 Phone that complements the Karatbars’ infrastructure, calls and text messages will not be transmitted through conventional ways, but instead, they are encrypted and broadcasted by a newly created Voice Over Blockchain Protocol (VOBP). As a result, there’s no need to worry about third parties monitoring user’s actions, as the VOBP uses peer-to-peer encryption that cannot be hacked or manipulated in the current state of the art. Linked to the phone, Karatbars presents a clear utility of Karatgold Coin being that KBC serves as a credit for phone calls.

All told, this diverse set of products and services changes the way it’s possible to use gold, and a new class of investors is reconsidering gold for a place in their (virtual) portfolios.

 

Dwayne Rettinger, Other Experts Discuss: Updating Your Will – When To Do It

It’s time we stopped viewing our wills as stagnant documents, completed once then filed away in a dusty safety deposit box until death. In reality, a will should be seen as a living, breathing file that must be periodically updated to reflect changes in our lives. Here are some situations where another look at your will might be necessary.

1.  A New Addition to the Family: Children need plenty of attention, especially when they are young. But it’s also important to prepare for the worst, says Dwayne Rettinger, an Executive Financial Consultant with IG Private Wealth Management. “What if …

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Data Driven Decisions

Making decisions is the ultimate job of anybody in a position of responsibility in a business, especially if they’re ultimately in charge. As a founder, CEO or Chief Operating Officer, the majority of your job is taking high level, strategic decisions for your business. You need to inform yourself so you know what the right long term goals are you need to be working towards, as well as dealing with the day to day issues that arise as part of running any complicated organisation.

It’s a cause of stress: successful CEOs command high salaries not just because they create success …

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5 Tips for Paying Off Those Credit Cards Quickly

If you’ve ever dealt with credit cards, then you already know they are a useful tool, but they can also get you in a heap of trouble if you aren’t careful. There are many myths out there associated with these cards and the debt they carry, but what it comes down to is you have to pay your bills if you don’t want to ruin your credit score. With that in mind, read on below for a few tips to help you pay them off quickly.

Pay off the One with the Smallest Balance First

It makes sense to pay …

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How to Maintain a Good Credit Score

What causes bad credit? Late payments, charge-offs, defaulting on loans, foreclosure and bankruptcies are some of the things that can ruin your credit. An unpaid judgment can also cause your credit score to drop to the point where even an easy personal loan isn’t so easy to get. Dealing with bad credit can be frustrating. Fortunately, there are ways that you can keep your credit score high.

How to Improve Your Credit Score

Check Your Credit Report

It is estimated that 20 percent of people have at least one error on their credit report. If you have a low

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5 Keys to Turning Your Side Hustle Into a Successful Business

Starting a side hustle is the perfect way for people to pursue their passion while paying their bills. With hard work and dedication, entrepreneurs can start a business while using their regular income to support their efforts and keep the lights on.

For some, keeping a side hustle is a great way to supplement one’s income while working a full-time job. For others, the goal is to create a full-time endeavor. Here are five keys to turning your side hustle into a successful business.

Get the Right Tools in Place

When you’re building a side hustle, you have wiggle room …

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What is a “Small Business” Work Retreat?

It’s difficult to find the balance between work and your personal life in the startup phase of your business. You fear that if you step away for even a minute, the entire enterprise will flounder and fail. The truth is that there is a lot of risk associated with starting a business. And it could not work out. But you will never know for sure unless you put your whole self into it. However, that could lead to burn out.

Entrepreneurs have drive, but this can be what forces them into a state in which they are unable to enjoy …

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4 Goals for A Great Retirement

When it comes to retirement planning, you need to do more than figure out how to increase your investments or scale down your expenses; you also need to set some meaningful goals.

Goal setting isn’t something you should do only when you’re trying to climb the corporate ladder or achieve your dream career. It’s something that will also serve you well if you want to enjoy a great retirement.

Without goals, retirement can be challenging. If you have to live frugally, then it’s rewarding to focus on something other than financial affairs. But goals are also important if you have …

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How You Can Save Money by Summer

Although it seemed like this time would never come after a long winter, it finally seems like the nice weather is here to stay!  That means you can open up the windows to get some fresh air in, not to mention if your house a long overdue spring cleaning.  The warm weather means that summer is around the corner, and while your weekends will likely start to fill up fast, you can start to reduce expenses now so that you can have extra play money during the summer.

Avoid Going Out to Eat

Sure, this one may be tough, especially …

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How to Avoid Potential Money Wastes

While sure, it’s important to know the sep ira rules when it comes to setting yourself up for financial success but if you aren’t maxing out your retirement account, then there is plenty of room for improvement with the rest of your finances.  By avoiding some of the biggest money wastes, you can free up extra money in order to build an emergency fund, pay off debt, and fund your retirement account.  The earlier you start, the more it will pay off in the end when you really need it.

Not Tracking Spending

You may know how much are in …

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