More competition, really?14 Aug 2018 11:03
No idea why so called shareholders come on this board and continue to drip stupid comments, the latest, more competition, really! Look at banking, HSBC, Lloyds, RBS, Barclays, Standard, Yorkshire, Santander, TSB and that is just the UK! Any attractive market attracts competition. competition in a new fledgling market is not a zero sum gain, it helps build and grow a market.
We are launching A “Blockchain” is everyone’s latest buzz word because it sounds like they are breaking into new tech. A Blockchain is a slow database only of any use in a decentralised format. It adds no viable extra value to a gold/fiat exchange unless it was decentralised, in other words not owned by a competitor.
Gold Money, the biggest global competitor we have have been up and running in Canada for years but that is not stopping others launch, Glint (the joke company) are a so called competitor. the banks have been in existence for years yet we have a dozen new challenger banks in the UK alone, and more launching all the time.
Right rant over. Back to the world of the grown ups...