Glint - Roy Sebag22 Jul 2018 20:00
Certainly worth reading, it shows the complexity of what CP is trying to achieve by doing this properly, EG: with real Gold, not Synthetic Gold.
It is also interesting that when you read the article it coincides with Glints sudden big capital raise of £15M - more than coincidental. In other words, are they raising to cover the Gold on account by their customers?
It tells me 2 things, 1. Glint are gaining customers. (Good for Goldbloc launch) 2. As their system is flawed given the accuracy of the article, they’ll have to keep raising money to cover the clients purchased Gold.
CP is setting up a first, a Gold backed currency via the direct ownership of Gold in a debit account.