Crypto Gold — It’s A Thing! New Stablecoin Checks All The 2020 Fear Boxes | WHAT REALLY HAPPENED

Crypto Gold — It’s A Thing! New Stablecoin Checks All The 2020 Fear Boxes

It’s physical gold. It’s crypto. It’s government-backed. It’s a new product from a Silicon Valley company mutating gold and crypto into a single unit. And it’s as deeply fear-soaked as anything since, well, 2020.

Today Uphold, a digital investment platform based in San Francisco, announced what it calls “a better form of gold”: Universal Gold. Users can buy the gold crypto UPXAU — a token verifiable on the Ethereum blockchain and audited by the security firm CertiK — and Uphold instantly contracts to buy physical gold from the Government of Western Australian.

From that moment, the investor owns the gold. She can spend parts of it using her Uphold credit card, or take physical delivery: Uphold will send the FedEx FDX +1.9% guy with the click of a mouse.

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