This Blockchain-Based Startup Is Revolutionizing The Finance Industry
Has it ever occurred to you what the future of money is? How will digitalization dawn upon the world of financial transactions? With
So what exactly does KaratGold coin stand for and how is it beneficial in revolutionizing the financial market? The mission of KaratGold project is to create and develop a global infrastructure that will become a bridge between conventional and blockchain-based financial systems.
The foundation of the future global structure that will evolve into the stabilizing centre of the world economy is being actively laid with the help of KaratGold coin as the whole ecosystem is built around KaratGold Coin making it the centre of the future economy built on blockchain technology.
Harald Seiz, CEO of KaratGold coin is a German who has been successfully working as a financial consultant since 1982. In 2011 he founded the Karatbars International GmbH in Stuttgart, becoming the managing director. Since then he has consistently and successfully internationalized the business.
In 2016 he was even awarded the Senatorial Degree by the Federal Association for Economic Development and Foreign Trade (BWA). In parallel with his entrepreneurial involvement with cryptocurrencies, Seiz is an advocate of the sustainability of gold as legal tender.
He is someone who has greater goals in mind. In his book, ‘Think Big’ he mentions a gold-based means of payment that is crisis-proof and will revolutionize our financial system. It is a mission for which he was smiled at first. Today he is the market leader for innovative gold products. And yet Seiz still sees himself at the beginning: a payment system based on gold, gold mines and the foundation of a bank are only a few building blocks on the way to the top.
This is the man who created KaratGold coin.
They also have products lined up that represent the future. For example they have the Privacy-first smartphone with the unique ‘Voice-over-Blockchain’ (VoBP) Protocol. It is a revolutionary cyber-protected, blockchain-enabled smartphone with built-in cold storage wallet and VoB technology. The new IMpulse K1 Phone embodies a new way of telephone communication presented by Cryptodata. Today in any kind of online transactions the question of whether it is secure enough always comes up. With blockchain technology security is of the top priority to KaratGold Coin.
Let’s dig in further into the world of KaratGold coin revolution. The K-market as introduced by KaratGold Coin themselves, is a way of accepting crypto payments with a simple scan.
From now on, retailers and online shops worldwide can use the new crypto payment system for their own purposes. The central element of K-Merchant is the irreversible, booking- and certification-secure logging of the payment by the KaratGold blockchain.
A process flow via blockchain is unique, unmistakable and secure. The customer initiates a payment via K-Merchant, the system validates it and the process is completed – irrevocably and without costs. This makes it one of the most secure payment gateways, thus gaining the customer’s trust.
It has major collaborations to look out for like their partnership of Gold Standard Banking Cooperation AG, Karatbars International GmbH gains stability in gold supply on an international level as well as regulation in the financial services sector.
The result – a strong product ecosystem enabled by state of the art blockchain technology! Karatbars International GmbH and
About 27 billion dollars of gold change hands every day. However, it often takes several days for the money transaction to be confirmed, which takes up a lot of time in daily gold trading. Within just a few hours, the price of gold can rise or fall to such an extent that both the buyer and the seller run a high risk every minute that passes.
Thanks to blockchain technology, transactions will be more transparent, secure and faster. It is also intended to attract new investors to the gold market and when it comes to transactions, blockchain technology can and will revolutionize the gold market.
The financial sector is up for a treat with new technologies coming their way, with KaratGold Coin making its way into digitalizing the future of money we are yet to see what other organisations have in store.