Asia remains the epicenter of the world’s economy, and that’s no different when it comes to interest in digital currency. DigitalTangible has launched their physical gold and Bitcoin trading services in Asia, thanks to their new partner Melotic.
Global customers of DigitalTangible Inc can now trade both their Bitcoin and their gold on the new Chinese Crypto-Gold trading platform. On Melotic’s commodity markets, users can trade the fine 1 oz. Pamp Suisse physical Gold bars, offered by DigitalTangible.
The key factors for DigitalTangible’s success are fast, transparent and secure control of their valuable hard assets, regardless of where you are in the world. Thanks to their patent-pending Proof of Custody global gold accounting ledger, DigitalTangible has been able to lower both investment and portfolio management costs.
With the new Chinese Crypto-Gold trading platform opening its doors, investors can now convert all of their gold holdings into digital money. This allows for global transmission and redemption anywhere Bitcoin payments are accepted and used.
Melotic’s user-friendly interface combined with DigitalTangible’s lowest possible costs make for a very strong investment platform. Transaction fees range from 0.05% to 0.25% , which is far lower (and more transparent) compared to Gold-Exchange-Traded funds , or even some physical gold marketplaces.
DigitalTangible customers are given the possibility to withdraw their Pamp Suisse tokens from Melotic and redeem them for physical delivery anywhere in the United States or Asia. No word on whether this service will be expanding to Europe as well.
When we asked the CEOs of both companies to comment on the partnership, we received the following reactions :
“Digital Tangible is the only service that links real physical commodities to a blockchain, stores it in provable custody through its gold partnerships, and also enables consumers to take delivery of the goods. They have effectively put gold into the Bitcoin Blockchain, which allows customers from all over the world to invest and trade in assets in a way that was previously impossible. Melotic is excited to be a partner.”
Jack Wang – Founder and CEO of Melotic
‘We have received immense Asia demand from customers looking to profit from trading between gold and Bitcoin. Our solution expands on the Bitcoin Blockchain Protocol to allow anyone to purchase and trade gold assets more flexibly and cheaply than was ever possible before.“
Taariq Lewis – Founder and CEO of Digital Tangible Inc
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