Value – Physical gold backed with immutable transparent blockchain accountability, GoldCrypto Coin value is irrefutable.
Counterfeiting – Cannot be counterfeited as GoldCrypto Coins are accounted for in the transparent blockchain.
Trust – Backed by blockchain verifiable gold and no debt.
Transferable – Can be used for payments, remittances, gifting, or be bought or sold on global cryptocurrency exchanges.
Authenticity – GoldCrypto Coin authenticity can always be GoldCrypto blockchain validated and verified.
Portability – GoldCrypto Coins are globally portable and, through cryptocurrency exchanges, can be realized in multiple fiat currencies.
Fungibility – Able to be used for exchange of most any value services or products and/or for physical gold which is itself highly fungible.
Durability – As a digital currency, GoldCrypto Coin durability exceeds all fiat currencies.
Divisibility – Provide for divisibility that will enhance global usage as and when required commensurate with its growth traction as a cryptocurrency.
However, for any cryptocurrency to emerge as a true global currency of choice its usage value, recognition and acceptance needs to be unquestioned and unanimous worldwide. Further it will need to address scale as Bitcoin, even with value of over US$10,000 per coin, is still a very small player in the global currency market.
Putting things into perspective, Bitcoin has a current market capitalization of around US$230 billion within a global market where all fiat currencies total US$90.4 trillion of which only US$7.6 trillion is in printed or minted form.
Notably and additionally, gold reserves amount to US$7.7 trillion, stock market assets US$73 trillion, property assets US$217 trillion, and hanging over all this is total global debt of $215 trillion, and a derivatives market value of well over US$500 trillion.
Clearly, a run on any major fiat currency or assets liquidation would be cataclysmic.