The UK Royal Mint has now officially launched their own Blockchain-based, gold-backed, cryptocurrency.
The UK Royal Mint is the official institution responsible for producing all of the physical money in the country has for circulation. This means that this crypto is official!
I am not sure how interested I would be in purchasing any big-government coin, but if I were going to do so, this would most certainly be one that I would consider. None the less, this is definitely a step towards worldwide crypto acceptance.
The coin is called Royal Mint Gold (RMG), and it is a digital representation of gold stored in the Royal mint vault.
The UK is not the only country in the works of having their own crypto. Australia recently reported that their largest refinery, Perth Mint, would also be creating their own crypto backed by precious metals.
Would you want to own a precious metal backed cryptocurrency? Tell me in the comments!
To the moon,
