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A Cryptocurrency Backed by Gold in Australia

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January 31, 2018 | 

1709 Views | 

Joanna Newman | 

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Second, only to China in terms of gold production, Australia intends to maintain its key leadership position on other Asian markets by a show of power from the Perth Mint. As Australia’s largest exporter of gold, with about $18 billion in revenue from exported metals, the Perth Mint plans to win back investors, who have been lost to the recent cryptocurrency frenzy by creating their own virtual currency, backed by gold.

According to Richard Hayes, Director of the Perth Mint, this will help stabilize cryptocurrency prices, as well as making transactions faster and more secure.

Reinventing the Wheel









The Re-Appropriation of Gold by the Mighty Bit




Blockchain










What’s Next for Australia?




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Total Market Cap The Total Market Capitalization (Market Cap) is an indicator that measures the size of all the cryptocurrencies.It’s the total market value of all the cryptocurrencies' circulating supply: so it’s the total value of all the coins that have been mined.

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24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current price and the price24 hours ago.

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