BitGold
Latest
Someone's built a bitcoin-like system for real gold
There's no short, elegant way to describe bitcoin, but if you put a gun to our heads, we'd say that it was digital gold. That's because the cryptocurrency is based on a limited quantity of a resource that is then used as a method of exchange. Unfortunately, bitcoin's popularity within the high-minded financial sector has grown to such an extent that honest-to-goodness real gold is getting in on the act. BitGold (yup) is the brainchild of Toronto-based Roy Sebag, who has cooked up a digital payments platform that connects real-world vaults with online customers.
