Silver and gold, long-time staples within the global economy, are entering the age of digital finance

Gold and silver have a history as safe-haven investments, trusted units of account, and affordable media of exchange, consistent with the LODE Project, a corporation constructing a blockchain-powered gold and silver payments platform.

“LODE has utilized the innovative application of blockchain technology to offer these metals a task within the digital economy,” says Nick Prouten, an envoy at the LODE Project.

Both precious metals and cryptocurrencies have increased in popularity in recent times, as global uncertainty rose within the face of the pandemic. To hedge facing the devaluation of the U.S. dollar, investors have tried these alternative assets to increase their holdings and preserve their assets. Now, an answer has appeared that combines the 2 worlds.

LODE is mining the worth of gold and silver by offering gold-backed stable coin (AUX) and silver-backed stable coin (AGX). Both products will make their debut on the Hotbit exchange within the second quarter of 2021, adding a replacement sort of liquidity choice to the valuable metals market. Hotbit may be a leading exchange with quite $46,800,000 in trading volume, consistent with Coin Market Cap.

Each AGX Coin represents one gram weight and measure of verifiable silver bullion, and every AUX Coin represents one milligram weight and measure of verifiable gold bullion, both securely held and independently audited within the LODE reserves.

The AGX and AUX Coins are generated and issued on the Syscoin blockchain stage, and their listing on the Hotbit change will help gold and silver digital dealing on a worldwide system. This expansion comes at a suitable time, as investor interest in metals and interests in supply deficits are on the increase.

LODEpay also offers an app, the LODEpayWallet, to form digital transactions of gold and silver more accessible. The app permits users to transfer, use, and store funds backed by digital silver and gold. additionally, users of the LODEpayWallet can obtain virtual credit cards that they will use to spend AGX and AUX anywhere that credit and debit cards are accepted.

Visit lodepay.com to find out more about metals-backed digital assets, and to check digital gold and silver by downloading the LODEpay Wallet via Google Play or the App Store.