by Marvin Dumont
In 1912, J.P. Morgan testified before Congress that “Gold is money; everything else is credit.”
Apollo Fintech currently has an ongoing coin distribution event with Gold Secured Currency (GSX). The gold-backed coin has an initial price of $0.046 USD. But unlike other growth coins, GSX can rise in value considering that gold has historic prices of over $1,900 per ounce given the global recession.
GSX has been receiving plenty of attention from crypto outlets, influencers and bloggers per Apollo’s Twitter account. A total of 10 billion GSX are available for acquisition with a hard cap of $100 million.
According to Aristotle, money has three functions: a unit of account, store of value, and medium of exchange. A gold currency accomplishes all three while giving owners long-term gains from price increases.
There are plenty of regulated stablecoin operators in the United States like TrustToken, Gemini and Paxos. These companies have tokenized-dollar products that stabilize payments and consumer purchases since these don’t feature Bitcoin or Ethereum’s volatility.
In late September, the Office of the Comprtoller of the Currency (OCC) allowed U.S. financial institutions to hold deposits as reserves for stablecoins. Also in September, the Wyoming Banking Board approved crypto exchange Kraken as a special purpose bank.
Apollo Fintech is a leading blockchain company that develops world-shaping fintech solutions for a global economy. Apollo has offices in Africa and North America with plans to expand in Asia, Europe and Latin America. Apollo Fintech is becoming a global leader in Government Blockchain solutions, as well as pioneer of international mass adoption.
Learn more at aplfintech.com.