After Facebook raised interest in cryptos and a bagful of loud words from US President Trump, with its crypto plans, came the Walmart story. The retail giant has proceeded to legalize the route for its very own crypto.
Glitzkoin CEO Navneet Goenka, sees this as a growing and healthy trend. In his words, ‘… the move by Facebook and Walmart has a close resemblance to what Glitzkoin is doing — delivering a project and crypto that is linked to an existing business or industry. While FB and Walmart seek to promote their business interests by issuing their own crypto, we at Glitzkoin are working to improve a whole industry’.
The Glitzkoin diamond blockchain project, makes a direct connect to the multibillion dollar diamond industry. The project includes a crypto GTN and a comprehensive diamond trading platform DiaEx. The GTN token is the designated mode of payment on DiaEx.
Both Facebook and Walmart will most likely include project features that, increase usage of their cryptos. Glitzkoin has pioneered this approach. Besides trading on 3 crypto exchanges, the GTN token will also be used by diamond traders to settle payments for transactions conducted on DiaEx. Glitzkoin has gone a step further and negotiations are in progress, to have various businesses accept the GTN token as a mode of payment.
We should be seeing more such projects, something that should please everyone. And of course something that will be bring cryptos closer to the real world economy.