Private Central Bank for Private Money on Blockchain Will Be Established

The first global private money Golden will be used both for cash and electronic payments, will be 100%-backed by gold, will provide fast and cheap crypto currency and fiat currency exchange and payments, and will provide many other advantages to successfully compete with fiat money. |Golden Currency| |www.goldencurrency.world|

Golden Currency is a project of the first fully functional private currency, and convenient and efficient infrastructure for its use with utilization of modern technologies, including blockchain.

Otherwise, we are talking about creating an independent legal private analogue of the Central Banks, which uses the accumulated experience and modern technologies to ensure reliable and convenient money.

Here are just some of the advantages that a new currency will provide:

• existence in cash (paper, anonymous) and non-cash form;
• independence from the governments of any countries, political or economic situation in any country, but at the same time the complete legality of its functioning;
• 100% backed by gold, the storage and management of which is carried out independently of the issuer; the owners of Golden have a guaranteed opportunity to get gold in exchange for Golden;
• use of modern blockchain technologies for currency infrastructure (starting from ensuring the independent and reliable storage of gold, and ending with the implementation of payments and currency conversion);
• convenient, fast and cheap conversion into any world fiat currencies and crypto-currencies (a link between fiat and crypto-currencies);
• familiar modern money infrastructure — ATMs, bank cards, POS-terminals, online banking, mobile applications, etc.

The entire infrastructure of Golden will provide its user with such conditions that it will not matter in which currency to keep his funds in terms of functionality. And if so, taking into account the advantages of the Golden currency, it will be favourably for the user to keep money in Golden, which is not subject to national risks and inflation.

Now there is no money in the world that is fully backed by real assets, inflation-free and independent on political and economic situation of the country where it is issued. Crypto-currency also does not fulfill the function of money. Golden is planned to change it.

Golden Currency is planning an USD 200 million ICO (initial coin offering) and now you can already contribute to the project development at its seed round. All details you can find on web pages of the currency at https://www.goldencurrency.world