Gold-Backed Cryptocurrencies Aim to Combine Benefits of Physical Gold and Digital Assets
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Cryptocurrencies provide greater capital mobility than physical gold, especially in crises.
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Vaulted gold allows offshore storage but has limitations like centralized control and trust issues.
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Gold-backed cryptocurrencies combine the security of gold with the flexibility of digital assets.
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Lode.one's gold-backed crypto has smart contracts to function if the company ceases to exist.
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Regulatory hurdles currently impede trustless, frictionless gold-backed cryptos, but that may change.