Sprott Inc (TSE:SII) (OTCMKTS:SPOXF) (FRA:A78) CEO Peter Grosskopf explains the advantages the company’s recently launched OneGold platform offers precious metals investors. OneGold allows investors to securely buy, sell, and trade digital gold and other precious metals such as silver. Digital gold is on the Blockchain and is backed by physical gold, a marked difference from other cryptocurrencies, which have seen their values plummet in recent months. OneGold Investors receive a digital certificate of the stored physical gold that is underlined by Blockchain and can be issued in any denomination. Individuals can buy or sell gold on the OneGold website faster than through a commercial bank or ETF. Grosskopf envisions OneGold developing a wallet system that allows investors to use gold to pay for goods and services, giving gold investing a new practicality.
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