What if you could trade bitcoin for gold... then have that gold delivered to your house? That's big picture.
What would that mean for fiat?
Can Globitex bring crypto into the world's financial markets?
Let's look at a company building the infrastructure for that to happen .
They have an epic idea. A great team. A killer game plan.
Check out this quick overview that represents about 15 hours of research.
Let me know what hurdles you think Globitex may face outside of it being a saturated market.
We're living in supremely interesting times my friends. Much love to you on our journey.
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I feel like gold has a lot of potential , it’s going far as the years go by
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True. I gold seems like it will always have value.
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Gold has been precious for generations....bitcoin has been knocking to be the next generation currency and already got the recognition and getting its foot very firm in the geography...
but when we see the combination of bitcoin vs gold then fiat money will be feeling like kicking out from the treasury.
Thank you @happymoneyman
You last line...please complete that..."give me vote as in need some steem"
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Absolutely. The fiat and old system is changing quickly. that steem i need to proceed. Cheers.
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Awesome work my friend, you really put blood sweat and tears into this one. The idea itself seems pretty profitable but the thing is I see bitcoin as a bit of a dinosaur in the making because of it's inability to quickly innovate and adapt. I'm basically saying that you need a fast, reliable coin in order to trade real time, and bitcoin is more of store of value rather than versatile currency in it's current state. I don't think in the future it will adapt fast enough to the demands it has to meet. There are already way better coins out there that can perform it's role, like steem for example.
So my feeling is that the king will be dethroned and the commodities will have to be paired with a more versatile coin. That transition could be a bumpy one, but we shall see if I'm just rambling or on to something.
Cheers :)
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That's a good point. I think about that a lot. BTC is old and slow. The best coin doesn't always win. It seems that bitcoin will retain it's place for a long time because most people don't actively use coins for every day transactions.
Once crypto is wide spread and people "need" a use case, then BTC has a great chance of losing its spot. Right now my grandma has heard of Bitcoin, but has no clue about Dash.
That all being said, things happen quick in crypto land. In a month BTC could be a thing of the past and we could all be flying in a new direction.
PS. On another note, in the first stage of the roadmap the exchange is adding lots of crypto currencies and fiat pairs. Their first big goal is to make crypto currency supremely easy to purchase with fiat. Trading in and out of lots of different world currencies should become easier. This is a big part of the Globitex plan I failed to focus on.
Cheers. Thanks for your comment.
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In the near future more fiat pairing is crucial for growth and ease of purchase so that's great news.
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I don't know.
The problem with bitcoin is that the gate into cryptos is soooo small. Trading paper dollars for bitcoins is not an easy process. And almost impossible for large amounts.
Trading bitcoins for gold... well, there are already several coin dealers that will accept crypto currencies.
I feel there will be a market for this, but it will not be the killer exchange that makes anything happen.
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That's a good point.
The first stage of Globitex roadmap is to add all the fiat currency pairs with crypto currency.
If they do this, then the gate is wide open and money can pour in.
I guess this may be the grandest part of the globitex plan.
Right now they only trade the Euro vs BTC.
In the first half of 2018 they're adding currency pairs.
The goal is to make it simple to buy BTC with most fiat.
We'll see if they can get it done, but opening the gate and letting money flood in would be a pretty big step.
I jumped the gun a little mentioning the commodities. You're right, that is an end game.
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This idea has a lot of potential and Bitcoin will become more widely accepted.
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having gold attached to it makes the golden opportunity for all and it could be a lot precious that we would have thought
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very true
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Great video! The team looks rock solid for sure!
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I can't believe I haven't heard of of this before! Definitely a game changer if they can manage backing gold with crypto! I'm not a big fan of ICO's or Presales, but 4 out of 4 checks from you means I should definitely do some diggin! Thanks for the post Happy!
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haha get to diggin. I just dabble in ico's. no reason to get too crazy when BTC has been so solid.
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More than interesting is this time we are living, i think is the new step for the economy in the whole world! So better be prepared ;)
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Definitely time to be watching for what's new.
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there is no other metal like gold as useful and precious.
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I kept thinking about it. as in my post about @ vote2ico. https://steemit.com/cryptococcus/@itasteemit/positive-and-negative-about-vote2ico-hot-issue-1e87f6774f2a1. you can read here. I see the digital currency can skyrocket, and also can go free, like steem and sbd, why be so? .. because I have interpreted a currency is an honor for the currency itself. why do those who have parties do not seek a way to maintain that honor? whether it has been designed a certain politics?
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Thanks on the detailed review! Nice backgrounds too..very professional looking. I haven't done an ICO yet. Its been pretty wild sledding on the main coins lately though! I'll keep my eye on this
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DANG! You are so well versed in the crypto world. I still have so much to learn. BTW awesome background, looking very professional... although it would have been funny if you made this video while jogging next to that cliff near your house. :P
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Well says
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