Mining Magazine June 2018 | Page 129

CANADA can actually be used as a medium of exchange to settle transactions or transfer value . That ’ s where it ’ s unique . I don ’ t know of anyone else that ’ s using responsible gold to back a viable digital currency .
“ Tracing gold from the mine site right into a vault , and then ultimately to a currency that you can spend or transfer to individuals and businesses across global markets - that , for us is innovative .” Cina went on to say that “ since the beginning of time , gold has been a store of value . With blockchain technology , gold can now be digitized ; you can own it in your digital wallet and no longer have to hold physical gold . But what does the digitization of gold really solve if all you have done is alter the form in which wealth is stored ?” Cina argues , “ not much . But when you introduce the ability to spend and transfer gold as if it were cash , instantly ,
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