CANADA
with zero transaction fees and in the smallest of denominations - that is a real solution . That ’ s innovative ”
Cina believes that the case for G-Coin is especially feasible in emerging markets , where currencies are more sensitive to inflation and currency devaluation and in some cases subject to currency controls . “ The introduction of a gold-backed digital currency becomes extremely appealing to individuals and businesses in those markets ”. Users will now have the ability to convert their local currency into the G-coin and protect their wealth and purchasing power .
Through the Responsible Gold platform , and the advent of G-Coin , the mining landscape is well and truly on the cusp of great change . The demand for conflictfree gold has already begun to surge over recent years , with more and more participants looking to change the way in which they purchase and acquire gold .
But what does the future truly hold for the ethical sourcing of gold ?
Cina feels that , in actual fact , we could see a whole new gold asset class .
“ In 5-10 years , or perhaps less , as demand for responsible gold continues to increase , responsiblegold emanating from this ecosystem may become a new and distinct asset class , demanding a premium to gold otherwise produced . This bodes well for the sector , its participants and for the people in areas where we mine precious metals .” This is why we got involved : good for gold and good for society – profitably and responsibly .”
Yamana Gold started this journey of digital transformation in 2016 , but with technological innovation there is never truly an end to that journey . The official launch of G-coin is targeted for the third quarter of 2018 , with the back-end technology already in place , but where does Yamana Gold go from here ?
“ With everything in place with regards to that launch date , the goal for Emergent is to introduce and integrate G-Coin into payment walls and wallets in those emerging markets ,” says Cina . “ Emergent expects to process approximately $ 2
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