Golden Currency - First Cash Blockchain Money

Golden Currency is a project of the first fully functional private currency, and infrastructure for its use with utilization of modern blockchain. Here are just some of the advantages that a new currency will provide: existence in cash (paper, anonymous) and non-cash form; independence from the governments of any countries, political or economic situation in any country, but at the same time the complete legality of its functioning; 100% backed by gold, the storage and management of which is carried out independently of the issuer; the owners of Golden have a guaranteed opportunity to get gold in exchange for Golden; convenient, fast and cheap conversion into any world fiat currencies and crypto-currencies (a link between fiat and crypto-currencies); familiar modern money infrastructure - ATMs, bank cards, POS-terminals, online banking, mobile applications

Benefits Of The Golden Currency
The new currency is set to provide the following advantages:

It will exist in both paper and non-paper form
It is decentralized as it is independent of any governments or any nation, it is also not affected by any economic or political situation of any country.
It is 100% backed by gold, and its management and storage are carried independently of the issuer. The owners of the currency can exchange the currency for gold
The use of blockchain technology ensures the reliability and independent storage of gold and allows for the conversion of the currency and payments

The platform is a link between fiat and cryptocurrencies and allows for cheap and fast conversion of the golden currency into fiat currencies

The money infrastructure that will be used such as ATMs, bank cards, online banking, POS-terminals, and mobile applications are already familiar to the user.
Golden Currency Paper & Electronic Gold-Backed Token Project

The golden currency project will consist of:

The Golden currency which is the fully functional private currency issuance which is 100% backed by gold
Golden currency infrastructure- This will involve the development and establishment of an infrastructure that will allow for the operation of the new currency.

The main elements of the infrastructure include:

Golden bank made up of global banking network that has banking infrastructure

Golden exchange that enables the exchange of crypto-fiat currencies that is integrated with the banking network
Gold Depository

Golden currency intends to use blockchain technology in all the key elements of the system including in the following areas:

The technology will manage and control the gold reserves so that it can ensure transparency, reliability, and the systems publicity

It will be used in the banking network for transfers, cross-border payments, and currency conversions to ensure reliability, speed, universality, and integration with the currency exchange.

It will help in the currency exchange to ensure the speed and reliability of fiat and crypto exchange transactions
The blockchain technology will ensure decentralization, control, and be the link between the cryptocurrency and fiat currency. Further, it will ensure the exchange and banking transactions are achieved with minimum costs and fast.

Golden Exchange will be an important part of this infrastructure. Golden Exchange will be officially registered, and obtain all necessary licenses as an exchange, authorizing trade of fiat and crypto-currencies. Golden Exchange users can easily conduct exchange transactions Golden-Fiat, Fiat-Fiat, Golden-Crypto, and Crypto-Crypto.

The basic use of Golden Exchange is through integration with Golden Bank. When opening an account with a bank, the user gets access to the exchange, without the need for additional registration. Within an Internetbank or mobile App, users can open an account in any available fiat or crypto-currency.

For example, a user wants to trade Euro, Golden and Bitcoin, and the money in the Golden bank is in US Dollars account. The user opens all additional accounts (Euro, Golden and Bitcoin) in the web interface. He can find all the analytics there on the rates, volumes, dynamics of currency trading. Based on such analytics or any other information, the user applies for a transfer from one account (Dollar) to another (for example, Euro) of the amount that he wants to exchange.

He can choose a transaction at the current market price for instant exchange, or set the price of such a conversion, so that the conversion will occur only when that price level is reached. The system automatically applies to the Golden Exchange, where the conversion (exchange of currencies with other users in counter orders) takes place and the amount of the purchased currency is transferred to the corresponding user account in the bank. Amd likewise for all other currencies.

Roadmap

Team

Reference Information

Website: https://www.goldencurrency.world/
Whitepaper: https://www.goldencurrency.world/white_paper_eng.pdf

My bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1600311;sa=summary