29 Sep '15, 4pm

Vaultoro Seeks to Provide a Store of Value to the Underbanked World Using Gold and Bitcoin

Vaultoro Seeks to Provide a Store of Value to the Underbanked World Using Gold and Bitcoin

Previously reported by Bitcoin Magazine , bitcoin and gold exchange Vaultoro has reached $1 million in gold trading volume, recording an average monthly trading growth rate of 91 percent and rapid increase of its user base. Following its milestone, Vaultoro plans to expand its team and services internationally, to become the “key ingredient for the 2.6 billon under-banked” individuals all around the globe. Gold has been the international store of value for thousands of years. Unlike bitcoin or fiat money, gold has proved to be a stable universal currency with very low volatility. Based on the five-year gold chart taken from Infomine.com , the gold price in January 1, 2010 stood at around $1,100. At this time of writing, the price of gold is around $1,130, recording a mere $30 difference over the last five years. Brothers Joshua and Philip Scigala developed Vaultoro to allo...

Full article: https://bitcoinmagazine.com/articles/vaultoro-seeks-to-pr...

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