Banquecorp Physical Gold Uses Ripple To Tokenize Precious Metals (eMetals) Commodities
Commodities From Ripple’s eMetals Can Now Be Bought From A Wide Range Of Cryptos
eMetals platform is an alternative way to invest and exchange physical metals. It aims to provide the investment performance of standard metals markets with the transparency and security offered by an exchange. eMetals’ blockchain technology enables the transformation of physical gold, silver, platinum, palladium, and rhodium into a fluid, modern digital asset. eMetals offers the flexibility to buy and sell gold instantly, securely and globally.
BPG is a licensed gold bars retailer, a boutique precious metal refinery and a registered investment manager. BPG specializes in the active management of raw materials with global exposure to precious metals. BPG operates one of the safest metals deposits in Europe.
The group Tweeted:
“eMetals will purchase the real-world commodity stocks based on customer demand, and generate IOUs to represent each share. Customers will be able to use select cryptocurrencies, as well as fiat currencies to purchase the IOUs. IOUs will be backed 1:1 to the real-world securities.”
They later added:
With this platform, there is a lot of speculation on whether Ripple will eventually overtake the gold market. Philosophy of Metrics writer JC Collins, for his part, argues that Ripple will lead cryptocurrencies in this regard by 2019. He explains that the rise of cryptocurrencies has opened up a whole new asset class that will, in the future, also encompass stocks and bonds traded via the blockchain and global liquidity. To better make sense of this, we need to discuss the significance of gold and Ripple and their relationship.