Digix Digital Gold Tokens (DGX) and Precious Metals Company SilverGoldBull (SGB) Partner
Digix, the Singapore-based tokenized gold Blockchain, and SilverGoldBull (SGB) have announced a new partnership aimed at complementing each other’s products and services. The new partnership between these companies does not come as a surprise considering that their products and services are naturally complementary.
For Convenience And Expansion
Both Digix and SGB hope to strengthen their services and expand their bases of operation through their partnership.
Digix will benefit from the geographical diversification offered by SGB’s brick-and-mortar store locations across the U.S. and the world as a whole. Its customers will have easy and quick access to Gold whenever they need to redeem their tokens for the real deal. The customers will also enjoy the friendly services and other precious metal products that SGB has to offer.
SGB, on the other hand, will be seeking to improve its customer base by partnering with Digix. Remember, Digix has built a reputation as a reliable crypto asset and attracted millions of clients as a result. Speaking with interviewers, SGB’s Managing Partner, Mihali Belandis, said that there is an influx of gold traders who are not interested in the physical redemption of their assets. Consequently, SGB has a lot of opportunities to look forward to in this partnership considering the influx of demand for gold and other precious metals.
Interestingly, SGB is bullish towards cryptocurrencies and has been for about half a decade now – the company accepts a wide range of cryptocurrencies including Bitcoin, Bitcoin Cash, Ethereum, Etherum Cash, LiteCoin, and Dash. As such, Digix will not run into any complications considering the virtual nature of its tokens – besides, Digix tokens, DGX, are more stable and reliable than most other cryptocurrencies.
Two Reputable Companies, One Fool-Proof Plan
Both Digix and SilverGoldBull are reputable and respectable companies, and the complementary nature of their products and services makes their partnership fool-proof.
SilverGoldBull was established in 2009. It has enjoyed good growth over the years and ranks as one of the largest precious metals retailers in North America. It was founded with the goal of catering to the underserved market both nationally and internationally. Coincidentally, this is exactly the market that Digix represents – small-scale buyers and traders working on small budgets.
Digix, on the other hand, is a digital token backed by one of the most reliable assets: gold. Each DGX token is backed by 99.99% gold cast bars produced and approved by the London Bullion Market Association of refiners. One DGX token is equivalent to one gram of gold and tokens can be redeemed for real gold at any given time.
Both companies are optimistic of the new partnership. Mr. Belandis expressed his appreciation of the Digix management team while the latter expressed their confidence in SGB’s gold storage and delivery capabilities.
The new partnership between Digix and SilverGoldBull is expected to give a big boost to both companies’ operations. It will also make it easier and cheaper to invest in gold. The partnership is still in its earliest stages but analysts are optimistic that plans will be implemented swiftly.