Virtuse Exchange Decides To Make Their Gold Into The Crypto World With Blockchain
Gold is one of the most consistent forms of value throughout the centuries, with some scientists even going as far as to try and convert existing metals into gold unsuccessfully. Some cultures even turned to gold as attempts to prolong their life. Recently, in a way that the Virtuse Exchange is taking on gold, they will soon be able to convert this precious metal into the blockchain.
Virtuse Exchange is known for the way that the investors are capable of using both crypto and traditional assets to accumulate more profit. Basically, they offer an industry that combines the value of these options. Digital assets are nothing new, since they were the original concept of the Bitcoin.
Since its origination in 2008, these assets have become something of a buzzword in the financial industry as it evolves. Just like cash is a representative of the value of money, cryptocurrency is a token that represents a form of fiat currency or gold, in this scenario.
Most of the time, it’s difficult to see how the crypto asset is considered an asset. Basically, the tokens have value because they are seen as being valuable by the financial world, much in the same way that stocks earn value. However, the previous issue was the lack of combination between both traditional and digital assets.
Virtuse Exchange has created a different financial space, which is run by Digital Asset Collateralized Tokens (DCATs). Basically, these crypto investments are found in the form of stocks, bonds, physical items with value, and more, which can all be publicly traded and exchanged.
The Introduction Of DACTs
The big appeal of the DACTs that consumers can use is the fact that they basically allow real-world assets to become tradeable with cryptocurrency, which will pivot the crypto world into the future. This massive change allows consumers to secure their tokens with their assets. They also help to protect and store profits when the market isn’t thriving in the way that consumers need.
Some of the common benefits that traders and consumers will gather from DACTs include:
- No restrictions based on the user’s current location
- Trading opportunities daily
- No need for banks and similar institutions, so there are less fees
- No minimum transactions, minimum deposit, or collateral exchange
- Using products that would not normally be entered as crypto assets
Read more about the Virtuse Exchange official website or their Twitter page to stay up to day on the latest changes with their project. For more reading on crypto exchanges, see: