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The form of money used for centuries is now back, with KaratGold Coin (KBC) digitizing pure gold and K-Merchant enabling all gold-backed crypto payments to be carried out in one click online. These products have been come up with by the Karatbars International, the company proclaiming its mission to introduce blockchain technology into the gold sector, thus radically changing the entire concept of crypto payments.
What are KaratGold Coin (KBC) and K-Merchant?
KaratGold Coin (KBC) is the cryptocurrency that powers the KaratGold global payment system and serves as the key settlement unit for the operations in KaratPay, KaratCoin Bank, KaratBit, K-Merchant, etc. In other words, it`s an asset exchangeable for real gold; so called tokenized gold. Starting 4th July 2019 following Gold Independence Days the KBC holders will be able to exchange 100 KBC tokens directly to 1g of pure gold, making the first digital currency actually converted into a truly valuable asset.
To make crypto payments with gold available online, the Karatbars International came up with K-Merchant, a piece of software that allows its users to buy and sell KaratGold Coin (KBC) for Ethereum, Bitcoin, and several fiat currencies. The innovative idea behind the advent of K-Merchant is that its official plugin can be integrated into Woocommerce, Magento and PrestaShop powered online shops and enables one-click-payments with a high level of security. In essence, K-Merchant connects KBC holders with numerous online retailers through e-commerce systems and, hence, enables its users to pay with gold online sparing no time.
The payment algorithm is quite simple: the user inputs the price for the item selects what cryptocurrency his customer or seller wants to use and then shows him a generated QR code, which the latter scans and thus completes the payment.
Check out their website for more details.
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