Vaultoro, a “Banking 2.0 platform” that enables users to trade bitcoin and physically assigned gold, is ready to share in its growth. The Bitcoin gold exchange is now selling a slice of the company through global crowd investment platform, BnkToTheFuture.com. And after only 24 hours of launching its campaign, the startup has already raised well over US$50,000.
Vaultoro is offering everyone the opportunity to own a part of the company. By using the global crowd investment platform BnkToTheFuture.com, the exchange plans to inject half a million British pounds to finance company development.
“By combining the safety of Gold with the speed of Bitcoin, I can think of many ways how that combination can change finance forever,” BnkToTheFuture CEO, Simon Dixon told Cointelegraph. “I am delighted to invest in Vaultoro both personally and through Bitcoin Capital our VC fund managed by Max Keiser and myself. It is also great to bring this opportunity to investors on BnkToTheFuture.com.”
BnkToTheFuture is an online investment platform that makes it easy for qualifying investors to take part in the same innovation in FinTech that venture capital firms and the big banks are excited about.
Joshua Scigala, Vaultoro’s CEO and Co-Founder, comments:
"I’m really happy about crowd investing because it offers qualifying investors the chance to invest in startups and actually profit from their success that wasn’t available before. Before the big VC’s had everything stitched up through regulations so they could get the pick of the best up and coming startups. Startups could not openly market to regular investors and speculators, and so they could only invest after a company goes public on a stock exchange. Even at the IPO stage only investment bankers could invest first."
Safety of Gold, Speed of Bitcoin
Citing economist, author and investment banker James G. Rickards, there is a belief that, "gold is a great way to preserve wealth, but it is hard to move around. You do need some kind of alternative, and Bitcoin fits the bill. I’m not surprised to see that happening."
Since the beginning, precious metals have been used as a store of value and now the dream of instant, global, spendable gold is a reality. According to Scigala, the exchange is growing by 91 % per month in trading volume and 29 % per month in user acquisition; solid evidence that there is a high demand for gold amongst bitcoin users.
With Vaultoro, users can invest in gold (using a multitude of altcoins, thanks to a recent partnership with ShapeShift), as a way to protect against inflation and volatility. By adding the safety of physical gold with the agility of Bitcoin, users have a viable option to hedge digital currency holdings against volatility. Additionally, Vaultoro keeps user gold holdings insured and stored in a high-security vaulting facility in Switzerland that is fully audited by BDO international, one of the largest auditing firms in the world.
By turning bullion into an easy, tradable asset, Vaultoro is giving users the chance to trade as little as 0.001 gram of gold instantly anywhere in the world.
"With the power of bitcoin, gold can become a worldwide spendable asset. Our goal is to provide a transparent, secure and inclusive platform for everybody."
To learn more about the company’s mission and its goals, qualified investors can check out the official campaign page on BnkToTheFuture. In total, 25% of Vaultoro’s shares are being sold for about GBP 500,000.