KaratGold Coin-powered Smartphone IMpulse K1 Unprecedentedly Raises User’s Security Bar
In the current cryptocurrency market, where many investors are facing fluctuations, digital assets easily exchangeable for commodities offer a very distinguished alternative to both traditional fiat money and cryptocurrencies.
In the current cryptocurrency market, where many investors are facing fluctuations, digital assets easily exchangeable for commodities offer a very distinguished alternative to both traditional fiat money and cryptocurrencies. Despite coins pinned to physical assets, such as gold, are no longer a rarity for the market, few of the issuers can boast of an ecosystem that allows the coin to be accepted as a means of payment.
This does not apply to KaratGold Coin (KBC). The team behind the coin has revealed a range of elegant solutions – from an ultra-secure smartphone to software for online stores – to provide the user with a convenient infrastructure to easily and safely buy and sell a digital asset.
The appearance of these solutions has been made possible thanks to Karatbars International, the Stuttgart-based retailer of tiny gold items used as a form of payment. Being founded in 2011 and subsequently becoming one of the world’s leading retailers in the global precious metals market, the company has developed a splendid infrastructure surrounding blockchain technology, digital asset and precious metals.
Being fully aware of the urgent need for security in the prospering smartphone market, Karatbars is aiming to deliver a mobile phone that is using the latest technological advancements to securely store data. Images and documents are enciphered through the IFPS platform, a decentralized storage medium based on blockchain technology. In today’s world, blockchain file storage solutions are regarded as one of the most secure ways to store explicit data.
With the IMpulse K1 Phone that complements the Karatbars' infrastructure, calls and text messages will not be transmitted through conventional ways, but instead, they are encrypted and broadcasted by a newly created Voice Over Blockchain Protocol (VOBP). As a result, there’s no need to worry about third parties monitoring user’s actions, as the VOBP uses peer-to-peer encryption that can not be hacked or manipulated in the current state of the art.
No matter how great is the idea behind a novel currency, few dare to accept it without user-friendly infrastructure and proved security tools. Especially in the blockchain world, transparency and honesty are both important values that many market participants expect from their investments.
K-Merchant, a piece of software that allows online vendors to easily accept Bitcoin or Ethereum in their online store, solves this exact issue. This addition to the Karatbars family can be integrated into Woocommerce, Magento and PrestaShop powered online shops and enables one-click-payments with military-grade security.
Decentralizing millions of dollars worth in gold
Before launching its token, the company reached a series of milestones, such as establishing the world’s first fully licensed crypto bank and acquiring an exclusively positioned goldmine in Madagascar, which is stockpiling €930 millions worth of high-quality gold, according to a valuation conducted by the German financial auditor MM Revisions.
As from this summer investors can exchange 100 KBC tokens directly to 1g of pure gold, making it the first digital currency that is actually convertible to a truly valuable asset. This exchange possibility will be made possible as part of a global Karatbars International’s promotion campaign, the Gold Independence Days, so that users can easily receive real gold in the form of CashGold at Karatbars’ own ATMs.
“We are working incredibly hard to ensure that starting from the Gold Independence Day on July 4th, 2019, a full-featured global gold circulation is established and from this moment on the phrase “I will pay in KBC” means “I will pay with gold”,” says Dr. Harald Seiz, founder of Karatbars International.
This is a paid press release. Cointelegraph does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company. Cointelegraph is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.