Canada: Royal Canadian Mint joints the blockchain party

The Royal Canadian Mint (RCM), a corporation collecting and monitoring the circulation of coins, has joined the blockchain payments landscape. By partnering with gold and savings payments network, Goldmoney, trade of metals including silver and gold can be exchanged via the blockchain platform. According to Roy Sebag, Goldmoney’s CEO, “It’s no different than what gold or silver used to do, but in digital form,” Sebag said. “You’re circumventing the banking system and you’re able to exchange value instantly with no settlement delays.” In addition, John Moore, spokesman for RCM announced their plans to soon extend its relationship with Goldmoney to help establish a “leadership role in the global precious metal industry.”

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