The Karatgold Coin cryptocurrency has taken another step ahead in cryptocurrency innovation. Karatbars International CEO Harald Seiz announced that the company will open, Karatcoin Bank one of the world’s first cryptocurrency banks. The Karatgold Coin, which Karatbars made available in a March 2018 ICO, already distinguished itself from other ICOs by becoming the world’s first cryptocurrency backed by gold. “Karatbars acquired a fully licensed bank in Miami that will be fully operational by mid-June,” Seiz said in a televised press release. “The name of the bank is Karatcoin Bank. With this bank, we are one of the first crypto banks in the world with a full license.”
Creating Karatcoin Bank serves as an important part of the foundation of Karatbar’s plans to develop Karatgold Coin into a mainstream payment system. The licensing is extremely important in achieving that end. It provides security and backing for not just Karatcoin Bank, but the currency itself. Holders are able to rely on the Karatcoin Bank to service their needs, and, therefore, can rely on Karatgold Coin as a payment method.
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