Gold is money. It is and has been approved on a global scale in more than 194 countries throughout the centuries, therefore asserting itself as a form of currency.
In recent times, the significance of relocating assets into a more credible form of investment which would have borne fruit has been lost. Our current world banking system was based when the gold trade started - the gold would be transferred into banks, and evidence of the deposit was acquired in the form of a written statement of purchase, a receipt in the amount of the stock.
These receipts were the first informal banknotes, a type of negotiable promissory note issued by a bank of the world. The trading of banknotes was thus сreated, and banks became quickly aware of them. So much so, that gold-deposited banknotes were instrumental in community, which soon led to the first formal notes being deposited with the gold ones.
In the present-day modern world, the monetary value of printed currency essentially has no value - indicating it is not backed by gold.
Gold constitutes a foundation in the functioning of Karatbars International. The company was established in 2011. Its majoring in the sale of small 999.9 pure gold bars and gift items are aimed at returning the gold to the people worldwide.
Karatbars CEO and Founder Dr. h.c. Harald Seiz said "We aim to create a living environment, neighborhoods and sustainable technical solutions that empower people, change unfair systems and dismantle institutional discriminatory treatment to make this world a place where everyone can thrive and reach their full potential, where everyone is valued. We have important work to do.".
These goals could be transformed into reality by creating a gold-based means of payment that is crisis-proof and will cause major changes to our financial system. From the outset, it was an imaginary mission that was not treated favorably. However, in this day and age The Karatbars group around Dr. h.c. Harald Seiz is on everyone's lips and takes a firm leadership position on innovative gold products market. But at the same time, Dr. h.c. Harald Seiz sees himself getting back to the beginning: a payment system based on gold, gold mines and the basis of a bank are only a few building blocks on the way to the top. The particular course of action was designed by the Karatbars group to serve these purposes.
In November 2018 the KaratGold Coin (KBC) sent forth their own Cryptocurrency Exchange KaratBit.
In December 2018 KBC was listed on more major exchanges, and the number of acceptance partners was enlarged up to twenty.
Nowadays July 4th, 2019 was declared as the Gold Independence Day by Karatbars International GmbH. From this date that marked the beginning of a new opportunity for the whole world: Holders of KaratGold Coin (KBC) have a chance to exchange their KaratGold Coins (KBC) for real gold, which they can easily receive in the form of CashGold, a physical bill with tiny bars of gold built into it (just like Dollars or Euros), at Karatbars’ own ATMs. In particular, this means that holders can e. g. 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.
Individuals and entities which offering their services online and acknowledging payments online such as retailers, online shops and other companies deal with a permanent question: Is the payment suitable for my service and my product really binding and unalterable? This aspect is especially significant in the instances of virtual products, which can not even be reclaimed (theoretically demanded the return of property) if a payment already made is canceled or reversed in any way – with or without wilful deceit. These and many other questions come into view more often in modern worldwide commerce.
In recent times, Karatbars has introduced its secure payment gateway – K-Merchant in March 2019 in Dubai. By means of this system, clients are enabled to get payments in specific cryptocurrencies – Bitcoin, Ethereum, and KaratGold Coin (KBC).
All payments are made immediately without delay, in a simple scan. It is secure, stable, and safe, considering the PCI-DSS compliance and 24/7 fraud monitoring. The platform provides a seamless UX for the vendors and suppliers, continuous, uninterrupted rate optimization, and an innovative dashboard that grants clearance to various providers and banks with a single integration. Your logo, brand colors can be integrated in order to make sure you have your own personalized and tailored checkout.
Karatbars CEO, Harald Seiz has given his opinion of K-Merchant's advantages over market competitors: "from a merchant's point of view, however, what is progressive is that K-Merchant is not just a – but an entire blockchain-based payment system. Other providers also offer guarantees against payment defaults. But of course, they can pay dearly for the risk. A blockchain guarantees payments solely by their nature and thus has a built-in free of charge."
K-Merchant is already active and cooperates with many big names such as WooCommerce, Magento, PrestaShop, Shopify, WHMCS.
K-Merchant is a platform for e-commerce affairs that gives you an opportunity to use all e-commerce models (Business to Consumer (B2C); Business to Business (B2B); Consumer to Consumer (C2C); Consumer to Business (C2B)) at the same time.
All in all, the main advantages of K-Merchant System are:
- The payment reaches the retailer's account instantly;
- The cryptocurrency KBC іs fixed іn monetary worth;
- All payments are comfortable to track and manage;
- The lowest fees on the market;
- Anonymous payment method for the purchase.
K-Merchant guarantees that the whole process: from payment to delivery will be smooth: all payments and product will be synchronized, and there will be no changes and. Once a completed payment vіa K-Merchant іs completed, a K-Merchant payment order cannot be removed, dіmіnіshed, changed or even manіpulated – these are exactly the significant benefits of blockchaіn and crypto-currencіes. The software provides an irreversible booking and certification, securely logging the payment and transaction on the blockchain and eliminating any risk of price fluctuations.
This is a huge step for e-commerce businesses, as from now on, not only retaіlers and onlіne shops, but all people globally can use thіs new crypto-payment system and combine the e-commerce models as the system enables users to do that.
Nowadays, the basis of the future worldwide structure that will evolve into the stabilizing center of the world economy is being actively provided. The whole ecosystem is developed led by KaratGold Coin, making it the midpoint of the future economy, which is based on blockchain technology.
The whole system of KaratGold Gold Coin (KBC) utilities was established to go beyond words such as Impulse K1 Phone, KaratBit Exchange, K-Merchant, CashGold, KaratNet, KaratPay, CashGold, GoldWorld and ATM's.
This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content above.