July 05, 2019 — Karatbars International GmbH hosted the Gold Independence Day on July 04 2019. Holders had a chance to exchange their KaratGold Coins (KBC) for real gold, which they could 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 could e. g. exchange 100 KBC tokens directly to 1g of pure gold, making it the first digital currency that was actually convertible to a truly valuable asset.
Being the first coin linked to a tangible asset, the KaratGold Coin (KBC) includes the advantages of a cryptocurrency and the trustworthiness of gold. Gold represents freedom and independence for people. It has always been a universal equivalent. The objective of Karatbars is to establish its product CashGold as a renown payment method in the market. Karatbars aims to return the gold to people and the Gold Independence Day sets a new standard for cryptocurrencies – it is the evidence of their security and reliability.
“The KaratGold Coin can subsequently be exchanged for gold,” says Dr. h.c. Harald Seiz, company’s CEO, and founder.
In 2019 Karatbars International GmbH introduced K-Merchant – a secure payment gateway for vendors and merchants to accept cryptocurrency with a single scan. The software provides an irreversible booking and certification, securely logging the payment and transaction on the blockchain and eliminating any risk of price fluctuations. The process can be completed without costs, which is a major selling point as more merchants look to locate and integrate blockchain software that is convenient and affordable.
K-Merchant offers a reliable method of cryptocurrency transactions on a custom-tailored blockchain protocol. After the payment via K-Merchant is completed, a payment order is impossible to delete, reduce, or modify. Thanks to this innovative technology, the number of e-commerce companies is expected to rise tremendously as it will be much more convenient for small businesses to develop their trading platforms.
The payment gateway is a completely safe payment system because of blockchain technology. The process is automized, legally secure, convenient and, what is the most important, fast: the client initiates a payment via K-Merchant, the system approves it, and the process ends – irrevocably and without costs. The payments are then credited to the service provider, and the retailer or the online shop install the payment system and accepts crypto payments.
With the K-Merchant software offered by Karatbars, users can pay with their KaratGold Coin all around the globe, with numerous online merchants who also use the software. KBC will also be the original currency of the blockchain-powered IMpulse K1 smartphone, a major innovation for the sphere. Finally, users will be able to pay for the utility of smartphone voice applications with cryptocurrency.
“K-Merchant can, of course, be integrated into the most popular online shop systems such as Magento, Shopify or Prestashop,” says Mr. Dr. h.c. Harald Seiz, the head of the Karatbars group.
The Karatbars Universe gives a user all the necessary services to trade and manage the funds. KaratBit offers a platform to exchange the cryptocurrencies for CashGold, US dollars, and euros.
KaratPay gives an opportunity to do business online and pay for products and services. KaratBit Karatpay and the KCB generate revenue with every transaction made and the profit those services bring goes right back into backing the KaratGold Coin and the development of the Karatbars ecosystem.
The users can purchase the gold from the e-wallet called KaratPay and pay online using KaratPay similar to Paypal or credit card. In September 2019 Karatbars will start operating on its own blockchain: Mainnet will be released.
Karatbars ecosystem is expected to become the new leading financial system of the world in the next ten years, providing efficient transactions with a stable currency.
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