Global bitcoin-gold platform DigitalTangible has expanded its offerings into Asia with new partner Melotic, allowing customers to trade their bitcoin and gold on the new Chinese crypto-gold trading platform.
DigitalTangible offers the fine 1 oz Pamp Suisse physical Gold bars for trading on Melotic’s commodities markets.
DigitalTangible allows investors to convert all their gold holdings into digital money for global transmission and redemption anywhere bitcoin is accepted and used.
Customers can use Melotic’s interface to deliver new liquidity options. DigitalTangible customers trading on Melotic will pay transactions fees ranging from 0.05 per cent to 0.25 per cent, a cheaper alternative to gold exchange-traded funds and some physical gold marketplaces.
DigitalTangible customers may withdraw their Pamp Suisse tokens from Melotic and redeem them for physical delivery anywhere in the US or Asia.
Melotic’s CEO and founder Jack Wang says: “Digital Tangible is the only service that links real physical commodities to a blockchain, stores it in provable custody through its gold partnerships, and also enables customers to take delivery of the goods. They have effectively put gold into the Bitcoin Blockchain, which allows customers from all over the world to invest and trade in assets in a way that was previously impossible. Melotic is excited to be a partner."