Carat: Israel diamond exchange to launch cryptocurrency backed by gems
One of the largest diamond exchanges in the world, located in Israel, announced that it plans to issue its own crypto currency, which will have diamonds as collateral.
As the exchange informs, the new crypto currency will be of two kinds. The first – Carat , will be focused on a wide range of investors. The second – Carat , will be used as mutual settlements between professional participants of the diamond market.
As reported by Agence France-Presse, the new Carat’s crypto currency will be much more attractive than its competitors, and there are more than 1,400 of them that it will be provided with 25% diamonds.
Crypto currency “will be supported by purchases of diamonds in the Israeli market”. The display of crypto currency will occur in the trading floor and on various trading websites along with other national and international economic indicators as an updated indicator.
In today’s oversaturated market, the crypto currency actually provided with diamonds, even by 25%, is quite an interesting proposal, which may well be in demand.
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