IBMC plans awareness campaign across India on Digital Gold Currency

H.E. Sheikh Khalid Bin Ahmed Al Hamed, Chairman-IBMC International UAE, and Sajith Kumar P.K., CEO & MD, IBMC Financial Professionals Group.

Our Correspondent

IBMC Financial Professionals Group, an internationally recognised financial services institution and business consultants, has joined hands with US Gold Currency Inc. and Blockfills to bring the world’s first monetary gold-backed digital gold currency to the Gulf Cooperation Council (GCC), Middle East, Africa and India. IBMC has presence in India, UAE, Middle East and Africa, partnered exclusively with US Gold Currency Inc, the issuer of the US Gold digital currency, and Blockfills, the transaction platform provider.

The introduction of the world’s first monetary gold-back digital gold currency has opened a window for Indian banks, large corporate, financial institutions, wealth management companies to eliminate their currency fluctuation risks, gold storage & hedging costs by shifting from physical gold to digital gold. “The system is regulated by US Authority and the blockchain enabled digital structure will ensure more protection and eliminate fraudulent gold transactions across the globe,” said Sajith Kumar P.K., CEO & MD, IBMC Financial Professionals Group.

Those who are holding physical gold in vaults can convert their holding into digital currency and jewellers, instead of pledging their physical gold, they use the digital assets for pledging or as lien.

Each US Gold digital currency is backed by US American Eagle one ounce (33.931 gram) gold coin, minted by US Federal Agency, US Mint. The holders of the currency can redeem their digital assets as physical gold coin or in US dollars anywhere in the world.

IBMC is introducing the digital asset to customers ranging from retail and corporate investors, banks, financial institutions and sovereign wealth funds to treasuries and asset management companies.