You are viewing a single comment's thread from:
RE: What The New Wyoming Bill Means for The Future of Cryptocurrency
Here's what I was thinking, as STATES do not have the ability to create legal tender;
- Quintric investors buy a physical gold or silver bullion coin
- They notify Quintric of their need for storage
- Quintric accepts their fiat or BitUSD for paying the lifetime premium for storage
- The Payment once cleared through Quintric and the bullion coins have been shipped to Utah issues Quint(S) tokens on the Bitshares blockchain to the appropriate wallet
- Lifetime storage for free with the tokens acting as the premium ONLY and the promise of storge of physical bullion.