The IBMC Financial Professionals Group is an internationally recognized financial services organization and business consultant. It has partnered with US Gold Currency Inc and Blockfills to bring the world’s first gold-backed digital gold currency to India. The currency was also introduced to the Gulf Cooperation Council (GCC), the Middle East, and Africa.
To this end, IBMC, based in India, works exclusively with the US Gold Currency Inc, the issuer of the digital US Gold currency, and Blockfills, a provider of trading platforms.
Each digital US gold currency is backed by a US American one ounce (33.931 g), minted by the US Federal Agency, US Mint. Currency holders can exchange their digital assets for physical gold coins or US dollars anywhere in the world.
IBMC introduces customers to digital assets, from private and corporate investors, banks, financial institutions, sovereign wealth funds to treasuries, and asset management companies.
The US digital gold currency was launched on June 22 at a specially designed IBMC mixed event in Dubai.
“We have seen significant demand for gold and USG is an innovative and unique digital currency backed by the American Eagle one-ounce gold coin. Today’s global economic climate has further increased that demand at the institutional and retail levels. We are very happy to join hands with US Gold Currency and Blockfills in bringing the world’s first monetary gold-backed digital gold asset to India in addition to the GCC, Middle East, and African markets.”said Sheikh Khalid Bin Ahmed Al Hamed.
Consumers and businesses benefit from secure tokens for digital assets that are not affected by market fluctuations and the ability to easily convert their digital currencies into tangible assets, monetary gold coins manufactured by the US Mint. Customers can log in to the trading platform with a secure user ID and password to buy and exchange coins.
With the introduction of the digital gold currency, Indian investors have a great opportunity to lower transaction costs and have flexible payment plans.
“Tackling the adverse economic effects of the COVID-19 pandemic, the launch of the Digital Gold Currency will enable companies in developing countries to settle their inter-company transactions without paying extortionate fees.”said Dr. Abdul Dewale Mohammed, Deputy Director-General, Asia-Africa Development Council.
“As a vital transport currency, it will to a large extent help reduce and eliminate risks in business.”He added
Each USGold Token (USG) is supported by an underlying US American Eagle 1:1 physical gold coin made and distributed by the US Mint. When the USG token holder puts the digital assets in their wallet, they can exchange their physical tokens for gold coins. Token holders can also sell USG on the open market through various exchanges for digital assets or through Blockfills for US dollars. USG can also be converted into several other digital assets, including BTC, ETH, USDT, etc.
The US Mint determines the price of basic physical gold coins every Wednesday. USG’s prices follow government prices at public prices.
“IBMC Financial Professionals Group is always committed to introducing innovative and credible services to the investing public. USG is easy to handle without customs barriers, easy to hold without any country restrictions, paying insurance cost, or storage charges. USG is US-regulated and fully online with easy account opening and operating procedures, enabling customers to avail all services of USG from their homes or office, which of course is an added advantage in the current and post COVID-19 pandemic period.
The professional team of US Gold Currency, IBMC Group, and Blockfills will pave the strong network and base of the innovative digital asset ecosystem and fiat pairings to generations.”said Mr. Sajith Kumar PK, CEO & Managing Director, IBMC Financial Professionals Group.
Blockfills is a leading global provider of liquidity for digital assets for professionals and institutions as well as for leading institutional market makers and for the digital gold currency USG.
USG is backed by US Monetary Gold Coin and ensures the use of real currencies. All types of investors, including stock exchanges, government bonds, banks, financial institutions, companies, HNI, and private investors, are allowed to invest in USG.
USG, the Blockchain Security Verified Currency by the authority, CertiK, USA partnering with IBM and Ethereum Foundation, will also ensure the credibility and security of USG.
“Bringing the USG Digital Asset Currency to the public markets is a result of the great partnership that we have with US Gold Currency and IBMC. Over the past year, we experienced a growing demand for gold as a digital asset. Today’s global economic climate has further increased that demand. We look forward to building a thriving business through our valued partnership with IBMC and US Gold.”said Mike Pearson, Senior Vice President, BlockFills, USA