The first half of year 2020 is far from peace. Aside from the epidemic and natural disasters, the stock market worldwide has been going through fluctuations. Under this turbulence circumstance, the gold price rockets up and it appears that the gold-backed stablecoin, Bankcoin Reserve (BCR), is the safest choice for most investors.
Gold-backed stablecoin is priced at the highest price per ounce of gold in the past and the price will be adjusted monthly if a higher price of per ounce of gold occurs. As gold is currently an internationally recognised safe-haven asset, the gold stablecoin is regarded as a safe-haven asset in the digital currency field.
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BCR’s main network went live as early as 2014, and currently, users who pledge BCR in their wallets can receive a 10% annualised interest. It is worth mentioning that BCR is the first to ensure security in technology, and while security is guaranteed, trade-offs are made in scalability and decentralisation. With the fast consensus, it takes only a few seconds for cross-border transfers of US $ 100 million, and the handling fee does not exceed 5 USD.
After it was listed on the Cointiger Tiger Exchange on April 17th this year, BCR has witnessed a great increase in its trade volume, demonstrating its popularity. In the second half of 2020, BCR will gradually launch new plans, including market access programs, merchant onboarding plans, mobile apps and other expansion tools.
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