Digix, the gold-backed smart-asset company on the Ethereum blockchain, has announced a new partnership with Swiss blockchain ‘smart-card’ provider, Tangem.
Digix harnesses blockchain technology to account for the provenance, verification, and storage movement of physical gold bars for retail investors.
Investors are issued with an equivalent digital proof, called DGX. Each digital equivalent of DGX is registered to a physical unit of gold, stored in Digix’s vaults in Singapore or Canada.
The Tangem hardware wallet is an NFC smartcard which allows users to physically distribute and store cryptocurrencies and other digital assets. Through blockchain technology, the decentralized data is stored securely and is forgery-proof.
A secure chip in each card holds the funds and the private key. A Tangem card is guaranteed not to ever disclose a private key, so handing a card over is by nature an off-chain payment transaction: one can sell it as merchandise or send it as a gift. A user-friendly app allows easy and fast access to the data from an NFC-enabled smartphone.
Enhanced Security Purchasing Digital Gold With Offline Disconnection
Holders of Digix can now transfer DGX from their digital wallets directly into specially-made Tangem cards. Likewise, Digix investors can transfer DGX directly to other DGX-Tangem cardholders
The DGX-Tangem card is a cold wallet that is disconnected from the internet, ensuring that funds are securely stored in a physical card, and not within the grasp for online theft or hacking.
The custom DGX-Tangem cards are available exclusively through Digix. Digix is also rewarding loyal customers with these limited edition DGX-Tangem cards.