SMART VALOR, a Swiss-based crypto exchange company, announced today it has listed PAX GOLD (PAXG); a physical gold token that is fully compliant and regulated, it launched last year by PAXOS.
PAXG is now available for purchase in CHF, EUR, GBP, USD by bank wire, credit card or also via bitcoin and USDT. The PAXG token is a digital asset that represents one fine troy ounce of a London Good Delivery gold bar. The gold bar is stored in professional vaults in London.
“In a view of the recent decision by the US Federal Reserve to lower the benchmark interest rate to 0% and relaunched its quantitative easing program with $700 billion, the greenback is set for further de-valuation. With the breakout of the coronavirus, we also might be heading into the deep recession like the Great Depression of the 1930s. This is the time when investors are in dire need for a real alternative to protect their savings. Therefore, we decided to move forward with listing of tokenized gold on SMART VALOR exchange.”
– Olga Feldmeier, CEO SMART VALOR