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To learn more about Puregold, see our recent interview with Shawn Tham:
Q: Could you provide our readers with a brief introduction to Puregold?
A: We are a bricks and mortar company in existence since 2010 with physical gold retail stores as well as a gold ATM where you can withdraw gold. We launched our PUREGOLD ICO on 15th Jan 2018 to 14 Mar 2018.
Q: What are your main advantages?
A: The advantages of using gold as currency over traditional fiat currencies are numerous and impossible for fiat currencies to match. Today a transaction between persons residing in different countries can still take several days and also cost the parties a significant share of the money transferred (the average cross border transaction fee is 7.45%) as each party of the transfer chain, of which there are many, requires a small margin for their efforts. This can now be done in seconds using PGG via the blockchain for practically zero cost and more securely than ever before. Even for those with a strong interest in new technology and better ways of conducting transactions, gold is still perceived as a stable and reliable investment instrument. The single most important step in moving benefits from the conceptual into the practical mainstream is to enable people to use gold in the same way they can with any other currency. This would mean the enablement of instant payments with gold currency as though it were cash or money. People will be able to store, spend and exchange gold cheaper and in a more secure environment than what is available now in traditional banks or fiat currency. The Gold Commerce Platform will be the decentralized core that interlocks the restricted financial world we live in today, with a futuristic gold economy with limitless and borderless opportunities.
Q: What are your plans for next four months?
A: Our ICO and PG-PAY launched on 15th January, with a private launch party on the 14th Jan, until 14 March 2018. Follow the PureGold.io Journey live on our FB Group and Youtube channel throughout the ICO. After the ICO, we will expand our payment gateway PG-PAY to tie up with Singapore and Malaysia Thru Partnership with Orca. Expansion plans throughout Asia Pacific and Australia are already in process. We have added COSS.io exchange to our list of exchanges.
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Q: More generally, how do you see the cryptocurrency landscape developing, and where do you place yourself in the industry?
A: Alot of ICOs currently launched have no actual business model and experience, which is the leading reason why many may fail, thus creating distrust and confusion among users and the public. We believe that our years of experience and knowledge of the gold business and our physical assets put us in a strong and strategic position.