DigitalX makes investment in company behind gold-backed stablecoin XGold

Submitted by Anonymous (not verified) on Tue, 04/16/2019 - 13:40

DigitalX, an Australian blockchain technology company, today announced it has secured AUD $2 million to fund a strategic investment in Singaporean based Bullion Asset Management Services (BAM). BAM is creating a gold-backed cryptocurrency called XGold which will compete with the leading stablecoin products such as Tether,...