Puregold.sg Group, a Singapore based firm, was established in 2010 as an e-commerce store selling value added 999.9 pure gold and 999 pure silver. It is one of Singapore’s premier private mints with its own in-house factory. It aspires to be the leading hub of creative quality premium gift coins and bars that are made in Singapore.
OEX International Pte Ltd (Singapore) has collaborated with Puregold.sg Group to be the World’s First Cryptocurrency Exchange to accept PGG (Physical Gold), pairing as a medium of transfer. They strongly believe in their strategic business collaboration and aims to discover greater business opportunities and possibilities to bring massive value to both companies in the blockchain world.
Puregold.sg Group launched the world’s first gold-backed token, that will empower the next generation of e-commerce based on the blockchain. The PG-Pay platform will help daily transactions using PGG (Physical Gold) that will eventually help businesses and individual customers. The PGG (Physical Gold) is aimed to become a stable base pair on Bullion Currencies e-commerce platform and Cryptocurrency exchanges that will eventually empower the global economy.
PGG (Physical Gold) is a digitized gold, a reward issued to PGT holders issued by Puregold.sg Group that uses the current price of gold set on the LBMA exchange at the time of swap. PGG is stored in a third party secured vault and each gram of gold is registered to individual holders, making it transparent and secured to every PGG holders. For all purchases and transactions that are made through Bullion Currencies and Gold ATM machines, part of the profit revenue will be credited to Bullion Currencies PG-Pay app platform in the form of PGG (Physical Gold).
PGT is a utility token which can be used to offset transaction fee whenever token holders use it to transact through our Gold commerce platform (Bullion Currencies) and acts as a reward token for PGT holders.
Majority Cryptocurrency Exchanges Issues
- Licensing Issue
- Banks deposit daily limitation
By pairing with PGG (Physical Gold), gold-backed token, it provides cryptocurrency exchange members an option to purchase PGG (Physical Gold) through their Bullion Currencies PG-Pay mobile platform, so they can instantly transfer PGG (Physical Gold) directly to the cryptocurrency exchange with the price set in LBMA gold price. PGG (Physical Gold) has no volatility issue, unlike the Alt-coins. They can then use PGG (Physical Gold) to buy Alt-coins listed in the exchange. Cryptocurrency exchange members also have an option to sell their PGG (Physical Gold) by transferring it to PG-Pay mobile platform, without daily limitation. Gold is money and by digitizing it, it makes transaction fast, secure, transparent and without liquidity issues.