Today we continue our tour of the crypto ecosystem with Jean-Francois Faure, the founder of Aucoffre.com and of Veracash. Want to learn more about precious metals? On the future of Bitcoin? On how a gold backed stablecoin works, you’ve come to the right place!
Warning : This article is brought to you by the company Veracash. Crypto investments are risky by nature, do your own research and invest only within the limits of your financial capacity. This article does not constitute an investment incentive..
From the birth of Aucoffre.com …
Do we still need to present Veracash, the product implemented by Aucoffre.com to allow everyone to invest in metals? Maybe for those of you who don’t keep up with our daily Sunday 11am rendezvous, where Karen explains the alternative investments as well as the possibilities allowed by Veracash ?
So let’s go, but let’s be brief, the easiest still is to go to the appropriate section to know everything on the subject.
In 2008, the subprime crisis broke out and the whole world saw the economy collapse. Gold, the ultimate safe haven asset, having withstood many crises, unsurprisingly sees its price take off in times of crisis. Indeed, the ounce of gold which was only $ 668 in January 2007 reached in 10 years, $ 1260, an increase of 88%.
Jean-Francois Faure, a great enthusiast of precious metals expects a surge in prices and wants to buy gold. This is when he realizes the lack of price transparency, high fees and the difficulty of buying and holding it, if only one platform could buy and sell. easily metals? Aucoffre.com just saw the light of day.
to that of Veracash!
Several years later, Jean Francois Faure will discover the blockchain as well as the principle of stablecoins. “What if we launched a stablecoin backed by an unstable asset like gold to make it easy for our customers to buy, sell or store it!”.
How did such an idea come about? How does the price remain indexed to the ounce of gold? What are the next milestones? You will need to watch the video to find out. Have a good viewing, don’t forget to subscribe and see you next week!
President and Co-Founder of MinedHack and fervent defender of Blockchain since 2017, I am aware that without an explanation and vision of the industry its adoption will never take place. I hope as a Reporter and Editor of CoinTribune to help with this mission.
The comments and opinions expressed in this article are those of the author alone, and should not be considered as investment advice. Do your own research before making any investment decisions.