Published On: Thu, Aug 24th, 2017

Golden Age? GoldMint Uses Blockchain To Become ‘Uber Of Pawnbrokers’

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Gold is still considered the go-to safe haven precious metal for investors, regardless whether they are diehard fiat traders or crypto-curious.
Automation Breathes New Life Into Pawnbrokers
Despite getting a bad rap from an increasing number of analysts who prefer cryptocurrency as a short-term investment in 2017, gold remains more lucrative than many think.
This is the conclusion of multiple startups aiming to leverage Blockchain to solve one of the legacy gold industry’s biggest headaches: its lack of technology.

One of them,, is seeking to go further than before by taking the Blockchain to the industry itself, replacing aging pawnbrokers with gold ‘Custody Bots’.
More than CME Group’s trading platform or Orocrypt’s investment platform, GoldMint hopes automation based on decentralized technology will open up gold profitability to the masses.
“Who remembers what taxi services were like before Uber came? They acted like underground groups. No checks, no transparency and no regard for reputation,” founder and CEO Dmitry Pluschevsky commented to Bitcoinist.  
But then Uber came into the world and changed everything, making this business convenient and transparent with fair prices. That is what we are going to do …

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