Realizing the consumer sentiments and growing popularity of cryptocurrencies, crypto businesses have started offering different investment opportunities for people in the form of Bitcoins, crypto wallets, physical assets like precious metals, and more.
It is the introduction of precious metals that added a new dimension to the crypto world where people can buy gold or silver by trading crypto. To make it simpler for crypto users, Tokoin, a blockchain-based platform for micro, small, and medium enterprises (MSMEs), has announced a strategic partnership with the precious metal providers e-mas and ORORI.
Under this partnership, Tokoin will create a decentralized blockchain platform to facilitate the purchasing of precious metals such as gold through a dedicated wallet.
This move of Tokoin is believed to provide people with the option of making investments in gold and silver and securing their assets amid economic crisis such as the ongoing one induced by the COVID-19 pandemic.
Tokoin will develop the sustainable crypto wallet, which will enable crypto users to purchase precious metals with their cryptocurrency as payment.
The limit for buying gold will start with a minimum of five grams that users can purchase only when their wallet money reaches to that much price of the gold and get it delivered at their residences.
Its collaboration with e-mas will allow Tokoin users to save the money required for buying precious metals in their wallets.
Why investing in precious metals could be a win-win situation for investors is the fact that the value of such physical assets keeps on increasing irrespective of inflation, which gives them the feeling that their assets are secure in times of economic slowdown.
Tokoin has been at the forefront of helping MSMEs reduce their transaction costs through its decentralized finance (DeFi) technology.
Among other innovative features introduced by Tokoin to increase the crypto community engagement are referral programs and the TOKO token for use in playing games at Multicoin.Fun.